Hazoor Multi - Outcome of EGM

Hazoor Multi Projects Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 24, 2007, have unanimously passed the following:

1. Increase in Authorised Share Capital from Rs 10,00,00,000/- to Rs 20,00,00,000/-.

2. Alteration of Capital Clause (Clause V) of the Memorandum of Association pursuant toIncrease in Authorised Share capital from Rs 10,00,00,000/- to Rs 20,00,00,000/-.

3. The Members have accorded their consent to the issue of 85,00,000 Share Warrants on Preferential Allotment Basis, carrying an entitlement to subscribe to an equivalent number of Equity Shares of Rs 4/- each, at a price of Rs 16/- (Rs 4/- each at a premium of Rs 12/- each) to the following allottees:

A. Promoter & its Affiliates:

i. Eaugu Udyog Ltd: 36,00,000 No. of Warrants / Equity Shares proposed to be allotted

ii. Hazoor Media & Power Pvt Ltd: 14,00,000 No. of Warrants / Equity Shares proposed to be allotted

iii. Optilum Business Enterprises Pvt Ltd: 1,00,000 No. of Warrants / Equity Shares proposed to be allotted

B. Non-promoter

- Private Bodies Corporate

i. Sunnidhi Infrastructure Developers Pvt Ltd: 18,50,000 No. of Warrants / Equity Shares proposed to be allotted

ii. Pranam Reality Pvt Ltd: 11,00,000 No. of Warrants / Equity Shares proposed to be allotted

- Indian Public:

i. Mrs. Neelam S Mittal: 1,00,000 No. of Warrants / Equity Shares proposed to be allotted

ii. Mr. Sanjeev Mehta: 75,000 No. of Warrants / Equity Shares proposed to be allotted

iii. Mrs. Rupal Mehta: 75,000 No. of Warrants / Equity Shares proposed to be allotted

iv. Mr. Mayank Agarwal: 50,000 No. of Warrants / Equity Shares proposed to be allotted

v. Mrs. Rekha Agarwal: 50,000 No. of Warrants / Equity Shares proposed to be allotted