Dear Sir, We hereby inform that the Company has entered into Share Purchase Agreement with Mr. Gulzar Ahmad and Mohammad Kamil Qureshi for sale of Stake of its wholly owned subsidiary ....
HMAAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HMA Agro Industries Ltd has entered into a Share Purchase Agreement on May 2, 2026, to sell its entire equity stake (10,000 shares) in wholly owned subsidiary Laal Agro Food Private Limited to Mr. Gulzar Ahmad and Mohammad Kamil Qureshi, both part of the promoter group. The deal is valued at ₹1,00,000 (₹10 per share), based on a valuation report dated April 30, 2026. The transaction qualifies as a related party transaction and has been approved on an arm's length basis under Regulation 23 of SEBI LODR. Laal Agro Food contributed nil to turnover and only 0.14% to net worth in FY2025, and is not classified as a material subsidiary. The sale is expected to complete by May 30, 2026.
This is a small, non-material divestment of an inactive subsidiary to insiders at book value. Likely minimal direct impact on the stock, though the related party nature may attract shareholder scrutiny.