Hma Agro Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI(SAST) Regulation, 2015'.
HMAAGRO · price
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Awaiting price reaction for this filing.
Three promoters of HMA Agro Industries — Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, and Zulfiqar Ahmad Qurashi — have sold their equity shares in the open market, with each promoter disposing of approximately 24.90 lakh shares (around 0.50% stake each). Mohammad Ashraf Qureshi and Mohammad Mehmood Qureshi each sold 24,90,000 shares on June 10, 2025, bringing their holdings from 18.93% to 18.43%. Zulfiqar Ahmad Qurashi sold 5,94,405 shares on June 10 and an additional 18,95,595 shares on June 12, 2025, ending at 18.43%. Collectively, the three promoters reduced their combined holding by roughly 1.49%, from 56.79% to about 55.30%. The disclosures were filed to comply with SEBI's takeover regulations requiring promoters to report open market share sales.
A coordinated promoter sell-down of around 1.5% stake may be viewed as a mild negative signal by the market, but the absolute size is small and each promoter retains a sizeable 18.4% holding, suggesting no major change in promoter commitment.