Hma Agro Industries Limited has informed the Exchange about Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 Read With Securities And Exchange Board Of India Circular No. SEBI/HO/CFD/Pod2/P/CIR/2023/18 Dated February 03, 2023 With Respect To Achieving The Compliance With The Minimum Public Shareholding Requirement As Mandated Under Rule 19A Of Securities Contacts (Regulations) Rules, 1957 Read With Regulation 38 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
HMAAGRO · price
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Awaiting price reaction for this filing.
Four promoters — Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, Gulzar Ahmad, and Zulfiqar Ahmad Qurashi — plan to collectively sell 99,60,000 equity shares (about 1.988% of paid-up capital), with each promoter selling 24,90,000 shares (~0.497%). The sale will happen through the open market within 7 trading days starting June 10, 2025, to comply with the Minimum Public Shareholding (MPS) requirement of 25% under SEBI rules. The company noted that this 1.988% sale alone will not fully meet the MPS obligation, and additional methods will be used later. Promoters have given written undertakings not to buy any shares during the sale period or for 7 trading days from commencement.
The open-market sale of nearly 2% by promoters may create short-term selling pressure on the stock. However, since the purpose is regulatory compliance (improving public float), it could gradually improve liquidity and broader shareholder participation, which is generally viewed positively in the long term.