Hma Agro Industries Limited has informed the Exchange about Agreements
HMAAGRO · price
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HMA Agro Industries has executed a Share Purchase Agreement on May 02, 2026, to sell its entire equity stake in Laal Agro Food Private Limited to Mr. Gulzar Ahmad and Mohammad Kamil Qureshi (both part of the promoter group). The consideration is ₹1,00,000 (₹10 per share for 10,000 shares), based on a valuation report from a Registered Valuer dated April 30, 2026. The transaction is a related party transaction approved on an arm's length basis under Regulation 23 of SEBI LODR. The subsidiary has nil turnover and net worth of ₹11.41 million (0.14% of the company), and is not classified as a material subsidiary. Expected completion is by May 30, 2026.
This is a minor divestment of a non-operational subsidiary to promoters at a small consideration. Given the nil turnover and minimal net worth contribution, the impact on HMA Agro's financials and stock price is expected to be negligible.