Hma Agro Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for sale of shares through Stock Exchange Mechanism for achieving Minimum Public Shareholding (MPS) requirements'.
HMAAGRO · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 1.5 pts more than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Five promoters of HMA Agro Industries — Zulfiqar Ahmad Qurashi, Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, Gulzar Ahmad, and Wajid Ahmed — along with PACs Gulzeb Ahmed and Parvez Alam, sold 3,31,81,173 equity shares (6.63% of total share capital) through an Offer for Sale on the stock exchange between April 9–10, 2026. The sale was carried out purely to comply with the Minimum Public Shareholding (MPS) norms under SEBI/SCRR rules, which require at least 25% public float. After this transaction, the combined promoter and PAC holding reduced from 81.63% to 75.00%, bringing public shareholding to the required 25% level. The total equity share capital of the company remains unchanged at Rs. 50.08 crore (50.08 crore shares of Re. 1 each).
This is a regulatory compliance action, not a value-negative event — public float rises to the mandated 25%, which typically improves liquidity and index eligibility. Existing shareholders may see modest near-term supply pressure absorbed, but no fundamental change to the business or promoter control.