HMA Agro to divest 100% stake in subsidiary FNS Agro Foods
HMAAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than 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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HMA Agro Industries board approved divesting its full 100% stake in subsidiary FNS Agro Foods Limited, comprising 8,95,593 equity shares at ₹55.92 per share, totaling about ₹5.01 crore. The subsidiary had nil turnover and only 0.51% of net worth, and is not currently operational. Buyers are promoter group individuals, making it a related party transaction done at arm's length. The deal is expected to close by September 30, 2026.
Minor financial impact since FNS contributed 0% revenue and 0.51% of net worth. Cash inflow of about ₹5.01 crore from related-party buyers.