HMA Agro to divest FNS Agro Foods subsidiary to promoter group
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's board approved selling its entire 100% stake (8,95,593 shares) in subsidiary FNS Agro Foods to promoter group relatives for about Rs 5.01 crore. FNS had nil revenue and contributed just 0.51% to net worth. The deal is a related party transaction done at arm's length, expected to complete by Sept 30, 2026.
Minor divestment of inactive, non-core subsidiary to promoter group. Negligible financial impact on the company.