HMA Agro to fully divest subsidiary FNS Agro Foods for about 5 crore
HMAAGRO · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.1 pts less 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 selling its entire 100% stake (8,95,593 shares) in subsidiary FNS Agro Foods Limited at 55.92 per share, totalling about 5.01 crore. FNS had nil turnover and contributed only 0.51% to net worth, and is not actively operating. Buyers are promoter group individuals and relatives, making it a related party transaction at arm's length. Expected completion by September 30, 2026.
Minor divestment of inactive subsidiary to promoter group relatives. Limited financial impact, removes non-operating entity from group structure.