The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zulfiqar Ahmad Qurashi & Others

Promoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

HMAAGRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹22.69

prior close

₹22.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.5%+0.0% vs market

Meat Products including Poultry peers, median of 5sector+1.0%+1.5% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.9

15m

+1.5

30m

+2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+2.5+0.0+1.0+1.5

Next day

+2.5+3.7-1.2+2.9-0.4

+9.4+5.0+4.5+2.9+6.5

+8.0+4.4+3.6-0.0+8.0

+9.5+5.5+4.0+0.9+8.6

+7.6+6.9+0.8+6.6+1.1

+5.3+5.1+0.2+2.8+2.5

15d

+9.5+12.0-2.5+5.3+4.3

+6.3+7.6-1.3+4.4+1.9

+1.3+13.7-12.4-3.6+5.0

-4.1+18.7-22.7+1.6-5.6

UpDownMarket · Nifty Microcap 250Sector · Meat Products including Poultry peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoters of HMA Agro Industries (Zulfiqar Ahmad Qurashi, Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, Guizar Ahmad, and Wajid Ahmed) along with PACs Gulzeb Ahmed and Parvez Alam sold 3,31,81,173 equity shares (6.63% of total capital) via an Offer for Sale between April 9–10, 2026 for Rs. 500.77 crore (approx. Rs. 150.86 per share). The sale was undertaken to comply with Minimum Public Shareholding (MPS) norms under Rule 19A(1) of SCRR, 1957 and Regulation 38 of SEBI (LODR) Regulations, 2015. As a result, promoter holding fell from 81.63% to 75% while PAC holding remained unchanged at 3.32%, bringing total promoter group holding to 78.32%.

Likely market impact

The sale was regulatory-driven to meet public shareholding requirements, not a sign of loss of confidence. The stock is likely to remain in the promoter group's strong control at ~78% holding.