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