HMA Agro Industries Ltd

HMA Agro Industries Ltd. has announced reaffirmations and enhancements to its credit ratings across multiple instruments and agencies, with CARE Ratings Limited reaffirming Long Term / Short Term Bank Facilities at CARE A- (Stable), previously enhanced from 1,231.00 to 1,731.00, and Short Term Bank Facilities at CARE A2+, alongside reaffirmations for additional Fund Based Limits totaling 19.00 with State Bank of India, Yes Bank Ltd., Canara Bank, HDFC Bank Ltd., and a proposed facility of 506.00; CARE Ratings Ltd. has assigned a BB+ (Stable) rating to Bank Loan facilities of INR 50 crore, noting the possibility of annual surveillance/review and potential revision/reaffirmation/withdrawal, while also indicating that ratings for certain Bank Facilities are unavailable due to a lack of issuer cooperation; furthermore, CARE Ratings indicated no further details are available for certain instruments, and CareEdge Ratings affirmed that ratings reflect opinions as of the date of the rating, with no specific rating action detailed, and unspecified agencies have provided a reaffirmation with further details unavailable.

HMA Agro Industries Limited informed the Bombay Stock Exchange and the National Stock Exchange of India that the trading window for its securities will be closed for all designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ending September 30, 2026.

HMA Agro Industries Limited announced that its members approved the appointment of M/s VAA & Associates, Chartered Accountants, as the company's Statutory Auditors at the 18th Annual General Meeting held on Friday, September 18, 2026. M/s VAA & Associates will hold office for a term of five consecutive years, commencing from the conclusion of the 18th AGM until the conclusion of the 23rd AGM.

HMA Agro Industries Limited executed a share sale agreement with seven proposed acquirers to sell its entire 8,95,593 equity shares in FNS Agro Foods Limited, representing 100% of its shareholding, for a consideration of Rs 5,00,81,560.56, or Rs 55.92 per share; the acquirers are members of the company's Promoter/Promoter Group, comprising four promoters and three relatives of promoters, and the transaction constitutes a related party transaction undertaken at arm’s length, with the transfer expected to be completed on or before September 30, 2026, after which FNS Agro Foods Limited will cease to be a subsidiary of HMA Agro Industries Limited.

HMA Agro Industries Limited said its board approved the divestment of its entire 100% equity stake in FNS Agro Foods Limited for approximately Rs 5,00,81,560.56, or Rs 55.92 per share, to a group of buyers identified as promoters and relatives of promoters. The transaction, expected to be completed by September 30, 2026, will result in FNS Agro Foods Limited ceasing to be a subsidiary of HMA Agro, and the company clarified that the transaction does not constitute a sale of an undertaking and does not require shareholder approval.

HMA Agro Industries Limited said its board approved the divestment of its entire 100% equity stake in FNS Agro Foods Limited for approximately Rs 5.01 crore, or Rs 55.92 per share. The transaction, expected to be completed by September 30, 2026, will see the buyers, identified as promoters and relatives of promoters of the holding company, acquire the 8,95,593 shares, and will result in FNS Agro Foods Limited ceasing to be a subsidiary of HMA Agro.

HMA Agro Industries Limited will seek shareholder approval on September 8, 2026, to divest its entire 100% equity shareholding in FNS Agro Foods Limited, a subsidiary of the company.

HMA Agro Industries Limited informed the Bombay Stock Exchange and the National Stock Exchange that its register of members and share transfer books will be closed from September 12, 2026, to September 18, 2026, for the purpose of its 18th Annual General Meeting, scheduled for September 18, 2026, and e-voting for the financial year 2025-26; remote e-voting will commence on September 11, 2026, and end on September 15, 2026.

HMA Agro Industries Limited has appointed M/s VAA & Associates, a firm of Chartered Accountants, as its statutory auditors for a term of five consecutive years, from the conclusion of the 18th Annual General Meeting to the conclusion of the 23rd Annual General Meeting, subject to member approval at the ensuing annual general meeting. The appointment was approved by the company's Audit Committee and Board of Directors and is based on the firm's experience in conducting audits for listed entities and other assurance assignments.

HMA Agro Industries Limited, formerly Five Star Export House, will hold a board meeting on August 25, 2026, to approve the Annual Report for the financial year 2025-26, including the Business Responsibility and Sustainability Report, and to finalize the Notice for the 18th Annual General Meeting, scheduled for a later date, along with appointing a Statutory Auditor for five years and a Scrutinizer for the AGM.