Synopsis: HMA Agro promoters offloaded 3.32 crore shares via an Offer for Sale on April 9–10, cutting their stake to 75% to satisfy SEBI’s mandatory minimum public shareholding requirements.
Five promoter-sellers Zulfiqar Ahmad Qurashi, Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, Gulzar Ahmad, and Wajid Ahmed along with two Persons Acting in Concert, Gulzeb Ahmed and Parvez Alam, owned 81.63% of HMA Agro’s equity before the sale. During the two-day OFS, they offloaded 3.32 crore shares, which is a 6.63% stake. This lowered the promoter holding to exactly 75%, satisfying SEBI’s Minimum Public Shareholding requirement.
The sale involved the five sellers. Each of the three Qureshi family members sold about 71.41 lakh shares. Gulzar Ahmad sold 42.57 lakh shares, while Wajid Ahmed sold 75.02 lakh shares. The PACs did not sell any shares and kept their 3.32% stake unchanged. The company’s total equity share capital remains at 50,07,69,770 shares, each with a face value of Rs. 1.
After completing the promoter stake sale to meet the rules, HMA Agro Industries saw a positive price move in early trading on April 15, 2026. The stock rose 2.96% to reach Rs. 23.33, bouncing back from its recent 52-week low of Rs. 21.25, which it hit just days earlier during the Offer for Sale period.
Even though the Year-to-Date return is under pressure at -21.07%, the current session shows a strong intraday bounce, with the price trading above its Weighted Average Price of Rs. 23.21. This rise suggests that the market is starting to absorb the new shares since the promoter holding has been successfully capped at the required 75% limit.
Company Overview
Agra-based HMA Agro Industries, a key player in India’s organized meat export sector, successfully completed a compliance-led Offer for Sale (OFS). The Qureshi family remains the dominant force, retaining a controlling stake of over 51% despite the divestment. By fulfilling SEBI’s 75% promoter limit, HMA Agro has removed a significant regulatory overhang. The resulting increase in public float is expected to improve the stock’s market liquidity and attract a more diverse institutional investor base.
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