HMA Agro Industries approves director appointments and articles alteration

HMA Agro Industries Limited has received shareholder approval for several key governance changes and director appointments through a postal ballot process that concluded on May 28, 2026. The resolutions passed include alterations to the Articles of Association, the appointment of a new Chairperson and Managing Director, and the re-appointment of an independent director. These changes are aimed at strengthening the company's leadership structure and updating its regulatory framework.

Alteration of Articles of Association

Shareholders approved specific changes to the company's Articles of Association. These include the insertion of a new Article 75A relating to the appointment of Key Managerial Personnel (KMP). Additionally, Article 2(1)(d) and Article 103, which relate to the Common Seal of the Company, were deleted. These modifications align the company's constitutional documents with current operational requirements.

Key Director Appointments

The postal ballot resulted in the appointment of several directors to the board. Mr. Gulzar Ahmad (DIN: 01312305) was appointed as the Chairperson and Managing Director of the company. Furthermore, Mr. Viswambharan Parameswaran (DIN: 09822921) and Mr. Bhabani Sankar Acharya (DIN: 11679213) were appointed as Directors and subsequently designated as Wholetime Directors. The company also saw the re-appointment of Mr. Gaurav Rajendra Luthra (DIN: 08023492) as a Non-Executive Independent Director.

Change in Registered Office

In a significant administrative shift, shareholders approved the relocation of the registered office from the State of Uttar Pradesh to the National Capital Territory (NCT) of Delhi. This move is part of the company's strategic realignment.

Postal Ballot Details

The e-voting process was managed by National Securities Depository Limited (NSDL), with M/s R.C Sharma & Associates, Agra, serving as the scrutinizer. The voting period commenced on April 29, 2026, and concluded on May 28, 2026. The cut-off date for determining shareholder eligibility was April 24, 2026.

Resolution	Details
Articles Alteration	Insertion of Article 75A; Deletion of Article 2(1)(d) and 103
Chairperson & MD	Mr. Gulzar Ahmad (DIN: 01312305)
Wholetime Directors	Mr. Viswambharan Parameswaran, Mr. Bhabani Sankar Acharya
Independent Director	Mr. Gaurav Rajendra Luthra (Re-appointed)
Registered Office Shift	Uttar Pradesh to National Capital Territory of Delhi

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.32%	-3.17%	-4.79%	-22.83%	-31.98%	-60.30%

HMA Agro Industries reported a consolidated net profit of ₹1,651.86 million for the financial year ended March 31, 2026, rising 88.37% from ₹876.90 million in the previous year. Revenue from operations increased 34.75% to ₹69,164.95 million from ₹51,330.17 million in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹82.21 million on revenue from operations of ₹15,790.98 million. The Board approved the audited financial results during its meeting on May 25, 2026.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company released an investor presentation detailing its performance. The presentation highlighted that consolidated EBITDA for FY26 rose 54.75% to ₹2,839.59 million, with EBITDA margins expanding to 4.11%. The company attributed the growth to sustained export demand and operational efficiency across its diversified product portfolio, which includes frozen buffalo meat, seafood, and pet food.

Consolidated Financial Performance

The company’s total income for FY26 reached ₹70,414.19 million, up from ₹52,143.72 million in the previous year. Total expenses for the year amounted to ₹68,236.76 million compared to ₹50,887.68 million in FY25. The profit before tax for the year stood at ₹2,177.43 million, while the tax expense was ₹525.57 million. Earnings per share (EPS) for the year increased to ₹3.29 from ₹1.75 in the prior year.

Metric	Year ended March 31, 2026 (₹ Million)	Year ended March 31, 2025 (₹ Million)
Revenue from operations	69,164.95	51,330.17
Total Income	70,414.19	52,143.72
Total Expenses	68,236.76	50,887.68
Profit before tax	2,177.43	1,256.04
Net profit	1,651.86	876.90
Basic EPS	3.29	1.75

Standalone Results

On a standalone basis, the company reported a net profit of ₹1,271.07 million for FY26, compared to ₹601.73 million in the previous year. Revenue from operations for the year was ₹67,689.16 million, up from ₹48,621.43 million in FY25. For the quarter ended March 31, 2026, standalone net profit was ₹192.11 million with revenue of ₹15,384.83 million. Standalone EBITDA for FY26 grew 80.26% to ₹2,109.54 million, with margins at 3.12%.

Board Approvals and Appointments

The Board of Directors approved the re-appointment of M/s S.N. Gupta & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The appointment is effective from April 01, 2026. The firm holds registration number 001057C. The Board also took note of the audit report issued by the Statutory Auditors for the financial results.