HMA Agro Industries Publishes Postal Ballot Newspaper Advertisements for E-Voting Process

HMA Agro Industries Limited has published newspaper advertisements on April 28, 2026, in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing the completion of postal ballot notice dispatch and providing detailed remote e-voting information to shareholders.

Newspaper Advertisement Publication

The company published advertisements in two newspapers on Tuesday, April 28, 2026, to inform shareholders about the postal ballot process:

Publication Details:	Information
English Newspaper:	Financial Express (New Delhi Edition)
Vernacular Newspaper:	Hindustan (Agra Edition)
Publication Date:	April 28, 2026
Regulatory Compliance:	Regulation 47 of SEBI LODR

E-Voting Schedule and Resolutions

The company is seeking shareholder approval on eight resolutions through postal ballot via remote e-voting process. The voting schedule remains as previously announced:

E-Voting Timeline:	Details
Commencement:	9:00 a.m. IST on April 29, 2026
Conclusion:	5:00 p.m. IST on May 28, 2026
Cut-off Date:	April 24, 2026
Notice Dispatch:	Completed on April 27, 2026

Resolution Details

Shareholders will vote on the following matters:

Resolution Type:	Description
Special Resolution:	Alteration of Articles of Association
Ordinary Resolution:	Appointment of Mr. Gulzar Ahmad as Chairperson and Managing Director
Ordinary Resolution:	Appointment of Mr. Viswambharan Parameswaran as Director and Whole-Time Director
Ordinary Resolution:	Appointment of Mr. Bhabani Sankar Acharya as Director and Whole-Time Director
Special Resolution:	Re-appointment of Mr. Gaurav Rajendra Luthra as Independent Director
Special Resolution:	Shifting of Registered Office from Uttar Pradesh to Delhi NCT

Shareholder Information and Access

The postal ballot notice has been made available across multiple platforms for comprehensive shareholder access. Only members whose names appear in the register of members or list of beneficial owners as of the cut-off date are eligible to vote. The company has appointed CS R.C. Sharma as the Scrutinizer to ensure fair and transparent voting process.

Voting rights will be proportional to shareholders' stake in the paid-up equity share capital as determined on April 24, 2026. The results will be announced on or before May 30, 2026, and displayed on the company website and stock exchange platforms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	+1.20%	-1.58%	-23.29%	-27.49%	-58.39%

HMA Agro Industries Limited has successfully completed its Offer for Sale (OFS) with promoters filing detailed regulatory disclosures confirming the transaction's completion. The company has submitted formal notifications to BSE Limited and National Stock Exchange of India Limited regarding the sale of equity shares through the stock exchange mechanism to achieve Minimum Public Shareholding (MPS) compliance.

OFS Completion and Regulatory Compliance

The promoters completed the sale of 3,31,81,173 equity shares, representing 6.63% of the company's total issued and paid-up equity share capital. The transaction was executed on April 09-10, 2026, as per the previously announced schedule, with Mohammad Ashraf Qureshi filing mandatory disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on behalf of all sellers.

Transaction Parameter:	Details
Total Shares Sold:	3,31,81,173 equity shares
Percentage of Capital:	6.63%
Transaction Dates:	April 09-10, 2026
Purpose:	MPS Compliance
Regulatory Framework:	SEBI Takeover Regulations

Detailed Promoter Holdings and Transaction Breakdown

The regulatory disclosure reveals comprehensive shareholding patterns of all selling promoters before and after the OFS completion. The combined promoter group holding, including Persons Acting in Concert (PACs) Gulzeb Ahmed and Parvez Alam, has reduced from 81.63% to 75.00% following the transaction.

Promoter Name:	Shares Sold	Pre-OFS Holding	Post-OFS Holding
Zulfiqar Ahmad Qurashi:	71,41,000	9,23,05,001 (18.43%)	8,51,64,001 (17.01%)
Mohammad Ashraf Qureshi:	71,41,000	9,23,05,001 (18.43%)	8,51,64,001 (17.01%)
Mohammad Mehmood Qureshi:	71,41,000	9,23,05,001 (18.43%)	8,51,64,001 (17.01%)
Gulzar Ahmad:	42,56,543	6,51,54,530 (13.01%)	6,08,97,987 (12.16%)
Wajid Ahmed:	75,01,630	5,00,76,977 (10.00%)	4,25,75,347 (8.50%)

Capital Structure and MPS Achievement

The company's total equity share capital remains unchanged at Rs. 50,07,69,770, comprising 50,07,69,770 equity shares of face value Re. 1 each. The OFS has successfully reduced the promoter group's combined shareholding to exactly 75.00%, helping the company move towards achieving the required minimum public shareholding norms as mandated under Rule 19A(1) of Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (LODR) Regulations, 2015.

Regulatory Documentation and Compliance

Mohammad Ashraf Qureshi, representing all sellers, submitted the detailed disclosure document to both BSE Limited and National Stock Exchange of India Limited on April 13, 2026. The documentation confirms that the transaction was executed purely for MPS compliance purposes through the Offer for Sale mechanism, with no encumbrances or voting rights complications. The disclosure also confirms that PACs Gulzeb Ahmed and Parvez Alam maintained their combined holding of 1,66,11,990 shares (3.32%) without any changes during the transaction.