hma agro industries announced significant changes in its leadership effective June 02, 2026, following the resignation of its Managing Director and the retirement of its Whole Time Director and Chief Executive Officer. The company disclosed these developments in a regulatory filing submitted on June 03, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exits mark a major shift in the top management structure of the Five Star Export House.

Mohammad Mehmood Qureshi (DIN: 02839611) tendered his resignation from the position of Managing Director and Director, effective from the close of business hours on June 02, 2026. In his resignation letter addressed to the Board, Qureshi stated that the decision was made due to personal and professional commitments. He confirmed there were no other material reasons for his resignation and expressed gratitude to the Board and management team for their support during his tenure.

Simultaneously, Gulzeb Ahmed (DIN: 06546660) retired from the positions of Whole Time Director and Chief Executive Officer (CEO), also effective from the close of business hours on June 02, 2026. Ahmed communicated his unwillingness to continue for the next term of appointment. While stepping down as CEO, a role he held since April 22, 2025, he confirmed that he will continue to serve as the Chief Financial Officer (CFO) of the company.

The company confirmed that the requisite disclosures, including details of the resignation and retirement letters, were submitted in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2026/14 dated January 30, 2026. The information has been made available on the company's website.

The Board of Directors has been requested to accept the resignations and complete the necessary statutory formalities, including the filing of requisite forms with the Registrar of Companies and other regulatory authorities. The registered office of HMA Agro Industries Limited is located at 18A/5/3, Taj View Crossing, Fatehabad Road, Agra-282001, Uttar Pradesh.

HMA Agro Industries has reported its strongest financial year in history, with a consolidated net profit of ₹1,651.86 million for FY26, an increase of 88.37% from ₹876.90 million in the previous year. Revenue from operations rose 34.75% to ₹69,164.95 million. The company attributed the record performance to sustained export demand, expansion into new geopolitical markets, and operational efficiency. The disclosure follows the earnings conference call held on May 29, 2026, to discuss the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Consolidated Financial Performance

Consolidated EBITDA for FY26 increased 54.75% to ₹2,839.59 million, with margins expanding to 4.11% from approximately 3.57% in the previous year. Total income reached ₹70,414.19 million, while total expenses amounted to ₹68,236.76 million. Profit before tax grew 73.4% to ₹2,177.43 million. The company noted that higher capacity utilization, improved pricing, and a strong product mix drove the EBITDA improvement.

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 increased 39.2% to ₹67,689.16 million. Standalone EBITDA grew 80.3% to ₹2,109.54 million, with margins improving to 3.12% from approximately 2.4%. For the quarter ended March 31, 2026, standalone net profit was ₹192.11 million with revenue of ₹15,384.83 million.

Strategic Developments

Management highlighted the approval received from Malaysian authorities for one of its subsidiaries, which enabled better capacity utilization. The company is also exploring expansion into new product categories, including French fries and chicken, to leverage its existing frozen food clientele. Addressing geopolitical challenges, the company noted that logistics and freight costs remain significant pressures due to the situation in the Middle East, though demand for food products remains resilient.