HMA Agro Industries has re-appointed M/s S.N. Gupta & Co., Chartered Accountants, as its Internal Auditor for the financial year 2026-27. The Board of Directors approved the re-appointment during a meeting held on May 25, 2026, based on the recommendations of the Audit Committee. The appointment is effective from April 01, 2026.

The firm, registered under firm registration number 001057C, will serve as the Internal Auditor for the entire financial year. M/s S.N. Gupta & Co. brings extensive experience in audits, taxation, finance, project services, and corporate law services. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor Details

The key particulars of the re-appointment are summarised below:

HMA Agro Industries Limited has announced the cancellation of its proposed divestment of stake in subsidiary Laal Agro Food Private Limited, informing the stock exchanges on May 06, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision to withdraw from the transaction was attributed to certain issues identified in relation to the valuation and pricing aspects of the proposed deal. As a result, the Share Purchase Agreement dated May 02, 2026, shall not be acted upon and stands cancelled with immediate effect.

Background of the Proposed Transaction

The proposed divestment had been communicated to the exchanges through a series of regulatory disclosures before the cancellation was announced. The key milestones leading up to the cancellation are outlined below:

The company had entered into a Share Purchase Agreement on May 02, 2026, for the proposed divestment of its stake in Laal Agro Food Private Limited, referred to as the Target Company in the regulatory communication.

Regulatory Compliance

The update was filed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. The intimation was signed by Nikhil Sundrani, Company Secretary and Compliance Officer (FCS No. 13843), on May 06, 2026.

Future Outlook

HMA Agro Industries has indicated that it may re-evaluate the proposed transaction at a future date, subject to necessary approvals and compliance with applicable laws. No further details regarding timelines or revised terms have been disclosed at this stage.