HMA Agro Industries Secures ₹71 Crore in Financial Facilities

2 min read     Updated on 01 Nov 2025, 06:22 PM
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Reviewed by
Shriram ShekharScanX News Team
Overview

HMA Agro Industries Limited's Board of Directors has approved two significant financial proposals. The company will avail Export Credit Limit and Working Capital Facilities worth ₹70 crores from Canara Bank to support its export operations. Additionally, a Commercial Card Programme with a ₹1 crore credit facility from HDFC Bank has been approved for day-to-day operations. These moves aim to enhance the company's export capabilities, operational flexibility, and working capital management.

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*this image is generated using AI for illustrative purposes only.

HMA Agro Industries Limited , a prominent player in the agro-industry sector, has announced significant financial moves to bolster its operations and working capital. The company's Board of Directors convened on November 1, 2025, approving two key financial proposals that aim to enhance its export capabilities and operational flexibility.

Export Credit and Working Capital Boost

In a strategic move to support its export operations, HMA Agro Industries has received approval to avail Export Credit Limit and Working Capital Facilities from Canara Bank. The facilities, valued at approximately ₹70.00 crores, are expected to provide substantial financial backing to the company's international trade activities.

The approved facilities may include:

Facility Type Purpose
Export Packing Credit (EPC) Short-term finance for export-related activities
Foreign Bills Discounting (FBD) Discounting of export bills to improve cash flow
Credit Exposure Limit (CEL) Managing credit risk in international transactions
Other related facilities As mutually agreed with Canara Bank

This substantial credit line is poised to enhance HMA Agro Industries' ability to manage its working capital efficiently, potentially leading to improved export performance and operational flexibility.

Commercial Card Programme

In addition to the export-oriented facilities, the Board has also given the green light to a Commercial Card Programme from HDFC Bank. This programme will provide HMA Agro Industries with a credit facility of ₹1.00 crore, offering an additional layer of financial flexibility for the company's day-to-day operations.

Programme Details Value
Credit Facility Limit ₹1.00 crore
Provider HDFC Bank
Beneficiary HMA Agro Industries Limited

The Commercial Card Programme is expected to streamline certain aspects of the company's financial operations, potentially improving efficiency in managing expenses and payments.

These financial approvals come at a time when companies are increasingly looking to optimize their working capital and strengthen their export capabilities. For HMA Agro Industries, recognized as a Five Star Export House by the Government of India, these facilities align well with its status and could potentially support its growth trajectory in the international market.

As the agro-industry continues to play a crucial role in India's economy, such financial reinforcements may contribute to the sector's resilience and competitiveness in the global marketplace. Stakeholders will likely be watching closely to see how HMA Agro Industries leverages these new financial tools to drive its business forward in the coming months.

Historical Stock Returns for HMA Agro Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.72%+1.35%+2.31%-2.09%-26.61%-46.35%
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HMA Agro Industries: Promoter Zulfiqar Ahmad Qurashi Boosts Stake to 18.93% via Inter-se Transfer

1 min read     Updated on 30 Oct 2025, 07:40 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Zulfiqar Ahmad Qurashi, a promoter of HMA Agro Industries Limited, has increased his stake from 13.51% to 18.93% through an inter-se transfer of 2,71,50,471 shares (5.42%) from immediate relatives. The transaction was a gift without consideration. Mohammad Ashraf Qureshi and Mohammad Mehmood Qureshi also increased their holdings to 18.93% each, while Wajid Ahmed's stake decreased from 26.26% to 10.00%. Despite these changes, the total promoter group holding remains unchanged at 83.61%.

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*this image is generated using AI for illustrative purposes only.

HMA Agro Industries Limited , a prominent player in the agro-industry sector, has witnessed a significant change in its shareholding pattern. Zulfiqar Ahmad Qurashi, a promoter of the company, has increased his stake through an inter-se transfer between immediate relatives.

Key Details of the Transaction

  • Nature of Transaction: Inter-se transfer by way of gift without consideration
  • Shares Acquired: 2,71,50,471
  • Percentage Increase: 5.42%

Changes in Shareholding

Promoter Previous Holding New Holding
Zulfiqar Ahmad Qurashi 13.51% 18.93%
Mohammad Ashraf Qureshi Not specified 18.93%
Mohammad Mehmood Qureshi Not specified 18.93%
Wajid Ahmed 26.26% 10.00%

Impact on Promoter Group Holding

Despite the internal redistribution of shares among the promoters, the total promoter group holding remains unchanged at 83.61%. This transaction involves persons acting in concert within the promoter group.

Transaction Highlights

  • The inter-se transfer was executed as a gift without any monetary consideration.
  • Wajid Ahmed's stake saw a significant decrease, acting as the seller in this transaction.
  • Both Mohammad Ashraf Qureshi and Mohammad Mehmood Qureshi also increased their individual holdings to 18.93% each.

This reshuffling of shares within the promoter group suggests a strategic realignment of ownership among the immediate relatives involved in HMA Agro Industries Limited. While the overall promoter group holding remains constant, the individual stakes of key promoters have been adjusted.

Historical Stock Returns for HMA Agro Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.72%+1.35%+2.31%-2.09%-26.61%-46.35%
HMA Agro Industries
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