HMA Agro Industries Completes OFS of 3.32 Cr Shares for MPS Compliance
HMA Agro Industries Limited successfully completed its Offer for Sale with promoters selling 3,31,81,173 equity shares representing 6.63% of total capital on April 09-10, 2026. The transaction reduced combined promoter group holding from 81.63% to 75.00% to achieve minimum public shareholding compliance, with detailed regulatory disclosures filed under SEBI Takeover Regulations.

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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.
Historical Stock Returns for HMA Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | -1.70% | +12.23% | -21.56% | -24.49% | -58.63% |
Will HMA Agro Industries pursue further dilution to reach the mandatory 25% minimum public shareholding threshold?
How might the increased public float impact HMA Agro's stock liquidity and institutional investor interest?
What strategic initiatives could the promoters fund with the proceeds from this Rs. 331+ crore share sale?


































