Mohammad Kamil Qureshi acquires 8.50% stake in HMA Agro Industries via inter-se share transfer
HMA Agro Industries Limited has seen an inter-se transfer of shares among its Promoter Group members, with Mohammad Kamil Qureshi acquiring a significant stake from Waiid Ahmed. This transaction details the movement of equity shares within the company’s promoter base.The acquisition was completed by Mohammad Kamil Qureshi from Waiid Ahmed, both members of the Promoter Group of HMA Agro Industries Limited. The transfer involved 4,25,75,347 Equity Shares, representing an 8.50% holding in the company at the time of the transaction.
The total equity share capital and voting capital of HMA Agro Industries Limited prior to the acquisition stood at Rs. 50,07,69,770 (representing 50,07,69,770 Fully Paid Equity Shares of Re. 1/- Each). Following the inter-se transfer, both the equity share capital and total voting capital remained reported at Rs. 50,07,69,770.
Details of the Share Acquisition
The acquisition details reveal that Mohammad Kamil Qureshi acquired 4,25,75,347 shares from Waiid Ahmed. The transaction was categorized as an Off-Market Inter-Se-Transfer between Immediate Relatives by way of Gift and had no salient features noted regarding time till redemption or conversion ratio.The acquisition resulted in the following holdings for Mohammad Kamil Qureshi:
| Metric | Shares Acquired | Percentage |
|---|---|---|
| Shares carrying voting rights acquired | 4,25,75,347 | 8.50% |
| Total shares held after acquisition | 4,25,75,347 | 8.50% |
Promoter Group Holdings Overview
The transaction was part of a series of inter-se transfers among various promoters of HMA Agro Industries Limited. Annexure A provides details on the pre and post-transaction shareholding for several Persons Acting in Concert (PAC) within the Promoter Group, whose total holding stood at 75.00%.| Promoter/PAC Name | Pre-Transaction Holding (Number) | Pre-Transaction Holding (%) | Post-Transaction Holding (Number) | Post-Transaction Holding (%) |
|---|---|---|---|---|
| Zulfiqar Ahmad Qurashi | 8,51,64,001 | 17.01% | 8,51,64,001 | 17.01% |
| Guizar Ahmad | 6,08,97,987 | 12.16% | 6,08,97,987 | 12.16% |
| Parvez Alam | 1,65,99,240 | 3.31% | 1,65,99,240 | 3.31% |
| Mohammad Ashraf Qureshi | 8,51,64,001 | 17.01% | 8,51,64,001 | 17.01% |
| Waiid Ahmed (Seller) | 4,25,75,347 | 8.50% | 0 | 0.00% |
| Mohammad Mehmood Qureshi | 8,51,64,001 | 17.01% | 8,51,64,001 | 17.01% |
| Gulzeb Ahmed | 12,750 | 0.0025% | 12,750 | 0.0025% |
| Mohammad Kamil Qureshi (Acquirer) | 0 | 0.00% | 4,25,75,347 | 8.50% |
HMAAGRO Stock Price Movement
On Friday, HMA Agro Industries Limited shares rallied, closing at ₹22.23 after the equity gained 5.11%. The stock traded on a volume of 2.06 million shares, achieving an intraday high of ₹22.54.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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