Promoter in HMA Agro Industries Limited completes inter-se transfer of shares
HMA Agro Industries Limited has seen an inter-se transfer of equity shares among its promoter group members. Wajid Ahmed, a member of the promoter group, transferred 42,575,347 equity shares to Mohammad Kamil Qureshi, who is also part of the promoter group.The transaction, which was conducted through a gift deed, involved the transfer of 42,575,347 Equity Shares representing an 8.50% holding in HMA Agro Industries Limited. This move saw Wajid Ahmed's holding reduced to zero percent, as the shares were gifted to Mohammad Kamil Qureshi.
The details regarding this inter-se transfer are documented as follows:
| Transaction Detail | Details |
|---|---|
| Target Company | HMA Agro Industries Limited |
| Shares Transferred (Number) | 42,575,347 |
| Percentage of Holding | 8.50% |
| Nature of Transfer | Off-Market Inter-Se-Transfer between Immediate Relative (by way of Gift) |
The transfer involves members of the Promoter Group of HMA Agro Industries Limited. Prior to the transaction, Wajid Ahmed held 42,575,347 shares, which accounted for 8.50% of the company's total voting capital. Following the acquisition, Mohammad Kamil Qureshi holds these shares.
Promoter Group Shareholding Details
The following table details the shareholding status of key members in relation to this transaction:
| Member | Role in Transaction | Pre-Transaction Holding (Shares) | Post-Transaction Holding (Shares) |
|---|---|---|---|
| Wajid Ahmed | Seller/Transferor | 42,575,347 | 0 |
| Mohammad Kamil Qureshi | Acquirer/Donee | 0 | 42,575,347 |
The total equity share capital and voting capital of HMA Agro Industries Limited remained constant at Rs. 50,07,69,770 (50,07,69,770 Fully Paid Equity Shares of Re.1/- Each) both before and after the transaction.
HMAAGRO Stock Price Movement
Shares of HMA Agro Industries Limited shed 0.32% in post-market trading today, closing at ₹22.02 after falling ₹0.07 from the previous close. The equity traded a volume of 1.22 million shares during the session.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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