Stock market update: HMA Agro Industries shares in focus as company shares these major updates
GH News April 23, 2025 07:06 PM
Shares of HMA Agro Industries a frozen meat exporter are in focus today as the company has shared several major updates in an exchange Filing. The stock opened in green today at Rs 34.08 against the previous close of Rs 33.15 on the BSE. It gained further to touch the intraday high of Rs 34.70 - a gain of 4.6 per cent from the previous close. Last seen the counter held firmly in green at Rs 34.38. The 52-week high of the stock is Rs 64.89 and the 52-week low is Rs 27.54. The market cap of the company is Rs 1721.65 crore. Company shares several updates On April 22 the board of the company announced several major corporate decisions which has again increased the confidence of investors. Related Party Transactions (RPTs): HMA Agro Industries has approved Related Party Transactions in the board meeting. This transaction will be done with the group companies of the company in the financial year 2025-26 which will further strengthen the business of the company. Conversion of Loan into Equity Shares in Subsidiary Company: The Board has approved the proposal for conversion of outstanding loan into equity shares in one of the Company’s subsidiary i.e. HMA Natural Foods Private Limited in accordance with the applicable laws and provisions. Credit Rating Assigned by CARE Ratings Limited: The Board took note of the credit rating assigned by CARE Ratings Limited wherein the short-term rating has been assigned as CARE A2+ for the financial year 2025-26. The rating reflects the Company’s strong liquidity position operational performance and healthy business outlook. Review and Noting of Statutory and Regulatory Compliances: The Board has considered and took note of the various statutory and regulatory compliances required to be fulfilled under the Companies Act 2013 and rules made thereunder along with applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the financial year 2025–26. The Board directed those appropriate steps be taken to ensure timely and due compliance. Appointment of Chief Executive Officer Approved the appointment of Gulzeb Ahmed as the Chief Executive Officer (CEO) of the Company with immediate effect in accordance with the provisions of Section 203 of the Companies Act 2013 and applicable rules made thereunder.
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