HMA Agro Sells Subsidiary FNS Agro Foods for ₹5.01 Cr

HMA Agro Industries Limited has executed a Share Sale Agreement to divest its entire shareholding in its subsidiary, FNS Agro Foods Limited. The agreement involves the sale of 8,95,593 equity shares at a consideration of ₹55.92 per share, totaling ₹5,00,81,560.56. The purchasers are members of the Company's Promoter/Promoter Group, making this a related party transaction. The divestment is conducted on an arm's length basis, with valuation determined by an independent Registered Valuer. Upon completion, FNS Agro Foods Limited will no longer be a subsidiary of HMA Agro Industries. The transaction is expected to be completed by September 30, 2026.