HMA Agro to divest entire stake in subsidiary FNS Agro Foods

HMA Agro Industries Ltd announced that its Board of Directors has approved the divestment of its entire equity shareholding in its subsidiary, FNS Agro Foods Limited. The company proposes to sell 8,95,593 equity shares, representing 100% of FNS Agro Foods' paid-up capital, to individuals identified as promoters/relatives of promoters. This transaction is classified as a Related Party Transaction and has received approval from the Audit Committee. The agreement for sale is expected to be executed on September 9, 2026, with completion anticipated by September 30, 2026. The aggregate consideration for the sale is ₹5,00,81,560.56. FNS Agro Foods had a turnover of Nil and a net worth of ₹48.81 million as of March 31, 2026, contributing 0.51% to HMA Agro's net worth.