HMA Agro Industries Ltd

Promoter reclassification approval

• Board approved reclassification of Wajid Ahmed from Promoter to Public under Regulation 31A.
• Approval is subject to stock exchanges’ and other necessary approvals.
• Outgoing promoter holds NIL equity and less than 10% voting rights.
• Not involved in management or key managerial personnel.
• Family Settlement Agreement dated Sept 20, 2026; outgoing promoter letter dated Oct 03, 2026.
• Reclassification not intended to meet Minimum Public Shareholding.
• Trading not suspended; no outstanding dues to SEBI/exchanges/depositories.
• Views documented in Annexure I; board decision date Oct 15, 2026.

Promoter Reclassification

• Board approved reclassification of Wajid Ahmed from Promoter to Public under Reg 31A, subject to stock exchange approvals.
• Outgoing promoter holds NIL equity and <10% voting rights; not involved in management or KMP.
• Family Settlement Agreement dated Sept 20, 2026; promoter to hold no shares or control.
• Board noted compliance with Minimum Public Shareholding; reclassification not for achieving MPSH.
• Reclassification subject to stock exchange approvals and any other necessary approvals.

Rating action

• LT/ST bank facilities ₹1,731 crore; CARE A- (Stable) / CARE A2+; Reaffirmed.
• Short-term facilities ₹19 crore; CARE A2+; Reaffirmed.
• Enhanced from ₹1,231 crore to ₹1,731 crore.
• Total facilities ₹1,750 crore.

Agency and rationale

• Agency: CARE Ratings Limited.
• Rationale: FY26 audited and Q1FY27 unaudited performance.

Outlook & material change

• Outlook: Stable for the long-term rating.
• Material change: facility enhancement increased sanctioned limits.

HMA Agro Industries Limited — Trading Window closed from Oct 1, 2026 till 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ending September 30, 2026.

HMA Agro Industries Limited - Trading Window closed from October 1, 2026 till 48 hours after the declaration of the Un-Audited Financial Results for the quarter and half year ending September 30, 2026

AGM Details

• AGM held on 18 September 2026 at 3:30 PM via VC/OAVM.
• Meeting concluded around 4:55 PM.
• Voting rights reckoned as of 11 September 2026.

Resolution 1 – Adoption of financial statements

• Ordinary resolution adopted; standalone and consolidated financial statements approved.

Resolution 2 – Re-appointment of Viswambharan Parameswaran

• Ordinary resolution passed; reappointed by rotation as director.

Resolution 3 – Appointment of Statutory Auditors

• Ordinary resolution passed; appointment of M/S VAA & Associates as statutory auditors.

Resolution 4 – MD/Chairman remuneration

• Ordinary resolution passed; remuneration for Chairperson and Managing Director increased.

Resolution 5 – Borrowing power

• Special resolution passed; borrowing power under section 180(1)(c approved.

Resolution 6 – Creation of charges on assets

• Special resolution passed; authority to create charges on movable and immovable properties.

Resolution 7 – Threshold for loans and investments

• Special resolution passed; higher threshold for loans, guarantees, securities and investments under Section 186.

Dividend

• No dividend proposed or approved.

Material Related Party Transactions

• No material RPTs approved during AGM.

AGM details

• Date, time, and mode: 18 September 2026, 03:30 PM, via VC/OAVM.
• Voting rights cut-off: 11 September 2026.
• Notice date: 25 August 2026.

Key resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated annual audited financial statements.
• Resolution 2 (Ordinary): Re-appointment of Viswambharan Parameswaran by rotation.
• Resolution 3 (Ordinary): Appointment of M/S VAA & Associates as Statutory Auditors.
• Resolution 4 (Ordinary): Increase in remuneration of CMD Gulzar Ahmad.
• Resolution 5 (Special): Fixation of Borrowing Power of the Board.
• Resolution 6 (Special): Authorization to create charges on assets.
• Resolution 7 (Special): Increase in threshold for loans/guarantees and investments under Section 186.

Voting results

• Resolution 1: Passed with requisite majority.
• Resolution 2: Passed; dissent 0.0064%.
• Resolution 3: Passed; dissent 0.0031%.
• Resolution 4: Passed; dissent 0.3798%.
• Resolution 5: Passed; dissent 0.0028%.
• Resolution 6: Passed; dissent 0.0033%.
• Resolution 7: Passed; dissent 0.0061%.

Director changes

• Re-appointment by rotation of Viswambharan Parameswaran (DIN 09822921) as Director.

Auditor appointments

• Appointment of M/S VAA & Associates as Statutory Auditors.

Other material approvals

• Special approvals cover borrowings, charges on assets, and investments under Section 186.

Cessation: MAPSS and Company

• MAPSS and Company completes five-year tenure; ends Sept 18, 2026; new auditor VAA & Associates appointed.

No changes to Board or Key Managerial Personnel reported in this filing