BSE has announced an Offer for Sale (OFS) by promoters of HMA Agro Industries Limited. The sellers — Zulfiqar Ahmad Qureshi, Mohammad Ashraf Qureshi, Mohammad Mehmood Qureshi, Gulzar Ahmad, and Wajid Ahmed — propose to sell up to 3,31,81,173 equity shares (approximately 6.63% of total issued and paid-up equity share capital) at a floor price of Rs.18 per equity share through BSE’s designated OFS window.

Key Points

• Up to 3,31,81,173 equity shares of face value Re.1 each are being offered for sale
• The offer represents approximately 6.63% of total issued and paid-up equity share capital
• Floor price is set at Rs.18 per equity share
• OFS will be conducted through BSE’s separate, designated OFS window
• Five promoters collectively act as sellers in this OFS
• Trading members and custodians should refer to revised OFS guidelines per earlier BSE notices

Regulatory Changes

No new regulatory changes are introduced. The OFS is conducted under existing frameworks:

• BSE notice nos. 20190118-43, 20200701-27, 20230127-14, and 20240701-19 (Revised Guidelines for Bidding in OFS Segment)
• SEBI circular SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 (Review of OFS through Stock Exchange Mechanism)
• SEBI circular SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023 (Comprehensive Framework on OFS)
• SEBI circular SEBI/HO/MRD/MRD-PoD3/P/CIR/2024/82 dated June 14, 2024 (OFS to Employees Framework)

Compliance Requirements

• Trading members and custodians must follow existing OFS bidding guidelines as outlined in referenced BSE notices
• Non-retail investors may participate on T Day (April 09, 2026)
• Retail investors may participate on T+1 Day (April 10, 2026)
• Non-retail investors with unallotted bids from T Day may carry forward bids to T+1 Day
• Market participants should monitor BSE website (www.bseindia.com) for OFS details disseminated by the Exchange

Important Dates

• Notice Date: April 08, 2026
• T Day (Non-Retail Investors only): April 09, 2026
• T+1 Day (Retail Investors + Non-Retail carryforward): April 10, 2026

Impact Assessment

This OFS represents a moderate market event. The sale of ~6.63% promoter stake at a floor price of Rs.18 per share could exert short-term downward pressure on HMA Agro Industries Limited’s stock price. Retail investors gain access on T+1 Day, broadening participation. The offer size of over 3.31 crore shares is significant and may affect liquidity in the stock during the OFS window. Investors should assess the floor price relative to prevailing market price before participating.

BSE has issued the live activity schedule for the Offer for Sale (OFS) of shares of HMA Agro Industries Limited (Symbol: HMAAGRO, Code: 543929, ISIN: INE0ECP01024). The OFS is scheduled across two days: April 9, 2026 (T Day) for Institutional, Insurance, Mutual Fund, and Non-Institutional Investors, and April 10, 2026 (T+1 Day) for Retail Investors (RI/RIC) and carry-forward bidders. The floor price is set at Rs 18.00 per share with allocation via Price Priority Method.

Key Points

• Security: HMA Agro Industries Limited | Symbol: HMAAGRO | Code: 543929 | ISIN: INE0ECP01024
• Total Offer Size: 3,31,81,173 shares
• Retail Reservation (10%): 33,18,117 shares
• Non-Retail Offer Size: 2,98,63,056 shares
• Floor Price: Rs 18.00 per share
• Face Value: Rs 1.00 | Tick Size: Rs 0.01 | Market Lot: 1 share
• Allocation Methodology: Price Priority Method
• Bid Entry (IC/MF/OTH/NII): April 9, 2026 — 9:15 AM to 3:30 PM
• Bid Entry (RI/RIC): April 10, 2026 — 9:15 AM to 3:30 PM
• Give-up/Take-up Deadline: April 13, 2026, up to 7:30 AM (T+2)
• Platform: iBBS (https://ibbs.bseindia.com/ or leased line https://ibbsll.bseindia.com/)

Regulatory Changes

No new regulatory changes introduced. This notice follows standard BSE OFS framework guidelines including existing provisions for 0% margin bids for Institutional Investors and the option for unallocated T-day bidders to carry forward bids to T+1.

Compliance Requirements

• Trading Members and Custodian Members must note and adhere to the session timings and bidding schedules.
• Retail Investors (individuals, HUF, NRI with bid value up to Rs 2 lakh) must bid in RI or RIC category with 100% upfront margin in cash/cash equivalents on T+1 (April 10, 2026).
• Non-Institutional Investors (individuals, HUF, TRUST, Body Corporates, PMS) must bid in NII category with 100% upfront cash margin on T Day (April 9, 2026).
• Institutional Investors (MF, IC, OTHS) may bid with either 100% upfront margin or 0% margin; 0% margin bids may be carried forward from T to T+1.
• Members must access the iBBS platform and RTRMS via approved URLs; leased line settings per Exchange Circular No. 20170503-12.

Important Dates

Impact Assessment

This circular is operationally significant for trading members, custodian members, and investors who intend to participate in the HMA Agro Industries OFS. The offer size of over 3.3 crore shares at a floor price of Rs 18.00 represents a mid-scale OFS. The two-day structure (T for institutional, T+1 for retail) is standard BSE OFS practice. Retail investors have flexibility to bid in RI, RIC, or NII categories. Members must ensure platform readiness on iBBS and RTRMS ahead of the April 9 opening. No broader market-wide regulatory impact is anticipated.

NSE Clearing Limited has announced the settlement calendar for the Offer for Sale (OFS) of shares of HMA Agro Industries Limited. The OFS spans two order dates — April 9, 2026 (non-retail) and April 10, 2026 (retail and non-retail) — with settlements on April 10 and April 13, 2026 respectively. Settlement follows existing secondary market transaction rules as per circular NCL/CMPT/67751 dated April 29, 2025.

Key Points

• OFS settlement is governed by existing secondary market transaction rules
• Two settlement numbers: 2026066 (order date April 9) and 2026067 (order date April 10)
• Non-retail (IS) category requires 100% margin with custodial confirmation by 3:30 PM; 0% margin variant has confirmation by 7:30 AM next day
• Retail (RS) category under settlement 2026067 requires 100% margin with no custodial confirmation (NA)
• Funds pay-in deadline: T+1 day by 11:00 AM
• Securities and funds pay-out: T+1 day by 1:30 PM
• Applicable STT and stamp duty will be collected on the respective settlement day

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes existing OFS settlement rules (per NCL/CMPT/67751 dated April 29, 2025) for this specific OFS transaction.

Compliance Requirements

• Members and custodians must adhere to the specified settlement calendar and timings
• Custodians must confirm non-retail (IS) transactions by the specified confirmation times (3:30 PM or 7:30 AM as applicable)
• Funds pay-in must be completed by T+1 day 11:00 AM
• STT and stamp duty obligations must be met on the respective settlement days
• For queries, contact the NSE Clearing helpdesk at 1800 266 0050 (Option 2) or ofs_ncl@nsccl.co.in

Important Dates

Impact Assessment

This circular has a targeted operational impact on members, custodians, and PCMs (Professional Clearing Members) participating in the HMA Agro Industries Limited OFS. Retail investors are subject to 100% upfront margin with no custodial confirmation required. Non-retail/institutional participants have two margin options (100% with same-day custodial confirmation, or 0% with next-day morning confirmation). The short settlement window (T+1) requires prompt action from all participating entities. Broader market impact is limited to participants in this specific OFS.