Request received to reclassify Wajid Ahmed from Promoter and Promoter Group to Public category

HMA Agro Industries has received a request letter from Wajid Ahmed, shown as "Outgoing Promoter", to move from the "Promoter and Promoter Group" category to the "Public" category under Regulation 31A.

Sat 3 Oct 2026

Reclassification Request

from "Promoter and Promoter Group" category to the "Public" category under Regulation 31A

Shareholding Stated

Nil equity shares (Nil %)

Control Status

no control over the company

Voting Rights Confirmed

does not hold more than ten percent of the total voting rights in the company

Next Step

request will be placed before the Board at its ensuing meeting

What has happened

• HMA Agro Industries Ltd has informed the stock exchanges that it has received a request letter from Wajid Ahmed, described in the update as the "Outgoing Promoter".
• He has asked to be reclassified from the "Promoter and Promoter Group" category to the "Public" category in the company's shareholding pattern.
• The request has been made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What "reclassification" means

• Every listed company's shareholding pattern separates shares held by promoters and their group from shares held by the public.
• A person shown in the promoter group can ask to be moved to the public category if he or she no longer has control over, or a role in, the company.
• If approved, that person is no longer counted among the promoters for shareholding disclosures.

What the promoter's letter states

• He states that he holds Nil equity shares, representing Nil % of the paid-up equity share capital of the company.
• He states that he does not exercise control over the affairs of the company, directly or indirectly.
• He states that he does not directly or indirectly participate in management or policy decisions.
• He states that he has no representation on the Board of Directors, including no nominee director, and no special rights through formal or informal arrangements such as shareholder agreements.
• He states that he is not acting as a key managerial person of the company.
• He confirms that he is neither a wilful defaulter nor a fugitive economic offender as per Reserve Bank of India guidelines.
• He confirms that as on the date of the letter, he does not hold more than ten percent of the total voting rights in the company.
• He confirms that he will abide by the applicable conditions in Regulation 31A(4) after receipt of approval for the reclassification.

What happens next

• The company says the request will be placed before the Board of Directors at its ensuing meeting.
• The company says it will accordingly apply for or obtain the requisite approvals.
• The promoter says he will provide the information and documents that may be required for the reclassification.

What it means for investors

• The update is an intimation that a request has been received; the change in category would follow the company's approval process.
• The person requesting the change states that he holds Nil equity shares and Nil % of the paid-up equity share capital, so the request is about how shareholding is categorised rather than any sale or purchase of shares by him.

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