Penny Stock Under Rs 50 In Green After Entering Into Facilities Agreements with Marya Frozen Agro Food Products Pvt Ltd
The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent.
On Wednesday, the shares of HMA Agro Industries Ltd gained 3.43 per cent to Rs 32.23 per share from its previous closing of Rs 31.16 per share. The stock’s 52-week high is Rs 72.01 per share and its 52-week low of Rs 30 per share.
HMA Agro Industries Limited has formalized Facilities Agreements with Marya Frozen Agro Food Products Private Limited to secure access to essential infrastructure for their frozen halal boneless buffalo meat operations. This agreement allows HMA Agro to utilize MARYA FROZEN's facilities for slaughtering, chilling, processing, freezing, and packing, thereby expanding their production capabilities. The agreement, as disclosed under SEBI Listing Regulations, details that MARYA FROZEN possesses a processing capacity of 298.00 MT per day. The arrangement is structured for a term of two years, commencing on March 3, 2025, and stipulates that MARYA FROZEN will handle all necessary certifications and insurance for their manufacturing facility.
Crucially, HMA Agro Industries Limited maintains no shareholding in Marya Frozen Agro Food Products Private Limited, and the latter is not related to the promoter, promoter group, or group companies of HMA Agro. Consequently, the transaction does not fall under related party transaction regulations. The agreement's significant terms include MARYA FROZEN's responsibility for obtaining required processing certificates and insurance coverage while HMA Agro gains access to their processing facilities. The agreement does not include special rights such as director appointments or capital structure alterations.
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About the Company
HMA Agro Industries Ltd, founded in 2008, is a leading Indian food trade company specializing in handling and exporting a variety of food and agricultural products. They are one of the biggest exporters of frozen buffalo meat in India, accounting for over 10 per cent of the nation's total exports in this category. Its offerings include frozen fresh buffalo meat, prepared and frozen natural products, vegetables, and cereals. The company's brands "Black Gold", "Kamil", and "HMA" are shipped to over 40 countries around the world. HMA Agro Industries has a strong focus on meat processing, operating four integrated plants in Aligarh, Mohali, Agra, and Parbhani, with plans to expand by setting up a fifth facility in Haryana.
The company has a market cap of over Rs 1,600 crore. The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.