HMA Agro Industries has announced key decisions taken during its board meeting on September 30, 2024. The board approved the enhancement of the company’s existing credit limit with the State Bank of India, revising it to ₹4.49 billion. This increase is aimed at strengthening the company’s working capital and supporting its growth objectives. The revised credit limit covers various facilities, including Export Packing Credit (EPC), Foreign Bill Discounting (FBD), and Credit Exposure Limit (CEL).

Additionally, the board has approved the disinvestment of its entire shareholding in its subsidiary, Indus Farmers Food Co. LLP. The meeting also noted CSR expenses incurred by the company from July to September 2024 and approved opening a Demat account with Central Depository Services (India) Limited (CDSL) through IIFL Securities Limited.

HMA Agro Industries’ board meeting held on September 30, 2024, resulted in key decisions:

  1. Disinvestment in Subsidiary: The company approved the disinvestment of its entire shareholding in Indus Farmers Food Co. LLP.
  2. Enhancement of Credit Limit: The board approved the enhancement of the existing credit limit from the State Bank of India to ₹449 crore. This increase aims to support the company’s operational and financial needs.
  3. Other Notables: The meeting also covered the approval of opening a Demat account with CDSL through IIFL Securities Limited and a discussion of the company’s Corporate Social Responsibility (CSR) expenses for the quarter from July to September 2024.
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