Final Dividend On Cards? Board of This FMCG Company To Decide On August 4

The Board of Directors of HMA Agro Industries Limited has scheduled a meeting on August 4, 2025, to deliberate and approve a number of significant matters. The adoption of the Business Responsibility and Sustainability Report (BRSR), the Annual Report for FY 2024-2025, and other necessary disclosures are on the agenda. Additionally, the Board will prepare the Notice for the 17th Annual General Meeting (AGM), and also the Board will decide on the record date for eligible shareholders and consider proposing a final dividend for FY 2024-2025.

The appointment of M/s R.C. Sharma & Associates as a secretarial auditor for a five-year term, the approval of significant related party transactions, the appointment of a scrutinizer for the AGM, and the nomination of Ms. Bhawna Jain as a non-executive independent director are among the other items on the agenda.

Strengthening its worldwide reach, HMA Agro has announced a strategic Memorandum of Understanding (MoU) with Malaysia's well-known government agency PKPS. The deal, which was sealed with the Selangor Chief Minister present, enables the company to tap into Malaysia's increasing demand for protein. The alliance is due to strengthen HMA's business positioning and standing with existing and prospective clients against the backdrop of the market. Malaysia is already one of HMA's largest overseas purchasers.

Aside from the Malaysian expansion, the company has already received regulatory approval to sell its products to the Philippines, opening access to a fresh export market. With this acquisition, HMA Agro now also caters to around 50 countries globally, with a key target to cross the $1 billion revenue mark.

For meeting its export commitments and working capital needs, the Board of Directors has approved a proposal to avail EPC facilities upto Rs 100 crore from Punjab National Bank (PNB) with an increase in credit exposure from PNB, subject to the final documentation and approval.

HMA Agro Industries Ltd HMA Agro Industries Ltd was founded in 2008 and is among the most important frozen buffalo meat exporters from India, contributing to over 10% of total exports of frozen buffalo meat from India. The product range offered by the company comprises frozen buffalo meat, processed vegetables, cereals and other processed food items marketed under the brands "Black Gold," "Kamil" and "HMA." It currently runs four state-of-the-art integrated meat processing plants in Aligarh, Mohali, Agra and Parbhani, and is in the process of establishing a fifth plant in Awasthi in Haryana to cater to the growing meat business.