HMA AGRO : MD & CEO STEP DOWN 👔
• Mohammad Mehmood Qureshi has resigned as Managing Director and Director
• Resignation effective from close of business hours on June 2, 2026
• Reason cited: Pre-occupation with other professional assignments
• Gulzeb Ahmed has retired as Whole-Time Director and Chief Executive Officer (CEO)
• Retirement effective from close of business hours on June 2, 2026
• Gulzeb Ahmed expressed unwillingness to continue for the next term
• Simultaneous exit of both MD and CEO marks a key leadership transition at the company
• Management succession and replacement announcements will be closely watched by investors 👀
*Stocks in News*
*John Cockerill:* Company has secured major order from JSW Vijayanagar Metallics valued at approximately ₹1,250–1,300 Cr. (Positive)
*Blue Cloud:* Company informed that 196.7 acres of contiguous land identified in Chhatrapur, Odisha for expansion. (Positive)
*B.R. Goyal Infrastructure:* Company receives Rs 118 crore NHAI work order for Kathpur fee plaza in Gujarat. (Positive)
*Concord Biotech:* Company receives USFDA approval for mycophenolate mofetil oral suspension anda; targets approx. Rs. 285 crore market opportunity. (Positive)
*Sharika Enterprises:* Company receives work order under Uttarakhand’s Ganga corridor RDSS scheme for SCADA, RTU, FRTU and distribution automation infrastructure (Positive)
*ABFRL:* Caladium Investment Pte. Ltd. has acquired 26,32,904 shares, representing 0.22% of total share capital. (Positive)
*Adani Ports:* Company has reported a cargo volume of 48.3 MMT in May ’26, marking a 16% YoY increase. (Positive)
*Concord Enviro:* Company’s arm bags ₹16-cr order for zero liquid discharge systems. (Positive)
*Advait Energy:* Company has executed 150 MW/300 MWh standalone Battery Energy Storage System (BESS) project near GETCO’s 220kV Bhesan substation in Gujarat. (Positive)
*Aequs Ltd:* Subsidiary company secures incentives under Karnataka’s Special Incentives Scheme for ESDM Sector 2020-2030. (Positive)
*Pondy Oxides:* Company has expanded lead recycling capacity by 55% to 204,000 MT/year and doubled copper capacity to 12,000 MT/year. (Positive)
*Prozone Realty:* Shareholders approved the disinvestment of its subsidiaries. The sale consideration is up to ₹1,242.50 Cr. (Positive)
*Hexaware Technologies:* Company has enhanced its Agentverse™️ platform with new governance, development, & lifecycle management features. (Positive)
*Borosil Renewables, Asahi India Glass:* Counter-Vailing Duty (CVD) put on Textured Tempered Glass (Positive)
*Epack Prefab:* Company secures an order worth Rs. 165 crore for supply of cells and modules. (Positive)
*Restaurant Brands Asia:* Company will allot shares worth Rs. 900 crore and warrants worth Rs. 600 crore to Lenexis Foodworks. (Positive)
*V-Mart Retail:* Company has announced that ICRA has reaffirmed its credit ratings for the company’s bank facilities (Neutral)
*Canara Bank:* Board of Directors approved a capital raising plan of upto ₹8,500 Crore for FY27 via debt instruments (Neutral)
*Sayaji Hotels:* Company has received a reaffirmation of its credit ratings from CRISIL Ratings Limited (Neutral)
*Dhanuka Agri:* The buyback offer opens on June 04, 2026 & closes on June 10, 2026 (Neutral)
*Hind Copper:* Mr Shyam Sundar Sethi has been designated as Executive Director (Operations) – Production. (Neutral)
*Elantas Beck:* Company has approved an investment of ₹56 Cr towards expansion of manufacturing capacity at its Ankleshwar plant. (Neutral)
*PFC:* Shri V. Packirisamy has assumed charge as Director (Commercial) on the Board. (Neutral)
*NHPC:* OFS expanded to 6% as government exercises full 3% oversubscription option. (Neutral)
*La Tim Metal:* Company acquires 50.1% stake in La Proviso Buildcon LLP, making it a subsidiary (Neutral)
*Protean eGov:* Ajay Rajan takes over as MD & CEO, while V Easwaran ceases to be Interim CEO. (Neutral)
*Manas Polymers & Energies:* Company approves incorporation of wholly owned subsidiary in Dubai to drive global expansion. (Neutral)
*Delhivery:* Company incorporates wholly owned subsidiary ‘Delhivery Fintech Distribution’ to expand fintech operations. (Neutral)
*Indian Overseas Bank:* Company receives IFSCA licence to set up IFSC banking unit at Gift City, Gujarat (Neutral)
*Delhivery:* Company will incorporate a new subsidiary, Delhivery Fintech Distribution. (Neutral)
*Elpro International:* Company acquires 92,000 shares in Jana Small Finance Bank. (Neutral)
*Onix Solar Energy:* Company approves allotment of 1.2 crore shares aggregating Rs. 60.2 crore. (Neutral)
*String Metaverse:* Ghanshyam Das resigns as Chairman. The company appoints Dr. Sethurathnam Ravi as the new Chairman. (Neutral)
*Wipro:* Company completes acquisition of an additional 20% stake in Aggne Global Inc. (Neutral)
*Infosys:* Company expands strategic collaboration with DNB Bank to modernize financial crime operations (Neutral)
*Kalpataru:* Company withdraws the proposed Project Magnus demerger. (Neutral)
*InterGlobe Aviation:* Company said to discontinue flights to and from Manchester effective August 31, citing a challenging cost and operational environment. (Neutral)
*Neogen Chemicals:* Axis Mutual Fund sold 2.6 lk shares at Rs. 1,788.0 per share. (Neutral)
List of stocks included in the Long term ASM Framework: Wockpharma. (Neutral)
List of stocks included in the short term ASM Framework: Aditya Info, Kernex Micro, V Marc, Yasho Industries. (Neutral)
List of stocks excluded from ASM Framework: Shaily Engineering Plastics, KDDL. (Neutral)
Circuit filter change from 10% to 5%: Dynacons. (Neutral)
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