HMA AGRO : MD & CEO STEP DOWN ЁЯСФ
тАв Mohammad Mehmood Qureshi has resigned as Managing Director and Director
тАв Resignation effective from close of business hours on June 2, 2026
тАв Reason cited: Pre-occupation with other professional assignments
тАв Gulzeb Ahmed has retired as Whole-Time Director and Chief Executive Officer (CEO)
тАв Retirement effective from close of business hours on June 2, 2026
тАв Gulzeb Ahmed expressed unwillingness to continue for the next term
тАв Simultaneous exit of both MD and CEO marks a key leadership transition at the company
тАв Management succession and replacement announcements will be closely watched by investors ЁЯСА
*Stocks in News*
*John Cockerill:* Company has secured major order from JSW Vijayanagar Metallics valued at approximately тВ╣1,250тАУ1,300 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:* CompanyтАЩs arm bags тВ╣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 тВ╣1,242.50 Cr. (Positive)
*Hexaware Technologies:* Company has enhanced its AgentverseтДвя╕П 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 тВ╣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 тВ╣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 тАШDelhivery Fintech DistributionтАЩ 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)
MARKET CUES
GIFT Nifty Lower, Indicates A Gap-down Start For The Indian Market
GIFT Nifty Trading At A Discount Of 130 pts From Nifty Fut Tuesday’s Close
US Futures Flat, S&P 500 Closes At Another Record
Bitcoin Falls Below $70,000 For The First Time Since April Amid Deteriorating Mkt Sentiment
Trump Admin Proposes 25% Tariff On Brazilian Goods Over Unfair Trade Practices
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