HMA Agro Industries Secures Export Credit Facilities to Enhance Financial Flexibility

During a meeting on November 1, 2025, HMA Agro Industries Limited's Board of Directors approved a proposal to secure Export Credit Limit and Working Capital Facilities from Canara Bank, amounting to approximately Rs 70 crore. These facilities include Export Packing Credit (EPC), Foreign Bills Discounting (FBD), and Credit Exposure Limit (CEL), among others, subject to mutual agreement with the bank.

In addition, the Board approved the use of HDFC Bank's Commercial Card Programme. This programme will provide a credit facility in the company's name with a maximum limit of Rs 1 crore. This decision aligns with the company's strategy to enhance its financial flexibility and operational efficiency.

HMA Agro Industries Limited recently received an improved Long-Term Credit Rating of CARE A-; Stable from CARE Ratings Limited. The Short-Term Credit Rating was reaffirmed at CARE A2+. The company's overall Long-Term and Short-Term Bank Facilities have increased to Rs 931 crore from Rs 830 crore. However, Short-Term Bank Facilities were reduced to Rs 19 crore from Rs 20 crore.

The distribution of these rated facilities spans several banks: State Bank of India (Rs 430 crore), Yes Bank Ltd. (Rs 240 crore), HDFC Bank Ltd. (Rs 160 crore), and a proposed limit of Rs 101 crore. The State Bank of India exclusively holds the Short-Term Facility of Rs 19 crore.

HMA Agro Industries is a leading exporter of frozen buffalo meat and other agricultural products like fish, vegetables, and cereals. Established in 2008, it has grown significantly and is recognised as a Star Export House by the Indian government. The company markets its products globally under brands such as "Black Gold" and "Kamil".

The company commands an estimated 10-11% share of India's total frozen buffalo meat exports. Its products reach over 50 countries, including key markets in the Gulf Cooperation Council (GCC), Vietnam, Malaysia, Egypt, and other Middle Eastern, CIS, and African nations.

Operational Facilities and Standards

HMA Agro operates six fully integrated packaged meat processing facilities located in Aligarh, Mohali, Agra, Parbhani, Unnao, and Haryana. Additionally, it has two secondary processing facilities. The company adheres to stringent quality and safety standards, meeting global benchmarks with certifications like ISO 22000, FSSAI, HACCP, and Halal.

The reaffirmation of the "Stable" outlook by CARE Ratings reflects HMA Agro's robust financial health and operational stability. The rating agency reserves the right to adjust these ratings based on future developments or new information.

The official communication regarding these developments was signed by Nikhil Sundrani, Company Secretary and Compliance Officer. It was submitted to both BSE and NSE on October 29, 2025.