Viral posts on social media are falsely making claims that HMA Agro, a company that is bound for an initial public offering (IPO), is an exporter of cow meat.
This is false, since the company exports buffalo meat. Further, the export of cow meat is banned in India. The company makes both these points clear through the Red Herring Prospecus made available through the Securities and Exchange Board of India (SEBI) towards the company's potential IPO. The fact that cow meat exports are banned in India has also been outlined as part of the government's trade policy.
Further, the company is registered as an integrated abattoir and meat processing plant for the production of buffalo meat and derivative products from it with the Agricultural & Processed Food Products Export Development Authority (APEDA) under the Union Ministry of Commerce and Industry.
The claim on HMA Agro can be seen below. BOOM received it as a forward on its WhatsApp helpline.
"The company deals in cow meat processing and export", the claims states, also playing on the Muslim names of the promoters. Documents from the company show that these names are true.
This is also viral on social media.
Is this True.?
— Prashant Jaju (@Prashantjaju) June 11, 2023
IPO of HMA Agro is coming from 20th June.
To confuse public they have added Agro word with their name. But don't get confused.
This company deals in cow meat processing and export.
If true Forward this information to maximum number of groups..
IPO of HMA...
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