Merger3 Sept 2026, 09:00 pm
NCLT Approves Mawana Sugars' Scheme of Amalgamation
AI Summary
Mawana Sugars Limited announced that the National Company Law Tribunal (NCLT), Delhi Bench, has sanctioned the Scheme of Amalgamation between Mawana Foods Private Limited (Transferor Company) and Mawana Sugars Limited (Transferee Company). The approval, granted by the NCLT order dated September 3, 2026, is under Sections 230 to 232 of the Companies Act, 2013. This signifies a significant step in the corporate restructuring process for Mawana Sugars Limited, consolidating its operations and potentially streamlining its business structure. The full order from the NCLT has been provided as an annexure to the filing.
Key Highlights
- NCLT sanctions Scheme of Amalgamation for Mawana Sugars.
- Mawana Foods Private Limited is the transferor company.
- Mawana Sugars Limited is the transferee company.
- Approval granted under Companies Act, 2013 provisions.
- Scheme binding on companies, shareholders, and creditors.
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