Merger3 Sept 2026, 05:10 pm
NCLT Sanctions Mawana Sugars Amalgamation Scheme
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 and Mawana Sugars Limited. This order, pronounced on September 3, 2026, is pursuant to Sections 230 to 232 of the Companies Act, 2013. The company will submit the official order to the stock exchanges once it is uploaded on the NCLT website. This marks a significant step in the amalgamation process.
Key Highlights
- NCLT sanctions amalgamation scheme between Mawana Foods and Mawana Sugars.
- Order pronounced on September 3, 2026, under Companies Act, 2013.
- Scheme involves respective shareholders and creditors.
- Official order to be submitted to exchanges post-NCLT website upload.
Price Impact
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