Hatsun Agro Product Limited has successfully completed its amalgamation with Milk Mantra Dairy Private Limited, marking a significant milestone in the company's expansion strategy. The merger received approval from the National Company Law Tribunal, Cuttack Bench, and has now been formally implemented with all regulatory filings completed as of March 31, 2026.

NCLT Approval and Implementation Timeline

The National Company Law Tribunal, Cuttack Bench sanctioned the Scheme of Amalgamation through an order dated March 10, 2026. Both the transferor company (Milk Mantra Dairy Private Limited) and transferee company (Hatsun Agro Product Limited) filed the tribunal order with their respective Registrar of Companies on March 31, 2026.

The effective date of the amalgamation has been set as April 1, 2025, meaning Milk Mantra Dairy Private Limited is deemed to have been merged with Hatsun Agro Product Limited from this appointed date.

Capital Structure Changes

Following the completion of the amalgamation scheme, Hatsun Agro Product Limited has implemented significant changes to its capital structure. The company's authorized share capital has been increased substantially to accommodate the merger.

The capital restructuring required amendments to the Capital Clause of the company's Memorandum of Association to reflect the new authorized share capital structure.

Regulatory Compliance and Documentation

The company has maintained full compliance with regulatory requirements throughout the amalgamation process. The final announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders.

This development follows a series of earlier intimations to the stock exchanges, demonstrating the company's commitment to transparent communication throughout the merger process.

Strategic Implications

The successful completion of this amalgamation represents a strategic consolidation for Hatsun Agro Product Limited in the dairy sector. With Milk Mantra Dairy Private Limited now fully integrated into its operations, the company is positioned to leverage combined resources and capabilities across its diverse portfolio of brands including Arun, Arokya, Hatsun, Ibaco, and others in the ice cream, dairy, and chocolate segments.

Hatsun Agro Product Limited has announced the transfer of unclaimed dividend and equity shares to the Investor Education and Protection Fund (IEPF) in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company issued a formal notice to stock exchanges on 21st March 2026, outlining the regulatory compliance measures undertaken.

Regulatory Compliance Notice

The company submitted its notice to both major stock exchanges, providing comprehensive details about the IEPF transfer process.

Newspaper Advertisement Publication

Hatsun Agro Product Limited published newspaper advertisements to inform shareholders about the transfer process. The company ensured wide reach by publishing in both English and regional language publications.

Transfer Criteria and Timeline

The transfer encompasses dividends that have remained unclaimed for seven consecutive years along with the corresponding equity shares. This action aligns with the provisions of SEBI regulations aimed at protecting investor interests through the IEPF mechanism.

Corporate Information

The notice was signed by C Subramaniam, Company Secretary and Compliance Officer, demonstrating the company's commitment to regulatory compliance. Hatsun Agro Product Limited operates with CIN L15499TN1986PLC012747 and maintains its registered office in Chennai, Tamil Nadu.

Brand Portfolio

The company operates multiple brands across dairy and ice cream segments, including Arun ice creams, Hatsun dairy products, Ibaco ice cream destination, and various other consumer brands in the food and beverage sector.