Mawana Sugars Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, in compliance with recent SEBI regulations. The initiative aims to facilitate shareholders who faced difficulties with share transfers in the past due to various deficiencies.

Regulatory Compliance and Timeline

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The facility will remain operational for a full year, from February 05, 2026 to February 04, 2027.

Scope of Coverage

The special window covers physical securities that were sold or purchased prior to April 01, 2019 and were previously rejected, returned, or not attended due to deficiencies. This includes transfer requests that were submitted earlier but could not be processed successfully due to various issues.

Public Notice and Communication

Mawana Sugars Limited has fulfilled its disclosure obligations by publishing newspaper notices on March 27, 2026. The company communicated this development to both major stock exchanges where its shares are listed.

Processing Requirements

All transfers processed under this special window will be executed exclusively in dematerialised form. Additionally, these transfers will be subject to a lock-in period of one year from the date of registration of transfer, as mandated by SEBI guidelines.

Contact Information

Shareholders seeking assistance or additional information can contact the company directly at corporate@mawanasugars.com or reach out to the Registrar and Transfer Agent, MAS Services Limited, located at T-34, Okhla Industrial Area, Phase-II, New Delhi - 110020. The RTA can be contacted at Phone No.: 011-26387281-83 or via email at investor@masserv.com .

The announcement was signed by Ashok Kumar Shukla, Company Secretary (ACS-29673), and represents the company's commitment to facilitating smooth share transfer processes for its shareholders while ensuring compliance with regulatory requirements.

Mawana Sugars Limited has received approval from the National Company Law Tribunal (NCLT) New Delhi for the admission of its second motion petition regarding the scheme of amalgamation with Mawana Foods Private Limited. Following the tribunal's order on March 18, 2026, the company has now fulfilled its mandatory publication requirements by publishing newspaper advertisements on March 21, 2026.

NCLT Order and Compliance Update

The NCLT New Delhi Bench, comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh, admitted the petition filed under Sections 230 to 232 of the Companies Act, 2013. The company has now complied with the tribunal's directive by publishing the required newspaper advertisements.

Publication Requirements Fulfilled

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mawana Sugars has informed both BSE Limited (Scrip Code: 523371) and National Stock Exchange of India Ltd (Scrip Symbol: MAWANASUG) about the newspaper publication.

The advertisements have been published in the following newspapers as mandated by the tribunal:

Authority Notification and Response Timeline

The tribunal has mandated service of notices to various statutory authorities including Securities and Exchange Board of India (SEBI), BSE Limited and National Stock Exchange of India Limited, Ministry of Corporate Affairs through Regional Directors, Registrar of Companies (ROC), Income Tax authorities, and Official Liquidators.

Under Section 230(5) of the Companies Act, 2013, all notified authorities have 30 days from the date of receipt of notice to submit their representations regarding the proposed amalgamation scheme. The tribunal has clarified that failure to respond within this period will be presumed as having no objections to the proposal.

Next Steps and Timeline

The companies must file affidavits evidencing proof of service within 7 days of serving notices to the authorities. The matter has been listed for further proceedings on May 13, 2026, when the tribunal will consider any representations received from the statutory authorities and proceed with the final hearing of the amalgamation scheme.

This development represents the continuation of the amalgamation process that began with the first motion petition (CA(CAA)-80/ND/2025) passed on December 18, 2025, where meetings of unsecured creditors and equity shareholders were ordered and other meetings were dispensed with.