Mawana Sugars Limited has received a significant regulatory approval from the National Company Law Tribunal (NCLT) for its proposed amalgamation with wholly-owned subsidiary Mawana Foods Private Limited. The NCLT New Delhi Bench issued an order on December 18, 2025, allowing the company's first motion application for the scheme of amalgamation.

NCLT Order Details

Meeting Requirements and Dispensations

The NCLT has directed specific actions for both companies involved in the amalgamation. For Mawana Foods Private Limited (transferor company), meetings have been dispensed with due to unanimous consent from stakeholders.

Shareholder and Creditor Meetings for Mawana Sugars

For Mawana Sugars Limited (transferee company), the NCLT has mandated meetings for equity shareholders and unsecured creditors to consider and approve the proposed scheme.

Appointed Officials and Procedures

The tribunal has appointed key officials to oversee the meeting process. Adv. Aditya Dewan has been designated as Chairperson for the meetings, while Adv. Sameer Ali will serve as Scrutinizer. The chairperson fee is set at ₹1.50 lakh, with the scrutinizer receiving ₹50,000 plus incidental expenses.

Notices for the meetings must be issued at least 30 days in advance, with publication requirements in Business Standard (English and Hindi, Delhi editions). The company must also publish notices on its website along with the proposed scheme details.

Previous Tax Matter Context

Earlier, the company had received a tax demand notice of ₹1.57 crore from Nagar Palika Parishad, Mawana, covering house tax and water tax for financial years 2018-19 to 2024-25, with a payment deadline of March 2026 and potential 20% surcharge for delays.

Regulatory Compliance

This disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent stakeholder communication regarding material corporate developments.

Mawana Sugars Limited (MSL) has informed stock exchanges about a significant development in its proposed amalgamation with its subsidiary, Mawana Foods Private Limited. The company announced that the National Company Law Tribunal (NCLT) Delhi has reserved its order regarding the first motion application for the scheme of amalgamation.

Key Details of the Announcement

Implications and Next Steps

The reservation of the order by the NCLT marks a crucial stage in the amalgamation process. This step indicates that the tribunal has completed its hearing and is now deliberating on the merits of the application before pronouncing its decision.

Mawana Sugars has committed to informing the stock exchanges once the order is pronounced and uploaded on the NCLT website. This transparency ensures that all stakeholders, including shareholders and potential investors, are kept informed about the progress of this significant corporate action.

About the Amalgamation

The proposed amalgamation between Mawana Sugars Limited and its subsidiary, Mawana Foods Private Limited, is a strategic move that could have implications for the company's structure and operations. Amalgamations are often undertaken to streamline operations, reduce costs, or consolidate market position.

Investors and market watchers will be keenly awaiting the NCLT's decision, as it will determine the next steps in this corporate restructuring process. The outcome could potentially impact the company's future business strategy and financial performance.

Stakeholders are advised to stay tuned for further updates from the company regarding the NCLT's decision and its implications for the proposed amalgamation.