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Informist, Thursday, Sept. 3, 2026

 

--NCLT Delhi approves Mawana Foods' merger with parent Mawana Sugars 

 

By Surya Tripathi

 

NEW DELHI – The Delhi bench of the National Company Law Tribunal Thursday approved the merger of Mawana Foods Pvt. Ltd. with its parent, Mawana Sugars Ltd. The bench of Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Reena Sinha Puri said the scheme of amalgamation between the two companies has been allowed.

 

All the equity shares held by Mawana Sugars in Mawana Foods, either by itself or through its nominee, shall stand cancelled and extinguished, as per the scheme of amalgamation. Therefore, there will be no issue and allotment of shares as consideration by Mawana Sugars to shareholders of Mawana Foods, it said. Investments in shares of Mawana Foods, appearing in the books of account of Mawana Sugars, shall, without any further act or deed, stand cancelled.

 

According to the scheme of amalgamation, the merger will help in consolidation of business and create synergies between the businesses of the companies, thereby enabling pooling of financial, marketing, technical, distribution, and other resources and their optimum utilisation. The merger will lead to efficient and economical cost management, cost savings, better alignment, coordination, and streamlining of day-to-day operations of the units. It will also provide a larger and stronger base for future growth, as per the scheme.

 

The consolidation of business would also result in simplification of the existing corporate structure and eliminate administrative duplications, consequently rationalising administrative expenses or services as well as reducing multiple legal and regulatory compliances, according to the scheme of merger. The amalgamation will allow for a streamlined decision-making process, help in better utilisation of human resources, and provide access to a larger and more diverse talent pool leading to improved expertise, skills, and capabilities, per the scheme.

 

Mawana Sugars is engaged in the business of manufacturing and marketing sugar and ethanol and cogenerating power at its units in Uttar Pradesh. Mawana Foods is engaged in the business of trading sugar under the brand name "Mawana". At 1445 IST, shares of Mawana Sugars were at INR 147 on the National Stock Exchange, down 0.5% from Wednesday.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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