Hatsun Agro Product Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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The National Company Law Tribunal (Cuttack Bench) has sanctioned the scheme of amalgamation of Milk Mantra Dairy Private Limited (Transferor Company) with Hatsun Agro Product Limited (Transferee Company) via its order dated 10th March 2026. Both companies filed the NCLT order with their respective Registrar of Companies on 31st March 2026, making the scheme effective. The appointed date and effective date is 1st April 2025, meaning Milk Mantra Dairy is now deemed merged with Hatsun Agro from that date. Following the merger, HAPL's authorized share capital has been increased to Rs. 49.50 crores, comprising 42.5 crore equity shares of Re. 1 each and 7 lakh preference shares of Rs. 100 each, and the Capital Clause of the MOA has been amended accordingly.
The merger is now legally effective, consolidating Milk Mantra Dairy's operations and assets under Hatsun Agro Product. Shareholders can expect the combined business to be reflected in financials from FY26 onwards, and the increased authorized capital allows HAPL to issue shares to Milk Mantra's shareholders as merger consideration. This may modestly dilute existing shareholders depending on the share swap ratio disclosed earlier.