Mawana Sugars Limited has informed the Exchange about Summary of proceedings of the meeting, E-voting results and Scrutinizer's Report of the meeting ofequity shareholders
MAWANASUG · price
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Mawana Sugars Limited held an NCLT-convened meeting of equity shareholders on February 21, 2026, via video conferencing to approve the scheme of amalgamation of Mawana Foods Private Limited (Transferor) into Mawana Sugars Limited (Transferee) under Sections 230-232 of the Companies Act, 2013. The resolution was passed with overwhelming support — 99.9999% of votes in favour, with 150 members voting in favour (2,52,43,435 shares) against just 10 members opposing (21 shares). Promoters, led by Krishna Shriram who holds around 2.46 crore shares, voted 100% in favour. A total of 64.53% of outstanding shares participated in the voting. The Scrutinizer confirmed the resolution was passed with the requisite three-fourth majority.
This is a key procedural milestone for the amalgamation — shareholder approval clears one of the main hurdles, and the scheme now awaits final sanction from the NCLT Delhi Bench-V. With near-unanimous promoter and public support, the merger is on track and is unlikely to face further pushback. For shareholders, this means Mawana Foods will be absorbed into the listed entity once NCLT gives the final order, simplifying the group structure.