Mawana Sugars Limited has informed the Exchange about Summary of proceedings, E-voting results and Scrutinizer's Report of the meeting of unsecuredcreditors held on 21.02.2026
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Mawana Sugars Limited held an NCLT-convened meeting of its unsecured creditors on February 21, 2026, via video conferencing, as directed by the NCLT Delhi Bench-V order dated December 18, 2025. The sole agenda was to seek creditor approval for the scheme of amalgamation of Mawana Foods Private Limited (Transferor Company) with and into Mawana Sugars Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. Out of 586 unsecured creditors on the record date (June 30, 2025), 19 attended the meeting and 22 creditors cast valid votes representing ₹5.41 crore in outstanding debt. The resolution was passed unanimously, with 100% of votes by value in favour and zero votes against, meeting the required three-fourth majority threshold. The Scrutinizer confirmed the scheme is approved by unsecured creditors, though final NCLT sanction is still pending for the merger to become effective.
This is a key procedural milestone in the amalgamation process but not the final approval — the scheme still requires NCLT sanction and other regulatory clearances before it can take effect. For shareholders, this confirms progress in consolidating Mawana Foods Pvt Ltd into the listed entity, but no swap ratio or share issuance specifics were disclosed in this filing.