Mawana Sugars Limited (MSL) has received an order dated December 18, 2025, from the Hon'ble National Company Law Tribunal, New Delhi Bench (NCLT), allowing its First Motion application concerning the scheme of amalgamation between Mawana Foods Private Limited (MFPL) and MSL. The NCLT has directed MSL to convene meetings of its equity shareholders and unsecured creditors to consider and approve the proposed Scheme of Amalgamation. The company will intimate the dates for these meetings in due course. Previously, the NCLT had dispensed with the meetings for the equity shareholders and secured creditors of the transferor company, Mawana Foods Private Limited, due to unanimous consent. However, for the transferee company, Mawana Sugars Limited, meetings for its 56,107 equity shareholders and 586 unsecured creditors are to be convened. Consent from one secured creditor representing 98.23% of the total secured debt has been obtained, leading to the dispensing of the secured creditors' meeting for MSL. The appointed date for the scheme of amalgamation is April 1, 2025. The order also specifies procedures for issuing notices, advertisements, and appointing a Chairperson and Scrutinizer for the upcoming meetings.