Outcome of board meeting of Mawana Sugars

Held on 20 February 2018

Mawana Sugars announced that the Board of Directors at its meeting held on 20 February 2018 has approved the following -

1. Purchase of the entire shareholding of Mawana Foods (MFPL) held by Usha International (UIL) at a total consideration of Rs.24.83 crore subject to approval of Shareholders.

2. Notice calling Extra Ordinary General Meeting (EOGM) scheduled to be held on Monday, 26 March, 2018 at 10:00 a.m. for approval by the shareholders under section 186 of the Companies Act, 2013, by means of a Special Resolution authorizing the Board to purchase of the entire fully paid equity shares of Mawana Foods (MFPL).

 

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