Mawana Sugars (MSL) provided an update on the scheme of amalgamation where Mawana Foods Private (MFPL) is merging into MSL, its holding company.

This move targets structural simplification and aims for improved operational efficiencies.

A critical regulatory step has occurred as the National Company Law Tribunal (NCLT) has reserved its decision on the scheme.

The company is now awaiting the NCLT's final order.

Investors should keep an eye on further announcements, as this crucial regulatory approval is needed for the merger to proceed.