NCLT has admitted the amalgamation petition for Mawana Sugars (Transferee) and Mawana Foods (Transferor), moving their merger forward.

This critical step means regulatory bodies will now review the scheme, with 30 days to submit feedback.

The next NCLT hearing is set for May 13. The announcement did not detail the merger's specific objectives, any share swap ratios, or the expected direct impact on shareholders.

Investors await further clarity on these key aspects.