Mawana Sugars Limited — Important, 31-12-2024: Updates

Mawana Sugars Limited has completed the acquisition of 1,32,77,049 fully paid equity shares of Mawana Foods Pvt. Ltd. from Usha International Limited for Rs. 2.41 Cr. Additionally, the company has secured the brand 'MAWANA', including all related trademarks and copyrights, for Rs. 5.75 Cr, plus applicable GST. This brings Mawana Foods Pvt. Ltd. under the full ownership of Mawana Sugars Limited as of the indicated date. This strategic move enhances Mawana Sugars' market position, bolstering its product portfolio and brand recognition, which could drive future growth opportunities. Shareholders should monitor this consolidation as it holds the potential for expanded market reach and increased revenue generation.