Hatsun Agro Product Limited — JV/Acquisition, 11-03-2026: Amalgamation/Merger

Hatsun Agro Product (HAPL) received NCLT sanction for its merger with wholly-owned subsidiary, Milk Mantra Dairy Private Limited. This strategic move aims to consolidate the group structure, achieve business synergies, and enhance the combined entity's financial strength and flexibility. As Milk Mantra is a wholly-owned subsidiary, HAPL will not issue new shares, ensuring no dilution for existing shareholders. Milk Mantra Dairy will be dissolved without winding up. The merger is effective from April 1, 2025, and will be legally finalized once the order is filed with the Registrar of Companies. This is a positive step for operational streamlining.