Intimation regarding sanction of the Scheme of Amalgamation amongst Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited by the Hon''ble National Company Law Tribunal, Cuttack Bench
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 11 Mar 2026, 04:43 PM IST · BSE ID: 0974b8f8-c9f8-4965-a008-b390f118d8e3
View Original BSE Filing (PDF)
🤖 AI Summary
- Hatsun Agro Product Limited received National Company Law Tribunal (NCLT) Cuttack Bench sanction on March 10, 2026 for the amalgamation of its wholly-owned subsidiary Milk Mantra Dairy Private Limited. The scheme appointed date is April 1, 2025. The amalgamation consolidates group structure and achieves synergies. NCLT dispensed with shareholder meetings as all equity and preference shareholders gave written consent. Secured creditors are nil. Over 90% of unsecured creditors consented. Income Tax Department issued no objections on December 8, 2025.
🔢 Key Numbers — exact figures from BSE filing, not rounded
NCLT order date
March 10, 2026
Scheme appointed date
April 1, 2025
Transferor company equity shareholders consent
100% written consent provided
Unsecured creditors consent threshold
Over 90% by value consented
👁 Watch List — track these upcoming events
Filing of certified NCLT order copy with Registrar of Companies (ROC) by both companies
Official effectiveness notification to BSE and NSE upon ROC filing
Details of assets and liabilities transferred under amalgamation scheme
Stamp duty payment compliance for immovable property transfer
LOW RISK
Subsidiary amalgamation with full regulatory approval. All stakeholder consents obtained. No pending objections from authorities noted in NCLT order.
⚖️ Strengths & Concerns
✅ Positives
- Wholly-owned subsidiary amalgamation reduces administrative burden and integrates dairy operations under single entity structure.
- All equity shareholders and preference shareholders provided written consent; over 90% of unsecured creditors approved scheme.
⚠️ Concerns
- Filing does not disclose financial metrics, asset values, or liabilities being transferred in amalgamation.
- Scheme effectiveness contingent on ROC filing of certified NCLT order; timeline for completion not specified in filing.