Updated Mar 11, 2026 19:58 IST
Hatsun Agro Product Limited, a major company in the dairy sector, has informed after the stock market closed on Wednesday that the Cuttack Bench of the National Company Law Tribunal (NCLT) has approved the plan of merger of Milk Mantra Dairy Private Limited with Hatsun Agro Product.
Hatsun Agro Product Limited, a major company in the dairy sector, has informed after the stock market closed on Wednesday that the Cuttack Bench of the National Company Law Tribunal (NCLT) has approved the plan of merger of Milk Mantra Dairy Private Limited with Hatsun Agro Product. In its order dated March 10, 2026, the Tribunal has approved this scheme, which will be considered effective from April 1, 2025. According to the company, Milk Mantra Dairy is its wholly owned subsidiary and will now be merged into the holding company Hatsun Agro. This merger process will become effective when both the companies file a certified copy of the NCLT order with the Registrar of Companies (ROC). The company said that further information in this regard will be given to the stock exchange from time to time.
The company said that under this plan, all the assets, liabilities and obligations of Milk Mantra Dairy will be transferred to Hatsun Agro. Since Milk Mantra Dairy is a wholly owned subsidiary of Hatsun Agro and its entire share capital is held by the parent company and its nominee members, no new shares will be issued under this merger and there will be no change in the capital structure of the parent company.
How were the quarterly results?
Talking about financial performance, the company has recorded strong results in the December 2025 quarter. The company’s profit increased by 48 percent year-on-year to Rs 60.6 crore, which was Rs 41 crore in the same quarter last year. The company’s operating income increased by 17.6 percent to Rs 2,364 crore, which was Rs 2,010 crore a year ago.
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The company’s shares closed at Rs 910.55 with a decline of 1.59 per cent on Wednesday. In the last one year, the company’s shares have seen a rise of 4.49 percent.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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