Mawana Sugars Ltd

Volume surge clarification

• There has been no extraordinary event prompting the share volume spike.
• The price/volume movement is market-driven and in line with peer sugar companies.
• Management confirms no information or pending announcements that could affect scrip price.
• The company asserts compliance with Regulation 30 LODR and timely disclosures.

Mawana Sugars Ltd – Closure of Trading Window

Postal ballot purpose

• Approve two resolutions via postal ballot: re-appointment of Satish Agrawal as NED; MD remuneration.

Resolutions and outcomes

• Resolution 1: Re-appointment of Satish Agrawal as NED; Special; 99.99% assent, 0.01% dissent; passed by requisite majority.
• Resolution 2: Remuneration for MD Rakesh Kumar Gangwar; Special; 99.99% assent, 0.01% dissent; passed by requisite majority.

Amalgamation sanction details

• NCLT Delhi Bench sanctioned the Scheme of Amalgamation on 3 September 2026.
• Transferor Mawana Foods Private Limited will merge into Mawana Sugars Limited.
• Appointed date for the scheme is 01 April 2026.
• Transferor is a wholly owned subsidiary of the Transferee; no new shares issued.
• Transferor shall dissolve; assets, liabilities and employees transfer to the Transferee.
• Contracts of the Transferor shall stand transferred to the Transferee.
• Income Tax Department has no objection, subject to conditions; future tax demands to be borne by Transferee.
• SEBI: no objection; no pre-approval required for wholly owned subsidiary.
• Form CAA-8 filings to be completed annually post-sanction.

Clarification on price movement

• Company states it has no information or announcements that could affect share price.
• Price movement is market-driven and aligned with other sugar companies.
• No pending pronouncements; management is not connected with price behavior.
• Response submitted to exchange clarification dated August 25, 2026.
• Signed by Company Secretary Ashok Kumar Shukla.

Mawana Sugars Postal Ballot – key terms

• Purpose: Postal ballot to obtain shareholder approvals on notice-described matters.
• Dividend: Board recommends final dividend of INR 4 per equity share.
• Record date: Friday, 11 September 2026.
• Cut-off date for voting eligibility: 11 September 2026.
• Remote e-voting begins 19 September 2026 at 09:00 IST.
• Remote e-voting ends 21 September 2026 at 17:00 IST.
• VC/OAVM attendance allowed for AGM participation.
• Results to be announced by Chairman/MD and posted on Mawana Sugars website.
• Notice and annual report available on Mawana Sugars website.

Postal ballot overview

• Purpose: approve two special resolutions via postal ballot (Ind. director re-appointment; MD remuneration).
• E-voting window: Aug 19–Sep 17, 2026; cut-off date Aug 14, 2026.
• Results expected by Sep 19, 2026.
• Record date for voting: Aug 14, 2026.
• Voting via NSDL e-voting; physical notices not sent.
• Notice available on Mawana Sugars website and stock exchanges.

Resolution 1: Re-appointment of Satish Agrawal

• Re-appoint Satish Agrawal as Non-Executive Independent Director for second five-year term (Nov 3, 2026–Nov 2, 2031).

Resolution 2: Remuneration to Managing Director

• Remuneration: Rs 2,63,02,385 per year plus Rs 10,00,000 variable pay for Aug 13, 2026–Aug 12, 2027.
• Leave facility per company rules.