Mawana Sugars has received an approval to explore the possibility of disposing of its operating unit located at Muzaffarnagar in state of Uttar Pradesh to meet its obligation for discharge its liability towards farmers and lenders.
The board of directors at its meeting held on May 10, 2016 has approved for the same. The board also approved to explore the possibility of business restructure through scheme of arrangement.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.
