Mawana Sugars has received an approval to enter into One Time Settlement (OTS) with State Bank of India (SBI) in respect of borrowings from State Bank of Hyderabad (SBH). The board of directors at its meeting held on June 2, 2017, has agreed for the same. The board has given approval for settling debt of State Bank of Hyderabad for a consolidated agreed amount of Rs 43.21 crore.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.