Mawana Sugars has received an approval to explore the possibility of disposing of its operating unit ‘Mawana Sugar Works’ located at Mawana, Meerut, Uttar Pradesh to meet its obligation for discharging its liability towards farmers and lenders. The board of directors of the company at its meeting held on July 10, 2017, has approved for the same. The board also discussed outstanding payment to cane farmers and lenders.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.
