Usha International (erstwhile Promoter) has transferred its majority stake in Mawana Sugars to Siddharth Shriram (Sole Promoter) to raise his holding in the company to 66.48%. Accordingly, Usha International has ceased to be Promoter of Mawana Sugars.
Mawana Sugars has been engaged in the business of manufacturing and selling of chemicals, sugar and edible oils. The company has at present two sugar divisions / units / undertakings viz. at Mawana Sugar Works (MSW) at Mawana, dist. Meerut and Titawi Sugar Complex (TSC) at Titawi, dist. Muzaffarnagar, both in Uttar Pradesh. Both the units are engaged in the business of manufacture and sale of sugar.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
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