NCLT clears Milk Mantra–Hatsun Agro merger
India’s dairy sector saw a significant consolidation after the National Company Law Tribunal (NCLT) approved the merger of Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited. The Cuttack Bench issued the order on March 10, 2026, sanctioning the Scheme of Amalgamation with retrospective effect from April 1, 2025. Milk Mantra Dairy, a wholly-owned subsidiary of Hatsun Agro, will be absorbed into the parent company as part of a strategic consolidation aimed at simplifying the group structure and strengthening operational synergies.
Under the scheme, all assets, liabilities, duties and obligations of Milk Mantra Dairy will be transferred to Hatsun Agro, while the subsidiary will be dissolved without winding up after the merger takes effect. Because the company is fully owned by Hatsun Agro and its nominees, no new shares will be issued and the parent company’s capital structure will remain unchanged.
The scheme will become operational once both companies file the certified copy of the NCLT order with the Registrar of Companies (RoC), after which the company will inform stock exchanges. For the quarter ended December 2025, Hatsun Agro reported 48% year-on-year growth in profit to ₹60.6 crore, compared with ₹41 crore a year earlier, while operational revenue rose 17.6% to ₹2,364 crore from ₹2,010 crore. The company’s shares closed 1.59% lower at ₹910.55, although the stock has gained 4.49% over the past year.
Source: Dairynews7x7 12 March, 2026 Get full story here
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