Hatsun Agro Shares Rise After Milk Mantra Merger
The shares of Hatsun Agro Product Limited gained investor attention after the National Company Law Tribunal (NCLT), Cuttack Bench, approved the merger of its wholly owned subsidiary Milk Mantra Dairy Private Limited with the parent company. The tribunal passed the order on March 10, 2026, approving the scheme of amalgamation aimed at consolidating the group’s dairy business and simplifying its corporate structure.
Following the development, Hatsun Agro shares rose about 2% during the trading session to ₹934.50, compared to the previous close of ₹917.85. The company currently has a market capitalisation of ₹20,715 crore, and its stock trades at a price-to-earnings (PE) ratio of 53.8, significantly higher than the industry PE of 26. Under the approved scheme, the entire business of Milk Mantra Dairy will be merged into Hatsun Agro with an appointed date of April 1, 2025.
As Milk Mantra is a wholly owned subsidiary, no new shares will be issued, leaving the parent company’s capital structure unchanged. The merger will transfer all assets, liabilities, and obligations of Milk Mantra to Hatsun Agro, after which the subsidiary will be dissolved without undergoing winding-up. The move is expected to improve operational efficiency, financial flexibility, and support Hatsun Agro’s long-term expansion in India’s dairy and value-added milk product sector.
The scheme will become effective once the certified copy of the NCLT order is filed with the Registrar of Companies. Financially, Hatsun Agro reported Q3 FY26 revenue of ₹2,364 crore, up from ₹2,010 crore in Q3 FY25, marking a 17.6% year-on-year growth, while net profit increased to ₹61 crore from ₹41 crore during the same period.
Source: Dairynews7x7 14th March, 2026 Read full story here
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