Company Profile

Mawana Sugars has completed the transfer of its unit Siel Chemical Complex to Bodal Chemicals for a consideration of Rs 137 crore. It had entered into an agreement on February 9, 2021 for transfer of its chemical unit located in Punjab to Ahmedabad-based Bodal Chemicals.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals ,sugar and edible oils.

Mawana Sugars is currently trading at Rs. 36.30, up by 0.15 points or 0.41% from its previous closing of Rs. 36.15 on the BSE.

The scrip opened at Rs. 37.00 and has touched a high and low of Rs. 37.00 and Rs. 36.10 respectively. So far 3331 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.15 on 05-Mar-2021 and a 52 week low of Rs. 20.95 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 37.00 and Rs. 35.10 respectively. The current market cap of the company is Rs. 141.99 crore.

The promoters holding in the company stood at 63.50%, while Institutions and Non-Institutions held 1.59% and 34.92% respectively.

Mawana Sugars has completed the transfer of its unit Siel Chemical Complex to Bodal Chemicals for a consideration of Rs 137 crore. It had entered into an agreement on February 9, 2021 for transfer of its chemical unit located in Punjab to Ahmedabad-based Bodal Chemicals.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals ,sugar and edible oils.

Piramal Enterprises’ subsidiary company -- Piramal Pharma (PPL) has entered into an agreement to acquire a 100% stake in Hemmo Pharmaceuticals (Hemmo) for an upfront consideration of Rs 775 crore and earn-outs linked to achievement of milestones. Consequent to this Acquisition, Hemmo would become a wholly owned subsidiary of PPL. Hemmo is one of India’s largest manufacturers of synthetic peptides with a legacy of more than thirty eight years in business supplying peptide products and custom peptide synthesis.

Dr. Reddy's Laboratories has entered into a partnership agreement with ABCD Technologies LLP (to be renamed as IndoHealth Services LLP). The transaction is in line with the Company's purpose of accelerating access and affordability of medicines to all, and the strategy of leveraging digital technology and infrastructure towards this.

TVS Motor Company’s two-wheeler exports clocked 100,000 units milestone in March 2021. An increase in motorcycle sales in key markets across the globe has significantly contributed to this achievement. The Company has a presence in over 60 countries in geographies across Africa, South East Asia, Indian Sub-Continent, Central & Latin America and is seeking to enter more markets in Europe and North America as well. The company's key export products include the TVS Apache, TVS HLX series, TVS Stryker series, etc.

Vedanta is planning to set up a coastal copper smelter plant in India for Rs 10,000 crore. The move comes nearly three years after its plant in Tamil Nadu was shut on environmental concerns and at a time when copper prices are on the rise globally.

Mawana Sugars has completed the transfer of its unit Siel Chemical Complex to Bodal Chemicals for a consideration of Rs 137 crore. The company had entered into an agreement on February 9, 2021 for transfer of its chemical unit located in Punjab to Ahmedabad-based Bodal Chemicals.  The sale of this unit will ensure long-term financial stability to the company. There would not be any change in the shareholding of company consequent to this sale. 

Zuari Agro Chemicals has resumed its production at NPK - B Plant with effective from March 30, 2021. Earlier, the company had temporarily shut down its plant due to delay in the arrival of raw materials.

Central Depository Services (India) (CDSL) has incorporated a wholly owned subsidiary company ‘CDSL IFSC’ on March 30, 2021 having its registered office at GIFT City, Gandhinagar, Gujarat. The company has incorporated a wholly owned subsidiary company to undertake the activities as a depository in GIFT IFSC including that of a Foreign Depository as mandated by the regulators

Mawana Sugars has submitted disclosure.

The above information is a part of company’s filings submitted to BSE.

Mawana Sugars’ board has approved an investment up to Rs 10 crore in Siel Industrial Estate (Siel IE), subsidiary of the company, by way of subscription of 1,00,00,000 Optionally Convertible Cumulative Preference Shares (OCCPS) of Rs 10 each to be issued by Siel IE in one or more tranches as and when requested by Siel IE to the company instead of making any investment in Redeemable Cumulative Preference Shares (RCPS) as decided in the meeting of the Board of Directors dated February 25, 2021. The overall investment by the company in Siel IE shall remain unchanged at Rs 10 crore. The Board of Directors of the company in its meeting held on March 6, 2021, has approved the same.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals ,sugar and edible oils.