•NCLT Cuttack Bench approved the merger of Hatsun Agro Product's wholly-owned subsidiary, Milk Mantra Dairy, with the parent company.
•The merger is effective from April 1, 2025, aiming to consolidate group structure, generate operational synergies, and strengthen financial flexibility.
•All assets, liabilities, and obligations of Milk Mantra Dairy will transfer to Hatsun Agro; no new shares will be issued, keeping capital structure unchanged.
•Hatsun Agro reported a 48% YoY rise in Q3 net profit to ₹60.6 crore and a 17.6% increase in revenue to ₹2,364 crore.
•EBITDA grew 19.2% to ₹256 crore, with the margin improving to 10.8%; shares ended 1.59% lower on March 11.
