Mawana Sugars has agreed to enter into One Time Settlement (OTS) with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh. The board of directors at its meeting held on March 21, 2017 has approved for the same. The total dues amounting Rs 1.09 billion is to be settled for a consolidated agreed amount of Rs 797.9 million, payable over 15 month without interest.

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

Total volume of shares traded on the bourses today was lower by 22.23% to 892,719 compared with 22-day average volume of 1,147,887. 

Shares of the company gained Rs 3.65, or 4.19%, to trade at Rs 90.80. The total volume of shares traded was 216,096 at the BSE (11.02 a.m., Wednesday).