Sumuka Agro Industries Ltd. Completes Merger with Gujjubhai Foods Private Limited
Sumuka Agro Industries Limited announced the completion of the merger with Gujjubhai Foods Private Limited, effective February 23, 2026, following approval from the National Company Law Tribunal (NCLT) Mumbai bench on February 4, 2026. The certified true copy of the NCLT Orders was received on February 16, 2026.As part of the merger, Sumuka Agro Industries Limited issued and allotted 1,38,13,666 fully paid-up equity shares of Rs. 10 each to the equity shareholders of Gujjubhai Foods Private Limited. This followed a share exchange ratio of 7 equity shares of Sumuka Agro Industries Limited for every 4 equity shares of Gujjubhai Foods Private Limited.
Shareholding Details
The following table details the acquisition under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011:
Shareholding Before and After Acquisition
| Detail | Value | Value | Value |
|---|---|---|---|
| Before Acquisition | |||
| Shares carrying voting rights | 19,69,212 | 27.71% | 27.71% |
| Acquisition Details | |||
| Shares carrying voting rights acquired/sold | 1,13,67,726 | 54.34% | 54.34% |
| After Acquisition | |||
| Shares carrying voting rights | 1,33,36,938 | 63.75% | 63.75% |
The Board of Directors of Sumuka Agro Industries Limited allotted the shares on March 20, 2026. The total equity share capital of the company before the acquisition was Rs. 7,10,71,700 and after the acquisition is Rs. 20,92,08,360.
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