Allotment of Equity Shares pursuant to scheme of Merger by absorption of Gujjubhai Foods Private Limited ("Transferor Company") with Sumuka Agro Industries Limited ("Transfree COmpany") ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sumuka Agro Industries Limited has allotted 1,38,13,666 new equity shares of Rs. 10 each to shareholders of Gujjubhai Foods Private Limited, following the merger by absorption scheme approved by the NCLT Mumbai Bench on February 4, 2026, with an effective date of February 23, 2026. The share swap ratio is 7 equity shares of Sumuka Agro for every 4 equity shares held in Gujjubhai Foods, based on the record date of March 9, 2026. After this allotment, the company's paid-up equity capital rises to Rs. 20.92 crore, comprising 2,09,20,836 shares, which will be listed and traded on BSE on a pari-passu basis with existing shares.
The merger is now physically implemented through share allotment, expanding Sumuka Agro's share base by nearly 2x and integrating Gujjubhai Foods' business. Existing shareholders may see dilution of over 190%, while the newly eligible shareholders will gain listing on BSE. The market reaction will depend on the financial contribution and business synergies from the merged entity.