Appointment of Mr Sunil Swamy as additional Director Resignation of Mallikarjuna
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The board of Sumuka Agro Industries Limited (formerly Super Papers Limited, BSE scrip 532070) approved the appointment of Mr. Sunil Veerayya Swamy (DIN: 07617208) as Additional Non-Executive Independent Director for a 5-year term from 03 October 2025 to 03 October 2030, subject to shareholder approval. The board also accepted the resignation of Mr. Mallikarjuna K R as Non-Executive Independent Director, effective the same date, and recorded appreciation for his contributions. Additionally, M/s. Brajesh Gupta & Co, a peer-reviewed firm of Practicing Company Secretaries based in Indore, was appointed as Secretarial Auditor for five financial years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The board also approved a notice for an Extra-Ordinary General Meeting regarding a scheme of merger by absorption of Gujjubhai Foods Private Limited into Sumuka Agro Industries Limited, as directed by the National Company Law Tribunal.
Routine board-level housekeeping with no disruption to operations: one independent director is replaced by another, a new secretarial auditor is appointed, and a proposed merger with a related entity (Gujjubhai Foods) moves to the EGM stage. Shareholders should watch the EGM outcome on the merger, but the director changes are neutral for the stock.