Certified true copy of the order obtained from the Hon''ble National Company Law Tribunal, Mumbai Bench in the matter of scheme of merger by absorption of Gujjubhai Foods Private Limited ....
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.4 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sumuka Agro Industries Ltd (formerly Super Papers Ltd) has submitted the certified true copy of the NCLT Mumbai Bench order dated February 4, 2026, sanctioning the scheme of merger by absorption of Gujjubhai Foods Private Limited (Transferor) with Sumuka Agro Industries Ltd (Transferee). The swap ratio is 7 equity shares of Rs. 10 each of Sumuka for every 4 equity shares held in Gujjubhai. The appointed date is April 1, 2023. Post-merger, the listed entity will be renamed 'Gujjubhai Industries Limited', and the transferor company will be dissolved without winding up. The scheme will become effective only after filing form INC-28 with the Registrar of Companies. Both companies operate in the packaged snacks and foods business, and the merger is aimed at consolidation, synergies, and better resource utilisation.
This is a procedural update confirming NCLT approval but the merger is not yet effective until ROC filing. Existing shareholders of Gujjubhai Foods will receive Sumuka shares at the stated swap ratio, and the listed company will undergo a name change to Gujjubhai Industries Ltd, effectively shifting its identity to a packaged foods play.