Extra- ordinary General Meeting of the Members of Sumuka Agro Industries Limited will be held on Monday, 27/04/2026 at 3;00 P.M.
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Sumuka Agro Industries Limited (formerly Super Papers Limited) has called an EGM on April 27, 2026, to consider 7 items of business. The key proposals include: (1) Doubling the authorised share capital from Rs 21.43 crore to Rs 40 crore by creating ~1.86 crore new equity shares; (2) Amending the Main Object Clause to allow the company to act as a holding/parent company for FMCG businesses and manage treasury functions of group companies; (3) Authorising borrowings up to Rs 200 crore; (4) Permitting creation of charges on company assets for securing loans; (5) Allowing loans/guarantees up to Rs 250 crore to subsidiaries and associates; (6) Permitting investments up to Rs 250 crore in other body corporates; and (7) Approving material related party transactions with Cafe Gujjubhai Private Limited including share swap arrangements.
The company appears to be pivoting from paper to agro/FMCG sector and building a holding company structure. The Rs 250 crore investment and loan limits represent significant financial flexibility that could lead to major acquisitions or group restructuring. The related party transaction with Cafe Gujjubhai Private Limited warrants close monitoring for potential value transfer.