NCLT ORDER with respect to scheme of merger by absorption of Gujjubhai Foods Private Limited with sumuka Agro Industries Limied
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Awaiting price reaction for this filing.
Sumuka Agro Industries (the listed company, BSE scrip 532070) is going through a merger by absorption with Gujjubhai Foods Private Limited under Section 230(1) of the Companies Act, 2013. The NCLT Mumbai bench had earlier (order dated August 25, 2025) directed equity shareholder meetings to be held on September 17, 2025 to approve the scheme. In a follow-up order dated September 22, 2025 (uploaded on September 27, 2025), the NCLT granted a 60-day extension to convene these meetings after a joint interim application from both companies. The latest order also corrects an oversight in the original order by adding 'Applicant Company No. 2' (the transferor entity) under Para 14. No swap ratio or financial details of the merger have been disclosed in this filing — it is purely a procedural update on the meeting timeline.
This is a procedural update, not a substantive change — the merger scheme is still awaiting shareholder approval, so there is no immediate impact on the stock. The 60-day extension simply delays the shareholder vote, keeping the outcome of the merger uncertain in the near term.