Outcome of Court Convened meeting

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹226.00

prior close

₹229.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.3% vs market

Packaged Foods peers, median of 34sector+0.0%-0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-1.7

15m

-1.7

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.2-0.3+0.0-0.5

Next day

-8.8-0.5-8.4-0.9-7.9

-6.2-2.0-4.2-1.4-4.7

-3.1-2.6-0.5-3.0-0.1

-3.5-2.5-1.1-2.7-0.9

-3.1-1.2-1.9-1.7-1.4

-8.3-1.7-6.6-2.2-6.1

15d

-18.5-5.6-12.9-4.9-13.6

-8.8-5.0-3.8-5.4-3.5

+4.4-9.0+13.5-10.2+14.6

+3.1-7.7+10.8-10.9+14.0

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sumuka Agro Industries Limited (SAIL) held an NCLT Mumbai Bench-convened meeting of its equity shareholders on November 18, 2025, via video conferencing to approve a Scheme of Merger by Absorption of Gujjubhai Foods Private Limited (GFPL) into SAIL. The Chairman, Mr. Paresh Thakker (Managing Director), explained the scheme, which aims to consolidate businesses, achieve synergies, and improve operational efficiency. Independent Director Mr. Amit Rathi, along with other directors and CFO Ms. Shaili Patel, attended the meeting. Remote e-voting took place from November 15-17, 2025, with additional e-voting during and for 60 minutes after the meeting. The actual voting results were not disclosed in this filing and are expected to be announced within two working days.

Likely market impact

The document only describes the meeting's proceedings, not the voting outcome, so the merger's fate is pending. If approved by the requisite majority, GFPL will be absorbed into SAIL, potentially leading to consolidated operations and synergies; shareholders should watch for the e-voting results expected within two working days for confirmation.