BSEGujjubhai Industries LtdMediumNeutral
Announced Mon, 25 May · 19:12 IST

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we wish to inform you that the Company has received Trading Approval from BSE Limited for 1,38,13,666 Equity Shares of Rs. 10/- ....

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Price

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

Price reaction · full curve 14 horizons · vs prior close
-8.3%1-day move
₹177.75
prior close
₹173.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-2.3-2.4-3.6-8.3-13.1-18.4-21.2-15.6-22.9-32.6-29.0-32.5
Up moveDown movePending
AI summary

Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited) has received trading approval from BSE for 1,38,13,666 equity shares of Rs. 10 each. These shares were issued as part of a Scheme of Merger by Absorption where Gujjubhai Foods Private Limited was absorbed into the company. The new shares are ranked pari-passu (equal footing) with existing equity shares and trading commences from May 26, 2026. The company has undergone a name change and the merger was executed under Sections 230 to 232 of the Companies Act, 2013.

Likely market impact

The company's equity base has expanded due to the merger, resulting in dilution for existing shareholders as new shares are admitted for trading on BSE.