Scrutinizer report along with voting result.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sumuka Agro Industries Ltd (formerly Superb Papers Limited / Gujjubhai Industries Ltd) held an NCLT-convened court meeting of equity shareholders on November 18, 2025. Two resolutions were voted on: (1) a special resolution to approve the Scheme of Merger by Absorption of Gujjubhai Foods Pvt. Ltd. with Sumuka Agro Industries Ltd. under Sections 230-232 of the Companies Act, 2013, and (2) an ordinary resolution to increase the authorised share capital and amend the capital clause of the Memorandum of Association. Both resolutions passed with overwhelming support, receiving 16,87,502 votes in favour (99.99%) against just 1 vote against each. Total turnout was 23.74% of outstanding shares (1,687,503 votes out of 7,107,170 shares), with no votes from the promoter group.
Shareholders have approved the merger of Gujjubhai Foods into Sumuka Agro Industries, clearing a key legal milestone in the NCLT process. With the shareholder vote secured, the scheme will now proceed for NCLT sanction, which could lead to share issuance to Gujjubhai Foods shareholders and potential dilution for existing Sumuka shareholders.