The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaili Vijaybhai Patel & Others
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On the reaction day the stock moved 9.3 pts less than Nifty Microcap 250 and 7.7 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.
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The promoter and promoter group of Sumuka Agro Industries Limited have filed a SAST disclosure following the merger of Gujjubhai Foods Private Limited into the company. NCLT Mumbai approved the scheme on February 4, 2026, and it became effective on February 23, 2026. The company allotted 1,38,13,666 equity shares of Rs. 10 each to the transferor company's shareholders at a swap ratio of 7:4. As a result, the promoter group's stake rose from 27.71% (19,69,212 shares) to 63.75% (1,33,36,938 shares), crossing the 5% incremental acquisition threshold that triggered this disclosure. The total equity share capital of Sumuka Agro nearly tripled from Rs. 7.11 crore to Rs. 20.92 crore post-allotment.
This is a routine regulatory disclosure arising from a court-approved merger, not an open-market purchase, so it has no direct demand-supply impact on the stock price. The change in shareholding is structural, with promoter holding increasing substantially to a controlling 63.75%, which is expected and already priced in by the market.