The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaili Patel & Others
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Sumuka Agro Industries Limited has allotted 1,38,13,666 equity shares of Rs. 10 each to shareholders of Gujjubhai Foods Private Limited under a Scheme of Merger by Absorption approved by NCLT Mumbai on February 4, 2026. The scheme became effective on February 23, 2026, with a record date of March 9, 2026 and allotment completed on March 20, 2026. As a result, the promoter group's combined holding in the listed company rose from 19,69,212 shares (27.7%) to 1,33,36,935 shares (63.7%), crossing the majority threshold. The acquirers are exempt from making an open offer under Regulation 10(1)(d)(ii) of SAST Regulations. Key individual holders post-merger include Shaili Vijaybhai Patel at 23.9% and Vipinkumar Mansukhlal Bhatt at 13.6%.
Existing shareholders of Sumuka Agro Industries face dilution of around 36% due to the share issuance, while the promoter group consolidates control to nearly 64%. Since the deal is a court-approved merger and exempt from open offer, no immediate cash outflow or buyback obligation arises for the company.