We wish to provide an update regrading the hearing of the scheme of Merger by absorption of Gujjubhai Foods Private Limited ("Transferor Company" or "First Applicant Company") with Sumuka ....
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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.
The company informed BSE that the NCLT Mumbai bench has admitted the merger petition and fixed the final hearing for January 30, 2026. The scheme is for merger by absorption of Gujjubhai Foods Private Limited (Transferor) into Sumuka Agro Industries Limited (Transferee), filed under Sections 230-232 of the Companies Act 2013. NCLT has directed the company to issue notices to statutory authorities (SEBI, RBI, CCI, Income Tax, etc.) and publish hearing notices in English and vernacular newspapers at least 10 days before the hearing date. Authorities have 30 days from receipt of notice to raise any objections, failing which it is presumed they have none.
The merger has cleared the initial procedural stage at NCLT and is now moving towards final approval. Shareholders should watch for the January 30, 2026 hearing outcome and any swap ratio details, as approval would consolidate Gujjubhai Foods into Sumuka Agro Industries.