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SEBI Approves Merger of Sumuka Agro Industries Ltd with Gujjubhai Foods.

Economy Business | Dated: 24 May 2025

In May 2025, the Securities and Exchange Board of India (SEBI) approved the merger of Bengaluru-based Gujjubhai Foods Private Limited with Mumbai-based Sumuka Agro Industries Limited. The merger, structured as an absorption, now awaits final clearance from the National Company Law Tribunal (NCLT).

🎯 Key Highlights:

  • - This strategic consolidation aims to unify the operational and market capabilities of both companies within the Fast-Moving Consumer Goods (FMCG) sector.
  • - Shareholders of Gujjubhai Foods will receive 17.5 equity shares of Sumuka Agro for every 10 shares held.
  • - Following the merger, the promoters’ shareholding in the combined entity will rise significantly from 27.71% to 64%.

💡 Other Important Facts:

  • (i) The Bombay Stock Exchange (BSE) had already issued a 'No Objection' certificate for the merger in July 2024.
  • (ii) Sumuka Agro Industries Ltd, established in 1989, is a listed company known for its range of branded Gujarati snacks, dry fruits, natural beverages, and packaged food products distributed across India.

📚 Test Your Knowledge:

Recently, which regulatory body approved the merger of Sumuka Agro Industries Ltd with Gujjubhai Foods?

Correct Answer: SEBI

🚀 Quick Recap: