Announcement • Apr 29
Gujjubhai Industries Limited Approves the Regularization of Sunil Veerayya Swamy as A Non-Executive Independent Gujjubhai Industries Limited approved the regularization of Mr. Sunil Veerayya Swamy (DIN: 07617208) as a Non-Executive Independent Director of the Company in the proceedings of Extra-Ordinary General Meeting of the company held on 27th April, 2026. New Risk • Mar 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 194% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (194% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹4.27b market cap, or US$45.5m). Announcement • Feb 25
Sumuka Agro Industries Limited (BSE:532070) completed the acquisition of GUJJUBHAI FOODS PRIVATE Limited. Sumuka Agro Industries Limited (BSE:532070) agreed to acquire GUJJUBHAI FOODS PRIVATE Limited for INR 1.8 billion on August 14, 2023. The consideration consists of 13.81 million common equity of Sumuka Agro Industries Limited to be issued for common equity of GUJJUBHAI FOODS PRIVATE Limited. As part of consideration, an undisclosed value is paid towards common equity of GUJJUBHAI FOODS PRIVATE Limited. The transaction is subject to approval by regulatory board / committee. As of July 1, 2024 Bombay Stock Exchange approved the transaction. The expected completion of the transaction is October 1, 2024 to October 31, 2024.
As of May 14, 2025, Sumuka Agro Industries Limited has received observation letter with ‘no adverse observations’ from BSE Limited. The Scheme remains subject to various statutory and regulatory approvals and of the respective shareholders of the companies involved in the Scheme, as may be required. As of May 16, 2025, the Securities and Exchange Board of India has approved the merger. On August 25, 2025, the transaction has been approved by the National Company Law Tribunal. As of November 18, 2025, the transactionhas been approved by shareholders of Sumuka Agro Industries Limited.
On September 6, 2023, The Board of Directors of Sumuka Agro Industries Limited has approved the merger by absorption of Gujjubhai Foods Private Limited. The joint petition filed by GUJJUBHAI FOODS PRIVATE Limited and Sumuke Agro Industries Limited is fixed fer hearing before the Hon'ble Tribunal taking company matters on Friday, 30th January, 2026. As of February 4, 2026 the transaction has been approved by National Company Law Tribunal.
Sumuka Agro Industries Limited (BSE:532070) completed the acquisition of GUJJUBHAI FOODS PRIVATE Limited on February 23, 2026. All conditions related to the transaction are fulfilled. 
