BSE grants trading approval for 1.38cr shares issued post-merger

1 min read     Updated on 25 May 2026, 11:24 PM
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BSE granted trading approval for 1,38,13,666 equity shares of ₹10 each issued by Sumuka Agro Industries Limited following the merger with Gujjubhai Foods Private Limited. The shares, allotted on March 20, 2026, are permitted for trading effective May 26, 2026.

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BSE Limited granted trading approval for 1,38,13,666 equity shares of ₹10 each issued by Sumuka Agro Industries Limited pursuant to a merger scheme. The approval, received on May 25, 2026, covers shares issued following the absorption of Gujjubhai Foods Private Limited with Sumuka Agro Industries Limited under Sections 230 to 232 of the Companies Act, 2013.

The newly issued shares are ranking pari-passu with the existing equity shares of the company. Trading of these securities on the exchange is permitted with effect from May 26, 2026. The intimation was submitted to the exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Security Details

Security Details 1,38,13,666 Equity Shares of Rs.10/- each issued pursuant to the Scheme of Merger by Absorption of Gujjubhai Foods Private Limited (“Transferor Company” or “GFPL”) with Sumuka Agro Industries Limited (“Transferee Company” or “SAIL”) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. These shares are ranking pari-passu with the existing equity shares of the Company.
ISIN Number INE311N01016
Dist. Nos. 7107171 to 20920836
Date of Allotment March 20, 2026

The filing was signed by Shaili Vijaybhai Patel, Director & CFO of Gujjubhai Industries Limited (formerly known as Sumuka Agro Industries Limited).

Historical Stock Returns for Gujjubhai Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.80%+2.53%-34.14%-41.51%-53.98%+71.56%

How will the integration of Gujjubhai Foods' product portfolio impact Sumuka Agro Industries' revenue streams in the upcoming fiscal year?

What is the expected market reaction to the dilution of existing equity shares due to the issuance of over 13.8 million new shares?

Will the merger lead to any restructuring of the company's management or operational teams following the name change to Gujjubhai Industries Limited?

Gujjubhai Industries Limited Receives BSE Listing Approval for 1,38,13,666 Equity Shares Under Scheme of Amalgamation

1 min read     Updated on 06 May 2026, 09:53 AM
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Gujjubhai Industries Limited, formerly known as Sumuka Agro Industries Limited, received BSE listing approval on May 06, 2026, for 1,38,13,666 equity shares of Rs. 10/- each issued under a scheme of amalgamation with Gujjubhai Food Private Limited. The shares carry distinctive numbers 7107171 to 20920836 and were allotted to shareholders of the Transferor Company. Trading approval is contingent upon the company fulfilling additional conditions set by BSE Limited, including confirmations from depositories and clearance of any outstanding dues.

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Sumuka Agro Industries Limited, now operating as Gujjubhai Industries Limited, has received listing approval from BSE Limited for 1,38,13,666 equity shares of Rs. 10/- each. The approval was granted pursuant to the scheme of amalgamation of Gujjubhai Food Private Limited (Transferor Company) with and into Sumuka Agro Industries Limited (Transferee Company). The development was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 06, 2026.

Amalgamation and Share Issuance Details

The equity shares were allotted to shareholders of Gujjubhai Food Private Limited as part of the court-approved scheme of amalgamation. The listing approval covers shares bearing distinctive numbers 7107171 to 20920836. The key details of the listing approval are summarised below:

Parameter: Details
Number of Equity Shares: 1,38,13,666
Face Value per Share: Rs. 10/- each
Distinctive Numbers: 7107171 – 20920836
Transferor Company: Gujjubhai Food Private Limited
Transferee Company: Sumuka Agro Industries Limited
Exchange: BSE Limited
Approval Date: May 06, 2026

Conditions for Trading Approval

While BSE Limited has granted listing permission for the aforementioned securities, the Exchange has specified that trading approval will be granted only upon fulfilment of certain conditions. The company is required to submit the following documents to the Exchange before trading can commence:

  • Listing approval obtained from National Stock Exchange, if applicable
  • Confirmation letters from CDSL and/or NSDL regarding the crediting of shares to respective beneficiaries' accounts
  • Details of payment of outstanding dues, if any
  • Details of payment of SOP fines, if any

Regulatory Disclosure

The intimation was filed by Shaili Vijaybhai Patel, Whole-time Director and CFO of Gujjubhai Industries Limited, in compliance with the applicable SEBI Listing Regulations. The BSE listing approval letter was issued by Marian Dsouza, Assistant Vice President, and Tanmayi Lele, Deputy Manager, at BSE Limited. The company has been directed to take the necessary steps to complete the outstanding requirements to enable trading in the newly listed shares.

Historical Stock Returns for Gujjubhai Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.80%+2.53%-34.14%-41.51%-53.98%+71.56%

How will the rebranding from Sumuka Agro Industries to Gujjubhai Industries Limited impact the company's market positioning and investor perception in the agro-food sector?

What is the expected timeline for Gujjubhai Industries Limited to fulfill the remaining conditions, including CDSL/NSDL share crediting confirmations, before trading can officially commence on BSE?

Will Gujjubhai Industries Limited seek a listing on the National Stock Exchange (NSE) in addition to BSE, and how might dual-listing affect liquidity and trading volumes for the newly issued shares?

More News on Sumuka Agro Industries

1 Year Returns:-53.98%