Gujjubhai Industries has reshuffled its Board of Directors by appointing Sagar Maheshkumar Mavani as an Additional Independent Director and accepting the resignation of Bhavin Mehta. The decisions were taken during a Board meeting held on July 29, 2026, marking a transition in the company’s governance structure. The appointment strengthens the independent oversight of the Board, while the departure of Mr. Mehta reduces the total number of directors.

The Board meeting commenced at 12:30 P.M. and concluded at 01:00 P.M. on July 29, 2026. The resolutions were passed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Board Changes

Sagar Maheshkumar Mavani brings over 19 years of experience in the finance and consulting sector to the Board. He has worked as an independent professional in financial consultancy, specializing in corporate finance, financial planning, regulatory compliance, financial analysis, and business advisory. Mr. Mavani holds an MBA in Finance. The filing confirms that he is not related to any of the existing Directors or Key Managerial Personnel of the Company.

Bhavin Mehta resigned from the post of Director, effective July 29, 2026. The company did not disclose the specific reasons for his resignation in the immediate disclosure filed with the BSE Limited.

Regulatory Compliance

The Board’s decisions were communicated to the BSE Limited via a formal letter signed by Paresh Thakker, Managing Director (DIN: 07336390). The company, formerly known as Sumuka Agro Industries Limited (CIN: L74110MH1989PLC289950), ensured all procedural requirements under the SEBI Listing Regulations were met during the meeting.

What This Means for Governance

The simultaneous appointment of an Independent Director and the exit of a non-independent director suggests a strategic move to maintain or enhance the proportion of independent oversight on the Board. With Sagar Maheshkumar Mavani’s background in regulatory compliance and corporate finance, the company appears to be prioritizing expertise in financial governance. Investors should monitor future filings for any further restructuring of the Board or changes in Key Managerial Personnel that may accompany this transition.

Gujjubhai Industries Limited has approved an increase in its cash credit facility from INR 4,95,00,000 to INR 5,93,00,000. The decision was taken by the Board of Directors during a meeting held on July 3, 2026. The enhanced facility is sanctioned by the State Bank of India, SME Jayanagar branch, and involves the modification of Charge ID 101041544.

The board meeting commenced at 12:00 P.M. and concluded at 12:30 P.M. on the same day. The approval was given pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Facility Details

The following table outlines the changes to the credit facility:

The company, formerly known as Sumuka Agro Industries Limited, informed the Bombay Stock Exchange Ltd about the outcome of the board meeting. The disclosure was made to comply with applicable SEBI regulations.