Kingsman Wealth Management Private Limited has corrected its shareholding in Gujjubhai Industries Limited to 27,20,276 shares following a revised disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, a member of the promoter group, adjusted its previously reported figure of 26,62,648 shares to reflect the accurate post-acquisition holding, which now constitutes 13.0027% of the target company's total paid-up capital.

The revision rectifies an inadvertent error in the initial submission dated June 8, 2026. The transaction involved the acquisition of 28,814 shares carrying voting rights through the open market. This purchase increased the acquirer's stake from 12.8650% to 13.0027% of the total voting capital of sumuka agro industries .

Shareholding Details

The disclosure outlines the acquirer's position before and after the transaction. Prior to the acquisition, Kingsman Wealth Management Private Limited held 26,91,462 shares. The subsequent purchase of 28,814 shares resulted in the revised total holding. There were no changes in the company's equity share capital or total voting capital as a result of this transaction.

Acquisition Breakdown

The equity share capital of Gujjubhai Industries Limited remains at ₹20,92,08,360, comprising 2,09,20,836 equity shares of ₹10 each. The revised filing was submitted to BSE Limited and the target company to supersede the previous disclosure.

Gujjubhai Industries Limited reported a net profit of ₹517.85 lakh for the financial year ended March 31, 2026, on a total income of ₹12,707.22 lakh. The company’s profit for the period represents an increase from ₹467.85 lakh in the previous year, while total income rose from ₹9,769.10 lakh in FY25. The financial results incorporate the impact of the merger with Gujjubhai Foods Private Limited, which was sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, and became legally effective on February 23, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹177.98 lakh on a total income of ₹3,961.35 lakh. In the corresponding quarter of the previous year, the net profit was ₹161.87 lakh on a total income of ₹2,752.87 lakh. Total expenses for the quarter stood at ₹3,640.59 lakh. The full-year financials show total expenses increased to ₹12,046.59 lakh from ₹9,122.58 lakh in the previous year. The basic earnings per share (EPS) for FY26 was ₹2.48, compared to ₹6.58 in the previous year.

Merger and Exceptional Items

The financial results incorporate the impact of the merger with Gujjubhai Foods Private Limited, sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench. The merger, legally effective on February 23, 2026, was accounted for using the acquisition method with an appointed date of April 1, 2023. An exceptional item of ₹7.94 lakh was incurred in FY26 to give effect to the merger. The company issued 13,813,666 equity shares as purchase consideration. The allotted equity shares were listed and admitted for trading on BSE with effect from May 26, 2026.

Key Financial Metrics