Sumuka Agro Industries Advances Merger with Gujjubhai Foods Private Limited

Sumuka Agro Industries Limited , formerly known as Super Papers Limited, has taken a significant step towards its proposed merger with Gujjubhai Foods Private Limited. The company held a court-convened shareholder meeting to seek approval for the merger scheme.

Key Meeting Details

The meeting, chaired by Mr. Paresh Harishkumar Thakker, Managing Director of Sumuka Agro Industries, was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with regulatory guidelines. The gathering was convened following orders from the National Company Law Tribunal (NCLT), Mumbai Bench.

Merger Objectives

The proposed merger aims to achieve several strategic benefits:

Business consolidation
Operational synergies
Better resource utilization
Improved organizational efficiencies

Mr. Thakker explained that the merger would lead to the consolidation of business and assets, creating synergies in operations and networks between both companies.

Voting Process

Shareholders were provided with electronic voting options:

Voting Method	Period
Remote e-voting	November 15, 2025 (9:00 AM) to November 17, 2025 (5:00 PM)
E-voting during meeting	Available for 60 minutes post-meeting conclusion

The company utilized the National Securities Depository Limited (NSDL) system for the e-voting process.

Next Steps

The e-voting results and the consolidated Scrutinizer's Report are expected to be announced within two working days of the meeting's conclusion. These results will be communicated to the Stock Exchanges and uploaded on the company's website.

The merger's completion remains subject to regulatory approvals from the Bombay Stock Exchange (BSE), Securities and Exchange Board of India (SEBI), and the National Company Law Tribunal.

As Sumuka Agro Industries Limited progresses with this strategic move, stakeholders will be watching closely to see how the merger unfolds and its potential impact on the company's future operations and market position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.98%	+1.23%	-0.35%	-10.10%	+18.95%	+218.98%

Sumuka Agro Industries Limited, formerly known as Super Papers Limited, has announced its unaudited standalone financial results for the second quarter and half-year ended September 30, 2025, showcasing significant growth in revenue and profitability.

Financial Highlights

The company reported a substantial increase in its total income from operations for Q2 FY2026:

Particulars (in crore)	Q2 FY2026	Q1 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Total Income	20.93	19.69	14.89	40.62	27.77
Net Profit	0.75	0.82	0.64	1.57	1.81

The company's total income for Q2 FY2026 stood at Rs 20.93 crore, marking a 6.30% increase from Rs 19.69 crore in the previous quarter and a substantial 40.56% year-on-year growth from Rs 14.89 crore in Q2 FY2025.

Profitability and Expenses

Despite the increase in revenue, the net profit for Q2 FY2026 slightly decreased to Rs 0.75 crore, compared to Rs 0.82 crore in the previous quarter. However, it showed a 17.19% year-on-year increase from Rs 0.64 crore in Q2 FY2025.

The company's total expenses for Q2 FY2026 were Rs 20.18 crore, up from Rs 18.87 crore in Q1 FY2026. This increase in expenses may have contributed to the slight dip in quarterly net profit despite higher revenues.

Half-Yearly Performance

For the half-year ended September 30, 2025, Sumuka Agro Industries reported:

Total income of Rs 40.62 crore, a significant 46.27% increase from Rs 27.77 crore in H1 FY2025.
Net profit of Rs 1.57 crore, compared to Rs 1.81 crore in the same period last year.

Balance Sheet Strength

As of September 30, 2025, the company's financial position remains solid:

Total assets stood at Rs 30.61 crore, compared to Rs 34.17 crore as of March 31, 2025.
Equity share capital remained unchanged at Rs 7.11 crore.
Other equity increased to Rs 10.62 crore from Rs 9.05 crore at the end of the previous fiscal year.

Cash Flow and Liquidity

The cash flow statement reveals:

Net cash flow from operating activities: Rs 0.94 crore
Net cash used in investing activities: Rs 0.01 crore
Net cash used in financing activities: Rs 1.06 crore

The company's cash and cash equivalents decreased from Rs 19.79 lakh at the beginning of the period to Rs 6.24 lakh by the end of September 2025.

Management Commentary

Paresh Thakker, Managing Director of Sumuka Agro Industries Limited, stated, "We are pleased with our performance in the second quarter and first half of FY2026. The significant growth in our top line reflects the strong demand for our products and the effectiveness of our business strategies. While we've seen a slight decrease in quarterly net profit due to increased expenses, we remain focused on optimizing our operations and enhancing profitability in the coming quarters."

Future Outlook

The company's board has approved these results in their meeting held on November 11, 2025. With a strong revenue growth trajectory and a solid balance sheet, Sumuka Agro Industries appears well-positioned for future growth. However, investors should note that the company will need to manage its increasing expenses to improve bottom-line performance in the upcoming quarters.

The trading window for designated persons will open on November 13, 2025, as per the company's internal Code of Conduct and SEBI regulations.