Sumuka Agro Industries Limited , a company listed on the Bombay Stock Exchange (Scrip Code: 532070), has announced a significant corporate action that could pave the way for future growth and expansion.

Key Developments

The Board of Directors of Sumuka Agro Industries Limited, in a meeting held on October 14, 2025, approved several important proposals:

1. Increase in Authorized Share Capital: The board has decided to increase the company's authorized share capital from ₹7.50 crore to ₹13.50 crore, representing an 80% increase.

2. Addition of New Shares: This increase will be achieved by adding 60,00,000 new equity shares to the company's capital structure.

3. Alteration of Memorandum of Association: To accommodate this change, the company will need to alter its Memorandum of Association.

4. Shareholder Approval Required: These proposals are subject to shareholder approval, which will be sought at an upcoming Extraordinary General Meeting (EGM).

Extraordinary General Meeting Details

Board Meeting Information

This move to increase the authorized share capital could potentially allow Sumuka Agro Industries to raise additional funds in the future, which might be used for various corporate purposes such as expansion, debt reduction, or other strategic initiatives. However, it's important to note that an increase in authorized share capital does not immediately result in the issuance of new shares or dilution of existing shareholdings.

Investors and stakeholders should keep an eye on the upcoming EGM and any subsequent announcements from the company regarding the utilization of this increased capital base.

Sumuka Agro Industries has successfully obtained approval from the National Company Law Tribunal (NCLT) to extend the date of its shareholders' meeting regarding the proposed merger with Gujjubhai Foods Private Limited. The tribunal has granted a 60-day extension and made modifications to its previous order, addressing a joint application filed by both companies.

Key Developments

• Extended Timeline: The NCLT has allowed a 60-day extension for convening the shareholders' meeting.

• Order Modification: The tribunal has amended its previous order to include Applicant Company No. 2 (Gujjubhai Foods Private Limited) alongside Applicant Company 1 (Sumuka Agro Industries) in the meeting requirements.

• Joint Application: Both Sumuka Agro Industries and Gujjubhai Foods Private Limited filed a joint interim application requesting the extension and modification.

Merger Details

The proposed scheme involves the merger by absorption of Gujjubhai Foods Private Limited ("GFPL" or the "Transferor Company") with Sumuka Agro Industries ("SAIL" or the "Transferee Company"). This corporate action falls under Section 230(1) of the Companies Act, 2013.

NCLT Order Specifics

The NCLT order outlines the following key points:

1. The extension allows an additional 60 days from the date of communication of the order to convene and hold the shareholders' meeting.
2. Paragraph 14, Page 8 of the original Company Scheme Application Order has been modified to include both applicant companies.
3. The rest of the merger order remains unchanged.

Meeting Format

The shareholders' meeting, when convened, will be held through video conferencing and/or other audio-visual means. This format allows equity shareholders to participate without physical presence at a common venue and cast their votes through remote e-voting.

Company Statement

Shaili Vijaybhai Patel, CFO & Director of Sumuka Agro Industries, confirmed the development in a regulatory filing to the BSE. The company has requested that this intimation be taken on record.

This extension and modification in the NCLT order provide both Sumuka Agro Industries and Gujjubhai Foods Private Limited additional time to prepare for the crucial shareholders' meeting, which will determine the fate of their proposed merger.