Sumuka Agro Industries Limited , formerly known as Superb Papers Limited, has announced that its shareholders have approved two significant resolutions during a court-convened meeting held on November 18, 2025. The meeting, which took place through video conferencing, saw the passage of both a special resolution and an ordinary resolution with overwhelming support from shareholders.

Merger Approval

The first resolution, a special resolution, sought approval for the Scheme of Merger by Absorption of Gujjubhai Foods Pvt. Ltd. with Sumuka Agro Industries Ltd. This merger, to be executed under sections 230-232 of the Companies Act, 2013, received near-unanimous support from voting shareholders.

Increase in Authorized Share Capital

The second resolution, an ordinary resolution, proposed to increase the authorized share capital of the company and consequently alter the capital clause of the Memorandum of Association. This resolution also garnered strong support from shareholders.

Voting Results

The voting results, as confirmed by scrutinizer Brajesh Gupta of Brajesh Gupta & Co., showed overwhelming support for both resolutions:

A total of 1,687,503 votes were cast, representing 23.74% of the company's outstanding shares. The promoter group cast 980,340 votes, all in favor of both resolutions, while the public non-institutional category saw 707,163 votes cast, with only one vote against each resolution.

Shareholder Participation

The meeting saw participation from various shareholder categories:

• 2 members from the promoter and promoter group
• 56 members from the public
• No institutional investors participated in the voting

The strong support for both resolutions indicates shareholder confidence in the company's strategic decisions regarding the merger and capital structure changes.

Sumuka Agro Industries Limited will now proceed with the necessary steps to implement these approved measures. The company's management, led by Managing Director Paresh Thakker, will be responsible for executing the merger and capital increase in accordance with regulatory requirements.

These corporate actions may potentially impact the company's future operations and financial structure. Investors and stakeholders are advised to monitor further announcements from the company regarding the implementation of these resolutions.

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:

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.