Sumuka Agro Industries Limited , formerly known as Superb Papers Limited, has formally notified the Bombay Stock Exchange about the upcoming NCLT hearing for its merger with Gujjubhai Foods Private Limited. The company issued a press release under Regulation 30 of SEBI LODR on December 29, 2025, confirming the hearing scheduled for January 30, 2026.

BSE Notification and Press Release

The company's Managing Director Paresh Thakker signed the official notification to BSE, providing formal intimation about the merger hearing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The press release specifically addresses the hearing of the Scheme of Merger by Absorption of Gujjubhai Foods Private Limited with Sumuka Agro Industries Limited.

NCLT Hearing Details

The National Company Law Tribunal Mumbai Bench has scheduled the final hearing for January 30, 2026, following the court's admission of the company petition on December 10, 2025. The hearing will take place in Courtroom No. 1 for the final disposal of the merger application under Sections 230-232 of the Companies Act, 2013.

Public Notice and Compliance

As part of the legal requirements, the company has published notices in local newspapers, including Marathi language publications, to inform stakeholders about the upcoming hearing. The notice provides details about the merger scheme and invites any interested parties to present their views before the tribunal.

The court has mandated that statutory authorities including the Central Government, Registrar of Companies, Income Tax authorities, Reserve Bank of India, SEBI, and Competition Commission of India be notified about the hearing. These authorities have thirty days from receipt of notice to file any representations.

Previous Shareholder Approval

The merger proposal had received overwhelming shareholder support during a court-convened meeting held on November 18, 2025, with 99.99% approval from shareholders representing 23.74% of outstanding shares.

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.