Sayaji Industries has been impacted by a significant corporate restructuring involving Viva Tex-Chem Private Limited. Viva Tex-Chem has completed a merger with two of its wholly owned subsidiaries and transferred a substantial number of Sayaji Industries Limited shares. The move, which was approved by Viva Tex-Chem's board of directors on September 23, 2025, has resulted in an inter-se transfer of 13,15,600 equity shares of Sayaji Industries Limited.

Merger Details

The merger involved Viva Tex-Chem Private Limited and its two wholly owned subsidiaries:

1. Priyam Commercial Enterprises Private Limited
2. Bini Commercial Enterprises Private Limited

Prior to the merger:

• Priyam Commercial held 8,56,400 equity shares of Sayaji Industries
• Bini Commercial held 4,59,200 equity shares

The consolidation of these holdings under Viva Tex-Chem has led to the transfer of a total of 13,15,600 shares.

Regulatory Approval and Disclosure

Key points regarding the regulatory aspects of the merger:

• The merger scheme received approval from the Regional Director North Western Region, Ahmedabad
• Viva Tex-Chem has submitted the necessary disclosure to BSE under SEBI takeover regulations

Implications for Sayaji Industries

While the merger primarily affects the internal structure of Viva Tex-Chem and its subsidiaries, it has implications for Sayaji Industries Limited. The consolidation of shares under Viva Tex-Chem may lead to a more streamlined ownership structure in relation to Sayaji Industries.

Corporate Governance

The timely disclosure of this merger and share transfer demonstrates Viva Tex-Chem's commitment to regulatory compliance and transparency. Such corporate actions often aim to simplify group structures and potentially improve operational efficiency.

Conclusion

This merger represents a significant corporate move for Viva Tex-Chem Private Limited, consolidating its ownership of Sayaji Industries shares. Stakeholders and market observers will likely monitor any potential impacts on Sayaji Industries' operations or governance resulting from this restructuring of ownership.

Sayaji Industries Limited , a leading agro-processing company, has reported its financial results for the first quarter ended June 30, along with a significant announcement of a bonus share issue.

Financial Performance

The company's consolidated financial results for Q1 show a challenging quarter:

Sayaji Industries reported a consolidated net loss of ₹349.22 lakhs for the quarter, compared to a loss of ₹287.10 lakhs in the same period last year. The company's revenue from operations marginally decreased to ₹27,195.19 lakhs from ₹27,330.74 lakhs year-over-year.

On a standalone basis, the company's performance showed:

The standalone net loss reduced to ₹368.25 lakhs from ₹651.32 lakhs in the corresponding quarter of the previous year, showing an improvement despite the challenging market conditions.

Segment Performance

The company operates in three main segments:

1. Agro Processing-Maize
2. Agri Seeds
3. Spray Dried Food Products

The Agro Processing-Maize segment, which is the company's primary business, reported revenue of ₹24,198.48 lakhs for the quarter. The Agri Seeds segment showed strong performance with revenue of ₹2,307.40 lakhs, while the Spray Dried Food Products segment contributed ₹719.78 lakhs to the total revenue.

Bonus Share Issue

In a move to reward its shareholders, the Board of Directors has approved a bonus share issue in the ratio of 1:3. This means shareholders will receive three bonus equity shares for every one fully paid-up equity share held. Key details of the bonus issue include:

• Bonus Ratio: 1:3
• Face Value: ₹5 per share
• Total New Shares: 1,89,60,000 equity shares
• Amount Capitalized: ₹9,48,00,000 from retained earnings

The bonus issue is subject to shareholders' approval and regulatory compliances.

Other Key Decisions

1. Increase in Authorized Share Capital: The Board has approved increasing the authorized share capital from ₹5 crores to ₹15 crores, subject to shareholder approval.

2. Annual General Meeting: The 84th Annual General Meeting of the company is scheduled for September 25, to be held through video conferencing.

Vishal Priyam Mehta, Joint CEO & Executive Director, stated, "Despite the challenging market conditions, we are committed to creating long-term value for our shareholders. The bonus issue reflects our confidence in the company's future prospects and our appreciation for the continued support of our investors."

The company remains focused on its core businesses and is working on strategies to improve performance in the coming quarters. The management expressed optimism about the future, citing potential improvements in market conditions and the company's strong positioning in its key segments.

Investors and stakeholders will be keenly watching Sayaji Industries' performance in the upcoming quarters, as the company navigates through the current economic challenges while implementing its growth strategies.