MUMBAI: India, (May 16), 2025 /PRNewswire/ — Sumuka Agro Industries Limited (BSE: 532070), a publicly listed company in India, announced to the stock exchanges today that it has received approval from the Securities and Exchange Board of India (SEBI) for the merger of Gujjubhai Foods with its business by way of absorption. Gujjubhai Foods, a private company owned by the promoters of Sumuka, is renowned for its range of Gujarati namkeens, including khakhra, bhakhri, and other ready-to-eat savoury snacks. The merger now awaits final approval from the National Company Law Tribunal (NCLT).
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The merger marks a strategic move to strengthen Sumuka Agro’s presence in the fast-moving consumer goods (FMCG) sector by combining operational synergies and market strengths with Gujjubhai Foods. The Bombay Stock Exchange (BSE) had issued a ‘no objection’ to the merger proposal in July 2024.
Source: PTI News
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