SEBI Approves Merger of Sumuka Agro Industries Limited with Gujjubhai Foods
May 16, 2025
Mumbai (Maharashtra) [India], May 16: 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).