Sumuka Agro Industries Ltd

Sumuka Agro Industries Proposes Capital Boost & Strategic Expansion 📈

• Proposal to increase Authorized Share Capital from ₹21.42 crore to ₹40 crore (4 crore shares of ₹10 each)

• Amendment to include FMCG business activities, acting as a holding company, and managing financial affairs of group entities

• Authorization for Board to borrow up to ₹200 crore, exceeding current paid-up capital and free reserves

• Approval to create charges, mortgages, or securities on company assets to secure loans or debentures

• Authorization to provide loans, guarantees, or securities to subsidiaries, associates, or related parties up to ₹250 crore

• Authorization for investments, loans, or guarantees to any person or body corporate up to ₹250 crore

• Approval for material related party transactions with Café Gujjubhai Private Limited, conducted at arm's length and in the ordinary course of business