Sumuka Agro Industries Ltd

Sumuka Agro Industries Ltd

Sumaka Agro Industries Limited was incorporated in June 26th 1989. Currently the Company is engaged in the business of trading and retailing of a wide array of dry fruits products. In addition to this it has ventured into other business segments of educational books training and consulting services to revive the Company's commercial operations and generate revenues.During FY 2016 Hie Equity Shares of the Company continued to be listed and traded on the BSE Limited (BSE). Further the Securities and Exchange Board of India (SEBI) issued SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) on 2nd September 2015. The Listing Regulations were effective from 1st December 2015. Accordingly all the listed entities were required to execute fresh listing agreement with Stock Exchanges where the shares of the Company were listed. The fresh agreement had to be executed within six months from the effective date. The Company entered into fresh Listing Agreement with BSE Limited (BSE) on 13th February 2015.During the year 2016 the Board of Directors of the Company had decided to diversify its business from paper industry to agro-based industry. The Board of Directors had also decided to adopt new set of Memorandum & Articles of Association of the Company as per the Companies Act 2013. In this connection approval of the shareholders and approval of the Registrar of Companies and other required authorities was sought through postal ballot.During the year 2016 in connection with changes in main object of the Company the Board of Directors decided to change the name of the Company and accordingly approval of the shareholders and approval of Registrar of Companies was sought through postal ballot. The Company received approval from the Registrar of Companies vide its letter dated July 25 2016 for the name 'Sumuka Agro Industries Limited.'During the year 2017 Paresh Thakker sole proprietor of SI AM A A'S (Trade Mark) had entered into an Assignment Deed with the Company to assign the said Trade Mark together with the goodwill of business for the consideration sum of Rs. 15000/-.During the year under review 2017 the main object of the Company has been changed from paper industry to agro-based industry. The changes in main object of the Company were approved by the members through Postal Ballot including e voting and results were declared on September 8 2016. The certificate for the same has been issued to the Company by the Registrar of Companies Ahmedabad dated September 8 2016.During the year 2017 the name of the Company was changed from M/s Superb Papers Limited to M/s Sumuka Agro Industries Limited with effect from September 15 2016. The change of name was approved by the members through Postal Ballot including e voting and results were declared on September 8 2016. The fresh Certificate of Incorporation has been issued to the Company by the Registrar of Companies Ahmedabad dated September 15 2016.During the year 2019 the Equity Shares of the Company were listed on Vadodara Stock Exchange Limited (VSE) and Ahmedabad Stock Exchange Limited. However Securities and Exchange Board of India (SEBI) vide orders dated November 09 2015 and April 02 2018 had directed the exit of Vadodara Stock Exchange Limited (VSE) and Ahmedabad Stock Exchange Limited (ASE) as a stock exchange with effect from 09 November 2015 and 02 April 2018 hence the equity shares of the Company which was listed on VSE and ASE prior to the exit order ceases to be listed on VSE & ASE with effect from 09 November 2015 and 02 April 2018 respectively. Further Ahmedabad Stock Exchange Limited had voluntarily applied to SEBI for surrendering of license as stock exchange vides letter no. 254 dated July 11 2014.