Gujjubhai Industries

Gujjubhai Industries approved the proposed acquisition of 100% of Café Gujjubhai Private Limited for ₹15.90 crore, valuing 2,51,880 shares at ₹631.26 each. The consideration was to be settled through the issue of up to 12,04,915 Gujjubhai Industries shares at ₹131.96 each, with ₹1,185.40 paid in cash for fractional entitlements. Café Gujjubhai operated in the food-and-beverage and quick-service restaurant industries and recorded turnover of ₹2.44 crore in FY25, against ₹4.99 crore in FY24. The target shared common promoters with the listed company, making the transaction a related-party matter, and completion required shareholder and other applicable approvals. Gujjubhai Industries had reported FY26 revenue of ₹127.07 crore across commodity trading, snacks and food retail. One acquisition annexure referred to 10,07,520 shares for the share-swap consideration, while the board resolution and allottee schedule referred to 12,04,915 shares. The board also approved Shaili Vijaybhai Patel's appointment as chairperson and whole-time director and scheduled the annual general meeting for 30 September.

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Paresh Harishkumar Thakker resigned as managing director of Gujjubhai Industries, with the cessation date set at 10 August 2026. No reason was given for his departure. On 29 July, Bhavin Mehta had resigned as a director and Sagar Mavani had been appointed an additional independent director. The company reported FY26 revenue of ₹127.07 crore and net profit of ₹5.18 crore.

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Gujjubhai Industries received board approval to avail financial facilities of up to ₹24.17 crore from Axis Bank’s NWBC Bangalore branch. The board cleared the borrowing proposal at its meeting on June 24, 2026, marking a fresh credit relationship with the bank. The facility is expected to bolster the company’s working capital and support its operations following the recent merger and rebranding from Sumuka Agro Industries.

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