Gujarat Ambuja Exports announced a ₹333 crore investment for a new 850 TPD greenfield corn wet milling plant in Hubli, Karnataka. The facility will be set up adjacent to the existing 750 TPD unit and is expected to be commissioned by Q4 of FY29.

The expansion is funded through internal accruals. Post-completion, the total manufacturing capacity at the Hubli unit will increase to 1600 TPD. This includes 700 TPD of corn starch, 400 TPD of sweeteners and derivatives, and 500 TPD of feed ingredients.

Capacity Expansion Details

The proposed state-of-the-art facility aims to diversify output across three key segments. The breakdown of production capacity at the new Hubli facility is as follows:

Strategic Outlook

The company currently has an existing capacity of 5600 TPD in corn wet milling. This addition reinforces its position as India's largest maize processing company. Gujarat Ambuja Exports plans to leverage this addition to reach a consolidated capacity of 9000 TPD by 2030.

What the Numbers Show

The allocation of capacity reveals a clear prioritization of high-margin derivatives over bulk commodities. Corn starch and sweeteners together account for 550 TPD, or roughly 65% of the new plant's total throughput. This suggests a strategic shift toward value-added products rather than simple volume expansion in feed ingredients.

Gujarat Ambuja Exports Limited held its 35th Annual General Meeting on September 5, 2026, where shareholders approved a final dividend of ₹0.30 per equity share for FY26.

The meeting, conducted via video conferencing, commenced at 11:00 am and concluded at 12:31 pm. Members adopted the audited consolidated financial statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.

Key Resolutions Passed

Shareholders transacted both ordinary and special business during the proceedings. The key outcomes included:

• Adoption of audited financial statements for FY26
• Declaration of final dividend of ₹0.30 (30%) per equity share with a face value of ₹1
• Re-appointment of Manish Vijaykumar Gupta as Director, who retires by rotation
• Ratification of remuneration for Cost Auditors for FY27

Management Participation

Manish Vijaykumar Gupta, Chairman & Managing Director, chaired the meeting. Other directors present included Sandeep Agrawal, Shreyaan Manish Gupta, Yogesh Ghanshyambhai Shah, Sudhin Bhagwandas Choksey, Gauri Surendra Trivedi, and Dukhabandhu Rath. Giridhar Nagaraj, Chief Financial Officer, presented detailed insights into the company’s financial performance for FY26.

Statutory Auditors Kantilal Patel & Co. and Secretarial Auditors TNT & Associates were also present via video conference to address member queries regarding the audit process and voting procedures.

Voting Process

The Company Secretary informed members that the e-voting facility remained open for an additional 30 minutes post-meeting for those who had not cast their votes. The consolidated voting results will be submitted to BSE Limited and the National Stock Exchange of India Limited in accordance with Regulation 44 of the SEBI Listing Regulations.

Results will be displayed at the company’s registered office and published on its website and the Central Depository Services (India) Limited portal.