Gujarat Ambuja Exports Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of three new independent directors. The voting results, announced on December 22, 2025, demonstrate strong shareholder confidence in the proposed board changes.

Postal Ballot Results

The remote e-voting process concluded on December 20, 2025, with scrutinizer CS Chirag Shah (Membership No. FCS: 5545, CP No: 3498) of M/s. Chirag Shah Associates submitting his comprehensive report. The voting results for all three resolutions showed exceptional shareholder support:

A total of 435-437 equity shareholders participated in the voting process, representing 65.46% of the total paid-up equity capital. The remote e-voting facility remained open from November 21, 2025 (9:00 a.m.) to December 20, 2025 (5:00 p.m.).

Approved Board Appointments

Shareholders have formally approved the appointment of three Additional Directors in the category of Non-Executive Independent Directors, each for a term of five consecutive years, effective November 8, 2025:

Voting Process Details

The company conducted the postal ballot exclusively through remote e-voting in compliance with MCA Circulars. The postal ballot notice dated November 8, 2025 was dispatched electronically to members on November 20, 2025. The company also published newspaper advertisements in The Indian Express (English) and Financial Express (Gujarati) on November 21, 2025.

Recent Financial Performance

Prior to these appointments, Gujarat Ambuja Exports reported mixed financial results for Q2 2025. While the company achieved strong revenue growth of 32.19% year-over-year to ₹1,486.69 crore, profitability declined with net profit decreasing by 45.23% to ₹38.08 crore compared to the same quarter last year.

Governance Strengthening

The overwhelming shareholder approval reflects confidence in the company's governance enhancement strategy. These appointments bring diverse expertise spanning banking, accounting, and public administration to Gujarat Ambuja Exports' board, potentially supporting the company's strategic initiatives across its diversified business segments including maize processing, agro processing, spinning, and renewable power divisions.

The successful completion of the postal ballot process and strong shareholder participation demonstrate effective corporate governance practices and stakeholder engagement at Gujarat Ambuja Exports Limited.

Gujarat Ambuja Exports has officially commenced commercial production at its new manufacturing facility in Hubli, Karnataka. The company announced that commercial operations began on December 19, 2025, at approximately 9:45 a.m., marking a significant operational milestone in India's specialty chemicals sector.

Plant Specifications and Technology

The newly operational facility brings cutting-edge manufacturing capabilities to the Indian market with several key features:

The facility utilizes maize starch fermentation technology, making it the first plant of its kind in India. This technological advancement positions Gujarat Ambuja Exports at the forefront of specialty chemical manufacturing in the country.

Expansion Strategy and Future Plans

Gujarat Ambuja Exports has outlined an ambitious growth trajectory for the Hubli facility. The company plans to significantly expand the plant's production capacity through strategic scaling:

The company aims to introduce additional products in the maize fermentation-based segment, demonstrating confidence in market demand and commitment to scaling operations.

Regulatory Compliance and Strategic Significance

The commencement announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the strategic importance of this development. The plant's operational status represents several key advantages:

• Introduction of first-of-its-kind maize starch fermentation technology in India
• Strategic expansion into specialty chemicals market
• Establishment of manufacturing presence in Karnataka
• Foundation for substantial capacity growth through 2028

The facility marks the beginning of a new chapter for Gujarat Ambuja Exports in the specialty chemicals sector, with sodium gluconate production serving as a key growth driver for the company's diversification strategy in maize fermentation-based products.