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Gujarat Ambuja Exports Ltd. Company History and Annual Growth Details


Gujarat Ambuja Exports Ltd., a company incorporated under the companies act 1956, in the State of Gujarat, was established as a public limited company on 21st August 1991. Certificate of commencement of business was obtained on 23rd August 1991. The immediate object of the company is to manufacture castor oil with the capacity of 65,000 mt/annum.

The company is promoted by Mr Vijay Kumar Gupta Gujarat Ambuja Proteins Ltd. and Ambuja Foods Ltd., Mr Vijay Kumar Gupta, is a leading industrialist from Gujarat having varied business interest and experience. Mr Vijay Kumar Gupta owns and runs flour mills, edible oil refineries and solvent extraction plants in Gujarat & Rajasthan.


2000 - The Company has entered into arrangements with CDSL & NSDL for
Demat.

- The Company has promoted an Information Technology Project by promoting
Jupiter Infosoft Ltd. JIL has already launched an e-commerce portal
www.gujarateshop.com and has built up the excellent team which is engaged
in development of community portals.

- The Company has allotted 63 lakh equity shares of Rs 10 each at a premium of
Re 1 each to the holders of 6.3 lakh optionally convertible unsecured debentures
of Rs. 110 each.

2001 - The Company has been assigned revised P1+ rating for commercial paper
programme of Rs 5 crore by Crisil.


2003

-Outcome of AGM

1) Appointment of Shri Prakash G Ramrakhani as Director of the Company who was
an Additional Director on the Board.

2) Appointment of Shri Ashok C Gandhi as Director of the Company who was an Additional Director on the Board.

3) Re-appointment of Shri Manish Gupta, as Managing Director of the Company.

4)Authority to Issue and allot 41,40,000 Equity Shares of the Company.

5)Authority to delist Equity Shares from Delhi and Jaipur Stock Exchanges.

2004

-Gujarat Ambuja Exports Limited has informed that the Company has received approval for delisting of equity shares from The Delhi Stock Exchange Association Limited approving delisting of the Equity shares from the said stock exchange from December 29, 2003. The Company has also received in principle approval from the Jaipur Stock Exchange for delisting of Equity Shares

-Jupiter Biotech Ltd. amalgamated with the company, company allots 4,098,000 equity shares of Rs 10 each to the shareholders of Jupiter Biotech Ltd. as per exchange ratio of 1:1 approved in the Scheme of Amalgamation

2008

-Gujarat Ambuja Exports Limited has appointed Shri Sanjay S Maniar as Company Secretary and Compliance officer of the Company w.e.f. January 25, 2008.
 
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