With Reference to earlier letter dated March 30, 2019 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Sayaji Industries has informed that the Company has signed a joint venture agreement with Societe Developpement Produits Afrique - SDPA, France, the holding company of Alland and Robert for manufacturing of Gum Arabic/ Gum Acacia, Gum Ghatti and Gum blends. The Joint Venture will be a 50:50 venture, wherein the Company and Societe Developpement Produits Afrique - SDPA, France will hold 50% each in Sayaji Ingritech LLP which is presently a subsidiary of the company. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 is given in annexure A to this Letter.
The above information is a part of company’s filings submitted to BSE.
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