Gujarat Ambuja Exports Limited (GAEL), a leading agro-processing and export company in India, has officially announced the superannuation of Mr. Kamal Kar Syal, the President and Senior Management Personnel, with effect from the close of working hours on 30th April, 2025. The communication was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is part of the company's routine leadership transition process.

This disclosure was submitted via electronic filing to both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange of India), under the respective codes BSE: 524226 and NSE Symbol: GAEL, in adherence to SEBI’s transparency and timely disclosure standards.

The company issued the disclosure with reference number GAEL\STOCK37\2025\16, dated 30th April 2025, confirming that Mr. Kamal Kar Syal has superannuated upon attaining the age of retirement, as per the terms of his appointment. This development marks the end of his tenure in the leadership role at GAEL, where he served with distinction as President and played a pivotal role in strategic and operational functions of the company.

In line with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, the company also enclosed Annexure - A, which provides the structured disclosure mandated by SEBI for changes in senior management.

Key details from Annexure - A are as follows:

1. Reason for change:
   Mr. Kamal Kar Syal has retired due to superannuation, marking his cessation as President and Senior Management Personnel of Gujarat Ambuja Exports Limited, effective end of working hours on 30th April, 2025.

2. Date of cessation:
   30th April, 2025 (close of working hours).

3. Brief profile (if applicable):
   Not Applicable, since this is a cessation and not a new appointment.

4. Disclosure of relationships between directors:
   Not Applicable.

This disclosure is part of the company’s routine regulatory filings and ensures that all stakeholders, including shareholders, stock exchanges, and regulatory authorities, are informed about significant changes in the company’s leadership.

The company secretary, Mr. Kalpesh Dave (ACS-32878), has signed off on this communication, reaffirming that the disclosure has been uploaded on the company’s official website — www.ambujagroup.com — for public access and transparency.

GAEL’s decision to formally disclose the superannuation of Mr. Syal aligns with best practices in corporate governance and reflects its commitment to upholding high standards of compliance and transparency. It also demonstrates the company's intent to honour the contributions of its senior leadership while ensuring smooth succession planning.

As of now, no new appointment to replace Mr. Syal has been disclosed, and further announcements, if any, regarding leadership restructuring are expected in due course.

The company's timely filing under SEBI regulations indicates its ongoing efforts to maintain clarity in corporate communication, which is crucial for investor trust and market stability. These developments are also essential for stakeholders tracking corporate governance and leadership transitions in listed entities like GAEL.

Conclusion:

The retirement of Mr. Kamal Kar Syal from Gujarat Ambuja Exports Limited signifies an important transition in the company’s management framework. While the leadership change was anticipated due to superannuation, the formal communication underlines GAEL’s robust internal policies for regulatory compliance and its transparent approach toward disclosing material events. Stakeholders and analysts will be closely watching for any upcoming announcements regarding his successor or interim leadership responsibilities.

The Upcoming IPOs in this week and coming weeks are  Wagons Learning, Srigee DLM, Manoj Jewellers.

The Current active IPO are Kenrik Industries,Arunaya Organics, Ather Energy, Iware Supplychain Services.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.