Gujarat Ambuja Exports Ltd: Updates on outcome of Board Meeting

Gujarat Ambuja Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2011, inter alia, has approved the following:

1. Considered re-appointment of Statutory Auditors of the Company subject to approval of the members at the ensuing 20th Annual General Meeting,

2. Considered re-appointment of Directors retiring by rotation at Annual General Meeting, to be further taken up at the ensuing 20th Annual General Meeting for members' approval.

3. considered and approved revision in terms of remuneration of Mr. Siddharth Agrawal, Vice President (Works) U/s. 314 (1) of the Companies Act, 1956 subject to approval of Members in the Annual General Meeting.

4. Appointment of Cost Auditors for Cotspin Division of the Company for F.Y. 20111-12.

5. Delisting of Equity shares from Ahmedabad Stock Exchange Ltd.