Sayaji Industries Ltd — Important, 29-01-2026: Company Update

Sayaji Industries has formed a 50:50 joint venture with France's Nigay SAS to establish a caramel manufacturing facility in Ahmedabad. This strategic entry into the caramel business aims to capitalize on high demand in emerging markets like India, the Middle East, Africa, and Southeast Asia, driven by growth in beverages, bakery, and food sectors. Management anticipates this focus on niche products will enhance long-term profitability. The new plant is expected to commence operations by the end of 2027, marking a significant expansion for Sayaji Industries.