The Board of Directors of Sayaji Industries Limited has authorized Mr Priyam B Mehta, Mr Varun P Mehta and Mr Vishal P Mehta individually and jointly to enter into a Joint Venture Agreement with Societe Development Products 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 Development Products Afrique - SDPA, France will hold 50% each in Sayaji Ingritech LLP which is presently a subsidiary of the company.