Ashapura Minechem has witnessed significant shareholding changes as two family trusts acquired a combined 72,60,047 equity shares through off-market transactions on February 24, 2026. The transfers were conducted as part of succession planning initiatives within the promoter group, executed without monetary consideration under SEBI regulatory exemptions.

Family Trust Acquisitions

The share acquisitions involved two distinct family trusts, both belonging to the promoter group category. The transactions were structured to facilitate succession planning and ensure continued welfare of the promoter family.

Both trusts had no prior shareholding in the company before these acquisitions. The Manan Chetan Shah Family Trust is managed by Chetan Navnitlal Shah as Managing Trustee, while the Chaitali Nishit Salot Family Trust is also under the trusteeship of Chetan Navnitlal Shah.

Promoter Shareholding Changes

Simultaneously with the trust acquisitions, promoter Chetan Navnitlal Shah disposed of 72,60,047 shares, representing the exact number acquired by the two family trusts. This transfer resulted in a significant reduction in his direct shareholding.

Transaction Details and Regulatory Compliance

The off-market transactions were conducted under specific regulatory provisions to facilitate family succession planning. The transfers were executed without consideration, meaning no monetary exchange occurred between the parties.

Key transaction parameters include:

• Transaction Date: February 24, 2026
• Mode: Off-market transaction without consideration
• Purpose: Succession planning and continued welfare of promoter family
• Regulatory Framework: SEBI Exemption Order NO. WTM/KCV/CFD/16/2025-26

The company's total equity share capital remained unchanged at 9,55,26,098 equity shares of ₹2 each both before and after the transactions. The shares are listed on BSE Limited and National Stock Exchange of India Limited.

Regulatory Disclosures

The transactions were disclosed under Regulation 29(1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. All filings were completed on February 25, 2026, with proper documentation submitted to both stock exchanges where the company's shares are listed.

The restructuring reflects a strategic approach to family wealth management and succession planning within the promoter group, while maintaining compliance with securities regulations and disclosure requirements.

Manan Chetan Shah Family Trust has acquired a significant stake in Ashapura Minechem Limited through an off-market transaction, as disclosed in a regulatory filing dated February 25, 2026. The acquisition represents a strategic move in succession planning for the promoter family.

Acquisition Details

The trust acquired 16,71,707 equity shares of Ashapura Minechem Limited on February 24, 2026, representing 1.75% of the company's total voting capital. The transaction was completed through an off-market mechanism without consideration, specifically designed to streamline succession planning and ensure continued welfare of the promoter family.

Regulatory Compliance

The acquisition was conducted under SEBI Exemption Order NO. WTM/KCV/CFD/16/2025-26, issued under sub-section (1) of section 11 and clause (h) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992. This exemption specifically covers transactions related to succession planning within promoter families.

The disclosure was filed in compliance with Regulation 29 (1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, demonstrating adherence to regulatory requirements for substantial shareholding changes.

Shareholding Position

Prior to this acquisition, the Manan Chetan Shah Family Trust held no shares in Ashapura Minechem Limited. Following the transaction, the trust's shareholding position stands as follows:

Company Capital Structure

Ashapura Minechem Limited's equity share capital remains unchanged following this transaction. The company maintains its total equity share capital of 9,55,26,098 equity shares of Rs. 2 each. The shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Trust Information

Manan Chetan Shah Family Trust is managed by Chetan Navnitlal Shah as the Managing Trustee. The trust operates from its registered office at 3rd Floor, Jeevan Udyog, 278, D N Road, Fort, Mumbai – 400 001. The trust is classified as belonging to the promoter/promoter group category of Ashapura Minechem Limited.

This acquisition represents a structured approach to family succession planning within the promoter group, executed through proper regulatory channels and exemption mechanisms provided under SEBI regulations.