Ashapura Minechem has recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026. The Board of Directors approved the payout during its meeting on May 28, 2026. Shareholders on record as of September 22, 2026, will be eligible for the distribution, subject to approval at the ensuing Annual General Meeting.

Dividend Details

The company fixed Tuesday, September 22, 2026, as the record date to determine entitlement for the final dividend. Each equity share has a face value of ₹2. The payout is contingent upon shareholder ratification at the AGM.

Tax Deduction at Source

Dividends are taxable in the hands of shareholders under the Income Tax Act, 2025. The company will deduct tax at source (TDS) at prescribed rates plus applicable surcharge and cess. Resident individual shareholders with valid PAN details registered with their depository participant face a TDS rate of 10%. Those without valid PAN or unlinked Aadhaar face a 20% rate. No TDS is deducted if total dividend income remains below ₹10,000 in FY27 or if shareholders submit Form 121.

Non-resident shareholders are subject to a withholding tax of 20% unless they claim benefits under a Double Tax Avoidance Agreement (DTAA). To avail DTAA benefits, non-residents must submit a Tax Residency Certificate, Form 41, and other required documentation by the record date.

Shareholder Instructions

Shareholders must update their PAN, bank account details (including IFSC and MICR codes), and residential status in their demat accounts before September 22, 2026, to ensure seamless electronic payout. Tax exemption forms and supporting documents can be submitted via the RTA web portal or emailed to the company secretary by the record date. Incomplete submissions will result in higher TDS deductions.

Ashapura Minechem Limited has scheduled its 45th Annual General Meeting for Tuesday, September 29, 2026, at 3:00 pm via Video Conferencing or Other Audio Visual Means. The company issued the AGM notice on September 3, 2026, and published it in newspapers on September 4, 2026.

The meeting aims to transact business as outlined in the notice dated August 27, 2026. Shareholders can access the complete Annual Report for FY26 through the investor relations section of the company’s website.

E-Voting Process

Members are eligible to cast their votes electronically using the system provided by Central Depository Services (India) Limited. The remote e-voting period commences on Friday, September 25, 2026, at 9:00 am and concludes on Monday, September 28, 2026, at 5:00 pm.

Voting rights are determined by the equity shares held as of the cut-off date, Tuesday, September 22, 2026. Members who have not voted remotely will be eligible to vote during the AGM. Those who have already cast their remote votes may attend the meeting but cannot vote again.

Shareholder Communication

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company sent electronic copies of the notice to members with registered email addresses as of August 28, 2026. Physical letters containing a web-link to the notice were dispatched to shareholders who have not registered their email details.

Sachin Polke, Company Secretary and President (Corporate Affairs), signed the communication. He urged shareholders to update their contact information with depository participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to receive future communications electronically.

Dividend and Record Date

If declared, the dividend will be paid after September 29, 2026, to members whose names appear in the Register of Members as of close of business on Tuesday, September 22, 2026. This date serves as both the cut-off date for voting rights and the record date for dividend eligibility.