Ashapura Minechem Limited , a prominent player in the mining and minerals sector, has reported a change in its promoter shareholding. Chetan Navnitlal Shah, a key promoter of the company, has increased his stake through a gift transaction, as disclosed in a recent regulatory filing.

Transaction Details

On September 29, 2025, Chetan Navnitlal Shah acquired 35,000 equity shares of Ashapura Minechem Limited through a gift arrangement. This transaction has resulted in a marginal increase in his shareholding in the company.

Shareholding Impact

Prior to the acquisition, Shah held 1,36,38,814 shares, representing 14.28% of the company's total share capital. Following the gift transaction, his shareholding has increased to 1,36,73,814 shares, which now accounts for 14.31% of the total equity.

Regulatory Compliance

In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, Ashapura Minechem Limited has duly informed the stock exchanges about this change in promoter shareholding. The disclosure was made on October 1, 2025, adhering to the regulatory requirements.

Company Overview

Ashapura Minechem Limited has a total equity share capital of 9,55,26,098 shares, with each share having a face value of Rs. 2.

Market Implications

While the transaction was executed at no cost through a gift arrangement, it demonstrates the promoter's continued confidence in the company. Such promoter actions are often closely watched by market participants as they may provide insights into the company's internal perspective.

This development comes as part of the ongoing dynamics in the promoter group's shareholding pattern. Investors and market analysts may take note of this change, albeit minor, in the context of the company's overall ownership structure.

Ashapura Minechem Limited , a leading multi-mineral solutions company, has reported a robust financial performance for the first quarter, with its Guinea bauxite operations driving significant growth. The company held its maiden earnings conference call to discuss the results and future outlook.

Strong Financial Performance

Ashapura Minechem posted consolidated revenue of INR 1,355.00 crores for Q1, representing an impressive year-on-year growth of 89.8%. This substantial increase was primarily attributed to the company's Guinea bauxite operations, which contributed 79.3% of the total revenue.

The company's EBITDA saw a remarkable growth of 106.8%, reaching INR 187.73 crores. EBITDA margins expanded to 13.85%, showing an improvement of 114 basis points year-on-year. Profit Before Tax (PBT) stood at INR 131.84 crores, growing 102.5% year-on-year with a PBT margin of 9.73%.

Guinea Operations: A Key Growth Driver

Ashapura Minechem's operations in Guinea have emerged as a significant contributor to its success. In Q1, the company exported over 2 million metric tons of bauxite, compared to 3.37 million tons for the entire previous fiscal year. This substantial increase in export volume underscores the rapid scaling of the company's Guinea operations.

The company's Guinea business is supported by three bauxite concessions with reserves exceeding 700 million tons. Additionally, Ashapura holds iron ore reserves of over 300 million tons in the country. To support these operations, the company has invested more than $135 million in infrastructure development in Guinea, including the construction of three ports with a current capacity of 16 million tons, expandable to 27 million tons by Q1 FY27.

Future Outlook and Expansion Plans

Ashapura Minechem has set ambitious targets for its Guinea operations. The company aims to reach bauxite exports of 15 million tons by FY27-28. To achieve this, it plans to expand its port capacity to 27 million metric tons by Q1 FY27.

The company is also advancing its iron ore business in Guinea, opting for a structured model of supplying mined ore to a local beneficiation plant. This approach is expected to contribute meaningfully to the profitability of the Guinea business in the coming years.

Indian Operations: Focus on Value-Added Products

While Guinea operations drive volume growth, Ashapura's Indian operations focus on value-added mineral products. The company has established itself as the largest bentonite producer in India and the third-largest globally. It also holds leading positions in various other mineral products, including bleaching clay and kaolin.

The company operates a state-of-the-art R&D facility spread over 12 acres, employing more than 75 scientists. This facility plays a crucial role in developing new products and applications, supporting Ashapura's strategy of creating higher value from its mineral resources.

Management Commentary

Chetan Shah, Chairman of Ashapura Group, commented on the company's performance and strategy: "We have transformed from a single-product company to a multi-minerals, multi-solutions company. Our strategy of focusing on value-added mineral products in India while pursuing volume growth in Guinea is yielding positive results."

Manan Shah, from the Promoter Group, added: "We expect to see steady and sustainable growth in our Guinea operations in the years ahead. Our target is to export 15 million tons of bauxite by FY27-28, supported by our expanding infrastructure and strategic partnerships."

With its strong performance in Q1 and clear growth strategies for both its Guinea and Indian operations, Ashapura Minechem appears well-positioned for continued success in the global minerals market.