Ashapura Minechem Limited, a prominent player in the mining and minerals industry, has announced plans to acquire the entire stake in its step-down subsidiary, Ashapura Holdings (UAE) FZE (AHUF). This strategic move is aimed at streamlining operations and implementing internal restructuring within the organization.

Acquisition Details

The Board of Directors of Ashapura Minechem, in a meeting held on 1st October, 2025, decided to acquire the complete equity share capital of Ashapura Holdings (UAE) FZE. The acquisition involves purchasing 3,000 shares of AED 1,000 each, totaling AED 3,000,000, currently held by Ashapura Minechem (UAE) FZE (AMUF), a wholly-owned subsidiary of Ashapura Minechem Limited.

Strategic Rationale

The primary objective behind this acquisition is to streamline operations as part of the company's internal restructuring efforts and to realign its organizational structure in the United Arab Emirates. Upon completion of the transaction, Ashapura Holdings (UAE) FZE will become a direct wholly-owned subsidiary of Ashapura Minechem Limited.

Financial Implications

The acquisition is set to be completed through a cash consideration, with Ashapura Minechem acquiring the shares at face value. This move is expected to have a significant impact on the company's operations in the UAE region.

About Ashapura Holdings (UAE) FZE

Ashapura Holdings (UAE) FZE, incorporated on 2nd May, 2007 in the UAE, is primarily engaged in the business of investment of own resources and business consultancy. The company has demonstrated strong financial performance in recent years:

Regulatory Compliance

The acquisition falls under the related party transaction category, as AHUF is currently a step-down subsidiary of Ashapura Minechem Limited. The company has assured compliance with all necessary corporate legislations and regulatory approvals required for the acquisition.

Timeline and Impact

Ashapura Minechem expects to complete the acquisition within approximately two months. This strategic move is anticipated to enhance operational efficiency and strengthen the company's presence in the UAE market.

As Ashapura Minechem continues to evolve its corporate structure, this acquisition marks a significant step towards optimizing its international operations and potentially unlocking new growth opportunities in the region.

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.