Ashapura Minechem , a leading multi-minerals solution provider in India, has issued a correction to its quarterly press release, addressing typographical errors in the financial figures. The revised consolidated results showcase impressive growth across key metrics.

Financial Highlights

The corrected financial results reveal:

All figures in Rs. Crores

Strong Performance in Bauxite Exports

Ashapura Minechem's bauxite export business from Guinea demonstrated exceptional performance:

• Record quarterly exports of 2.05 Million Metric Tonnes (MMT)
• Highest quarterly export volume in company history
• Significant increase compared to 3.37 MMT exported during the entire FY 2024-25

The company attributes this success to strong demand in the aluminum industry, which is expected to see consistent growth due to increased usage in various applications.

Growth Across Business Verticals

All of Ashapura Minechem's business verticals in India reported growth in both volume and revenue for the quarter. The management anticipates this positive trend to continue in subsequent quarters.

Investor Communication

To enhance transparency and investor relations, Ashapura Minechem plans to:

• Share quantity data periodically for its Guinea operations
• Provide detailed breakdowns of financial metrics for its various business segments
• Host an investor call in the first week of September 2025

Management Statement

Hemul Shah, Executive Director & CEO of Ashapura Minechem Ltd., stated in the LODR filing, "We request you to kindly note the aforesaid corrections and take on record the revised version. Thank you for your understanding and cooperation."

The correction in the press release demonstrates the company's commitment to accurate financial reporting and transparency with its stakeholders. With strong performance across its business segments and record-breaking exports from its Guinea operations, Ashapura Minechem appears well-positioned for continued growth in the multi-minerals sector.

Ashapura Minechem , a prominent player in the mining and minerals sector, has successfully resolved a significant tax dispute, leading to the restoration of ₹259.20 crore in previously disallowed losses. This development marks a positive turn for the company's financial outlook.

Tax Dispute Resolution

The company announced that it has reached a settlement with tax authorities regarding a contentious issue that had resulted in the disallowance of substantial losses. The successful resolution of this matter has allowed Ashapura Minechem to reclaim ₹259.20 crore in losses, which were earlier disputed by the tax authorities.

Financial Implications

The restoration of these losses is expected to have a favorable impact on Ashapura Minechem's financial position. By regaining the ability to recognize these losses, the company may potentially benefit from:

• Improved financial statements
• Possible tax benefits in future fiscal years
• Enhanced investor confidence due to the resolution of a significant financial uncertainty

Corporate Governance

This successful negotiation with tax authorities demonstrates Ashapura Minechem's commitment to resolving outstanding financial issues. It also highlights the company's proactive approach to managing its tax affairs and addressing regulatory challenges.

The resolution of this tax dispute may be seen as a positive step towards greater financial clarity and stability for Ashapura Minechem. Shareholders and market observers will likely view this development as a sign of the company's ability to effectively manage and resolve complex financial matters.

As the mining and minerals sector continues to face various regulatory and economic challenges, Ashapura Minechem's success in settling this tax dispute could potentially strengthen its position in the industry and provide a more solid foundation for future growth and operations.