Promoter Chetan Navnitlal Shah has disposed of a significant stake in Ashapura Minechem Limited through an off-market transaction, reducing his shareholding from 14.45% to 6.85%. The disposal involves 72,60,047 equity shares, representing 7.60% of the company's total share capital.

Transaction Details

The share disposal was executed on February 24, 2026, through an off-market transaction without consideration. This transaction was conducted to streamline succession planning and ensure continued welfare of the promoter family, pursuant to SEBI Exemption Order NO. WTM/KCV/CFD/16/2025-26.

Shareholding Pattern Changes

The disposal has resulted in a significant change in the promoter's shareholding pattern. Prior to this transaction, Chetan Navnitlal Shah held 1,38,07,814 equity shares, constituting 14.45% of the company's total share capital.

Regulatory Compliance

The transaction has been disclosed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed with both BSE Limited and National Stock Exchange of India Limited on February 25, 2026.

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

Corporate Structure Impact

This disposal represents a strategic move by the promoter to restructure shareholding for succession planning purposes. The transaction was executed under SEBI exemption provisions, indicating it aligns with regulatory frameworks for promoter family welfare and business continuity planning. The disposal does not affect the company's total share capital or diluted share capital, which remains at 9,55,26,098 equity shares.

Ashapura Minechem Limited has disclosed another acquisition of equity shares by its promoter Chetan Navnitlal Shah through open market purchase. The latest transaction involved 85,000 equity shares completed on February 20, 2026, following a previous acquisition of 49,000 shares on February 18, 2026. Both transactions were disclosed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011.

Latest Transaction Details

The recent acquisition represents a continued strategic increase in the promoter's stake in the company. Shah purchased the shares through open market transactions, demonstrating sustained confidence in the company's prospects.

Updated Shareholding Pattern

Following the latest acquisition, Shah's total holding in Ashapura Minechem has increased significantly. The combined effect of both recent transactions has resulted in a notable increase in the promoter's shareholding percentage.

Company Information

Ashapura Minechem Limited's equity shares continue to be listed on both major Indian stock exchanges. The company's share capital structure remains unchanged following these promoter acquisitions.

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers. The promoter has fulfilled all mandatory reporting requirements under the applicable regulations. The transaction does not involve any encumbrance, voting rights other than equity shares, or convertible securities.

The acquisitions reflect the promoter's continued involvement in the company's equity structure, with no changes to the overall share capital or diluted voting capital of Ashapura Minechem Limited. The formal disclosure was digitally signed and submitted to both BSE and NSE as per regulatory requirements.