Chaitali Nishit Salot Family Trust has completed the acquisition of 55,88,340 equity shares in Ashapura Minechem Limited, representing a 5.85% stake in the company. The transaction was executed on 24th February, 2026, through an off-market mechanism as part of strategic succession planning within the promoter family structure.

Transaction Details

The acquisition represents a significant shareholding movement within the promoter group structure. Key transaction parameters are outlined below:

Regulatory Compliance and Structure

The trust has filed the mandatory disclosure under Regulation 29(1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 with both BSE Limited and National Stock Exchange of India Limited. Chetan Navnitlal Shah serves as the Managing Trustee of Chaitali Nishit Salot Family Trust, which operates from Jeevan Udyog Building in Mumbai's Fort area.

SEBI Exemption Framework

The acquisition was conducted under SEBI Exemption Order NO. WTM/KCV/CFD/16/2025-26, issued under sub-section (1) of section 11 and clause (h) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992. This exemption facilitates the transaction without monetary consideration, specifically designed to streamline succession planning and ensure continued welfare of the promoter family.

Share Capital Context

The company's total equity share capital remains unchanged at 9,55,26,098 equity shares of ₹2 each, as this represents an internal transfer within the promoter group structure rather than fresh issuance of shares. The transaction demonstrates the ongoing organizational restructuring within Ashapura Minechem's promoter ecosystem while maintaining regulatory compliance and transparency standards.

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.