Manan Chetan Shah Family Trust has acquired a significant stake in Ashapura Minechem Limited through an off-market transaction, as disclosed in a regulatory filing dated February 25, 2026. The acquisition represents a strategic move in succession planning for the promoter family.

Acquisition Details

The trust acquired 16,71,707 equity shares of Ashapura Minechem Limited on February 24, 2026, representing 1.75% of the company's total voting capital. The transaction was completed through an off-market mechanism without consideration, specifically designed to streamline succession planning and ensure continued welfare of the promoter family.

Regulatory Compliance

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 specifically covers transactions related to succession planning within promoter families.

The disclosure was filed in compliance with Regulation 29 (1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, demonstrating adherence to regulatory requirements for substantial shareholding changes.

Shareholding Position

Prior to this acquisition, the Manan Chetan Shah Family Trust held no shares in Ashapura Minechem Limited. Following the transaction, the trust's shareholding position stands as follows:

Company Capital Structure

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

Trust Information

Manan Chetan Shah Family Trust is managed by Chetan Navnitlal Shah as the Managing Trustee. The trust operates from its registered office at 3rd Floor, Jeevan Udyog, 278, D N Road, Fort, Mumbai – 400 001. The trust is classified as belonging to the promoter/promoter group category of Ashapura Minechem Limited.

This acquisition represents a structured approach to family succession planning within the promoter group, executed through proper regulatory channels and exemption mechanisms provided under SEBI regulations.

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.