Ashapura Minechem Limited has announced the cessation of Shri Pundarik Sanyal as Independent Director following the completion of his second term of appointment. The company informed stock exchanges about this corporate governance development through a regulatory filing dated February 8, 2026.

Director Cessation Details

The cessation became effective from the close of business hours on February 8, 2026, marking the end of Shri Pundarik Sanyal's tenure as Independent Director. The following table summarizes the key details of this corporate change:

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements.

The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, demonstrating adherence to the latest regulatory guidelines for such corporate announcements.

Board Recognition

The Board of Directors has formally acknowledged Shri Pundarik Sanyal's contributions during his tenure with the company. The board placed on record its deep appreciation for the valuable contributions and guidance provided by him throughout his service as Independent Director.

Corporate Communication

The formal intimation was signed by Sachin Polke, Company Secretary & President (Corporate Affairs), and digitally authenticated on February 8, 2026. The communication was addressed to the Deputy General Managers of both major stock exchanges where the company's shares are listed under scrip codes 527001 (BSE) and ASHAPURMIN (NSE).

Ashapura minechem Limited has received a regulatory penalty from the Securities and Exchange Board of India (SEBI), as disclosed to the stock exchanges on February 05, 2026. The company informed both BSE and NSE about the adjudication order imposing a monetary penalty of Rs. 2 lakhs.

Regulatory Action Details

The SEBI adjudication order was issued under Section 15-I of the SEBI Act, 1992 read with Rule 5 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995, and under Section 19H of the Depositories Act, 1996. The penalty relates to alleged lapses and omissions by the company in regulatory compliance.

Nature of Violations

The penalty was imposed for alleged violations of specific provisions under the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The violations include:

• Alleged violation of Regulation 30(2) of SEBI LODR Regulations, 2015
• Non-compliance with sub-para 20 of Para A of Part A of Schedule III of LODR Regulations
• Violation of SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• Alleged violation of Regulation 30(4)(i)(a) of the LODR Regulations

Financial and Operational Impact

According to the company's disclosure to the exchanges, Ashapura Minechem Limited does not expect any material operational or financial impact emanating from this regulatory action, except for the monetary penalty of Rs. 2 lakhs that has been imposed.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR Regulations, 2015, demonstrating its commitment to maintaining transparency with stakeholders and regulatory compliance. The disclosure was signed by Hemul Shah, Executive Director & CEO of the company.

The company's registered office is located at Jeevan Udyog Building, 3rd Floor, 278, D. N. Road, Fort, Mumbai - 400 001, and it operates under CIN No. L14108MH1982PLC026396.