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Latest news about Ashapura Minechem

Ashapura Minechem Promoter Chetan Shah Increases Stake with 80,000 Share Acquisition 7 days ago

Chetan Navnitlal Shah, promoter of Ashapura Minechem Limited, acquired 80,000 equity shares through open market transactions on March 27, 2026, increasing his shareholding from 6.85% to 6.94%. The acquisition was disclosed in compliance with SEBI regulations, with the company maintaining its equity share capital of 9,55,26,098 shares of Rs. 2/- each. The transaction demonstrates the promoter's continued confidence in the company's prospects.

Ashapura Industrial Finance Limited Reduces Stake in Ashapura Minechem Through Open Market Sale 7 days ago

Ashapura Minechem Limited Issues Postal Ballot Notice for ESOP 2026 and Board Appointments 10 days ago

Ashapura Minechem Board Approves ESOP 2026 and UAE Subsidiary Incorporation Mar 25, 2026

Ashapura Minechem Family Trusts Acquire 72.60 Lakh Shares in Off-Market Succession Planning Transfer Mar 18, 2026

More news about Ashapura Minechem

26Feb 26

Manan Chetan Shah Family Trust Acquires 1.75% Stake in Ashapura Minechem Limited

Manan Chetan Shah Family Trust acquired 16,71,707 equity shares (1.75% stake) in Ashapura Minechem Limited on February 24, 2026, through an off-market transaction without consideration. The acquisition was conducted under SEBI Exemption Order for succession planning purposes, with the trust now holding 1.75% of the company's total voting capital. The transaction complies with SEBI takeover regulations and maintains Ashapura Minechem's total equity capital at 9,55,26,098 shares of Rs. 2 each.

26Feb 26

Chaitali Nishit Salot Family Trust Acquires 5.85% Stake in Ashapura Minechem Limited

Chaitali Nishit Salot Family Trust acquired 55,88,340 equity shares (5.85% stake) in Ashapura Minechem Limited on 24th February, 2026, through off-market transaction without consideration. The acquisition, conducted under SEBI Exemption Order for succession planning within the promoter group, maintains the company's total share capital at 9,55,26,098 equity shares of ₹2 each.

26Feb 26

Ashapura Minechem Promoter Chetan Shah Disposes 72.60 Lakh Equity Shares Under SEBI Regulations

Ashapura Minechem Limited promoter Chetan Navnitlal Shah disposed of 72,60,047 equity shares (7.60% stake) through off-market transaction on February 24, 2026, reducing his holding from 14.45% to 6.85%. The disposal was conducted without consideration for succession planning purposes under SEBI exemption order, with regulatory disclosure filed on February 25, 2026.

23Feb 26

Ashapura Minechem Promoter Chetan Shah Acquires Additional 85,000 Shares

Ashapura Minechem Limited disclosed that promoter Chetan Navnitlal Shah acquired an additional 85,000 equity shares through open market purchase on February 20, 2026, increasing his total shareholding from 1,37,22,814 shares (14.37%) to 1,38,07,814 shares (14.45%). This latest acquisition follows a previous purchase of 49,000 shares on February 18, 2026, reflecting sustained promoter confidence in the company.

16Feb 26

Ashapura Minechem Q3 FY26 Earnings: Revenue Flat at INR960.4 Crores, EBITDA Margins Improve to 14.9%

Ashapura Minechem reported Q3 FY26 revenue of INR960.4 crores with 0.8% QoQ growth, while EBITDA improved 8.3% to INR143 crores with margins expanding to 14.9%. Guinea operations faced monsoon-related volume challenges, but the company achieved better cost efficiency through reduced demurrage charges and strategic partnerships. Despite bauxite price pressures around $60-61 per ton, management remains confident of achieving 15 million ton volume target by FY28.

11Feb 26

Ashapura Minechem Q3FY26 Revenue Grows to ₹960.43 Cr, Conducts Earnings Call

Ashapura Minechem delivered steady Q3FY26 performance with consolidated revenue of ₹960.43 crores and EBITDA of ₹143.06 crores. The company's nine-month results demonstrated exceptional growth with 49.7% revenue increase to ₹3,268.50 crores. Guinea business showed strong performance while India operations faced margin pressures. The board approved key leadership appointments including CEO re-appointment and new independent directors, while the company conducted an earnings conference call to discuss performance with stakeholders.

10Feb 26

Ashapura Minechem Independent Director Shri Pundarik Sanyal Completes Second Term

Ashapura Minechem Limited announced the cessation of Shri Pundarik Sanyal (DIN- 01773295) as Independent Director effective February 8, 2026, following completion of his second term. The company informed stock exchanges in compliance with SEBI Listing Regulations, with the Board acknowledging his valuable contributions during his tenure.

05Feb 26

Ashapura Minechem Limited Receives SEBI Penalty Order of Rs. 2 Lakhs for Regulatory Violations

Ashapura Minechem Limited received a SEBI adjudication order dated February 05, 2026, imposing a monetary penalty of Rs. 2 lakhs for alleged violations of LODR Regulations. The penalty was imposed under SEBI Act, 1992 and Depositories Act, 1996 for non-compliance with disclosure requirements. The company has informed stock exchanges as per regulatory requirements and expects no material impact beyond the imposed penalty amount.

10Jan 26

Ashapura Minechem Reports Strong H1FY26 Growth Driven by Guinea Bauxite Operations

Ashapura Minechem delivered exceptional H1FY26 results with 75% revenue growth to ₹2,308 crore and 105% EBITDA growth to ₹320 crore, driven by expanded Guinea bauxite operations. The company exported 3.38 MMT of bauxite in H1FY26, nearly matching full FY25 volumes, with plans to scale to 15 MMT by FY28. Operating three captive ports with 16 MMT capacity expanding to 27 MMT by Q2FY27, Ashapura maintains a diversified portfolio across bentonite (45.2% revenue), bleaching clay (28.3%), kaolin (9%), and bauxite (7%), while entering Guinea's iron ore market for further diversification.

24Dec 25

Ashapura Industrial Finance Limited Acquires 40,000 Equity Shares in Open Market Transaction

Ashapura Industrial Finance Limited acquired 40,000 equity shares through open market purchase on December 22, 2025, increasing shareholding from 17.75% to 17.79%. The transaction was disclosed under SEBI regulations, representing a 0.04% increase in voting rights. The target company maintains equity capital of 9,55,26,098 shares valued at ₹2 each, with the acquisition reflecting routine promoter group portfolio management activities.

15Dec 25

Ashapura Minechem Completes Strategic Bridge Construction in Guinea

Ashapura Minechem has successfully completed construction of a critical bridge over the Konkouro River in Guinea, officially announced through regulatory filing. This first-of-its-kind infrastructure project connects the company's Boffa East mines directly to Boffa Port logistics route, unlocking access to 80 million tonnes of good exportable grade bauxite reserves in previously inaccessible eastern lease areas and enhancing the company's export capabilities.

25Nov 25

Ashapura Minechem Reports 57% Revenue Growth in Q2FY26, Doubles Guinea Bauxite Exports

Ashapura Minechem Limited announced strong Q2FY26 results with consolidated revenue reaching Rs. 952.50 crore, a 57% year-on-year increase. Net profit surged 88.89% to Rs. 113.90 crore, while EBITDA grew 106.72% to Rs. 187.70 crore. The company's Guinea bauxite exports doubled to 1.33 million tons, driving growth. Operating Profit Margin improved to 13.41%. Ashapura Minechem aims to reach 15 million metric tons of bauxite exports by FY27-28 and has completed an Rs. 80 crore bridge project in Guinea to support expansion.

28Oct 25

Ashapura Minechem's Leadership Shift: Chetan Shah Transitions to Non-Executive Role

Ashapura Minechem Limited (AML) has announced a leadership change. Chetan Shah, the long-standing Executive Chairman, will transition to the role of Non-Executive Director effective October 23, 2025. This change comes as Shah completes his tenure as Executive Chairman. He will remain on the Board of Directors but will no longer be designated as Key Managerial Personnel. Shah is related to Mrs. Himani Shah, a Non-Executive Director on the board. The company has informed stock exchanges of this change in compliance with SEBI regulations.

16Oct 25

Ashapura Minechem Undergoes Income Tax Department Search, Operations Unaffected

Ashapura Minechem Ltd. underwent a search operation by the Income Tax Department at its registered office from October 13-16, 2025. The authorities seized certain records and electronic data, and recorded statements from company officials. Ashapura Minechem has assured stakeholders that its business operations remain unaffected and that no violations have been alleged. The company fully cooperated with the authorities and promptly disclosed the event to stock exchanges in compliance with SEBI regulations.

01Oct 25

Ashapura Minechem to Acquire Complete Stake in UAE Subsidiary for Operational Streamlining

Ashapura Minechem Limited plans to acquire the entire stake in its step-down subsidiary, Ashapura Holdings (UAE) FZE (AHUF). The acquisition involves purchasing 3,000 shares at AED 1,000 each, totaling AED 3,000,000. This move aims to streamline operations and restructure the company's presence in the UAE. AHUF will become a direct wholly-owned subsidiary of Ashapura Minechem. The transaction is expected to be completed within two months and is classified as a related party transaction.

01Oct 25

Ashapura Minechem Promoter Chetan Navnitlal Shah Boosts Stake Through Gift Acquisition

Chetan Navnitlal Shah, a key promoter of Ashapura Minechem Limited, acquired 35,000 equity shares through a gift transaction on September 29, 2025. This increased his shareholding from 14.28% (1,36,38,814 shares) to 14.31% (1,36,73,814 shares) of the company's total share capital. The company disclosed this change in promoter shareholding to stock exchanges on October 1, 2025, in compliance with SEBI regulations.

09Sept 25

Ashapura Minechem Reports 89.8% Revenue Surge in Q1, Driven by Guinea Bauxite Operations

Ashapura Minechem Limited posted robust Q1 results with consolidated revenue of INR 1,355.00 crores, up 89.8% year-on-year. Guinea bauxite operations contributed 79.3% of total revenue. EBITDA grew 106.8% to INR 187.73 crores, with margins expanding to 13.85%. The company exported over 2 million metric tons of bauxite from Guinea in Q1. Future plans include expanding Guinea bauxite exports to 15 million tons by FY27-28 and increasing port capacity to 27 million tons by Q1 FY27. Indian operations focus on value-added mineral products, with the company being the largest bentonite producer in India.

04Sept 25

Ashapura Minechem Conducts Maiden Earnings Conference Call, Enhancing Investor Communication

Ashapura Minechem conducted its inaugural earnings conference call on September 04, 2025, discussing Q1-FY2026 performance. The call lasted 1 hour 10 minutes, with participation from funds, investors, and analysts. The company made the audio recording available on its website and informed stock exchanges about the call's outcome, adhering to SEBI regulations. No unpublished price sensitive information was shared during the call.

28Aug 25

Ashapura Minechem Schedules Maiden Earnings Conference Call for Q1-FY2026 Results

Ashapura Minechem Ltd. has scheduled its first-ever earnings conference call for September 4, 2025, from 4:00 p.m. to 4:45 p.m. IST. The call will discuss Q1 FY2026 operational and financial performance. Key participants include Chairman Chetan Shah, Promoter Group member Manan Shah, CFO Ashish Desai, and Company Secretary Sachin Polke. Various access options are provided for investors and analysts, including primary numbers and international toll-free numbers. This initiative aligns with regulatory requirements and aims to enhance investor communication and transparency.

18Aug 25

Ashapura Minechem Corrects Q1 Results, Reports 89.81% Revenue Surge

Ashapura Minechem issued a correction to its Q1 FY 2025-26 results, showing significant growth. Income from operations rose 89.81% to Rs. 1,355.57 crores, EBIDTA increased 106.77% to Rs. 187.73 crores, and Profit Before Tax grew 102.50% to Rs. 131.84 crores. The company reported record bauxite exports of 2.05 MMT from Guinea operations. All business verticals in India saw growth in volume and revenue. The company plans to enhance investor communication with periodic updates and an upcoming investor call.

09Jul 25

Ashapura Minechem Settles Tax Dispute, Reclaims ₹259.20 Crore in Losses

Ashapura Minechem has successfully settled a tax dispute with authorities, resulting in the restoration of ₹259.20 crore in previously disallowed losses. This resolution is expected to positively impact the company's financial position, potentially leading to improved financial statements and future tax benefits. The settlement demonstrates the company's effective management of complex financial matters and commitment to resolving outstanding issues.

08Jul 25

Ashapura Minechem Resolves Tax Dispute, Recovers ₹259.20 Crore

Ashapura Minechem, a key player in the mining and minerals industry, has successfully resolved a longstanding tax dispute, resulting in a significant financial recovery of ₹259.20 crore. This resolution is expected to positively impact the company's financial position, potentially strengthening its balance sheet and improving overall financial health. The recovered funds could be used for debt reduction, operational improvements, business expansion, or enhancing shareholder value. This development may set a precedent for other companies in the sector facing similar challenges.

30May 25

Ashapura Minechem Reports Strong Q4 Performance, Declares Dividend

Ashapura Minechem Ltd. announced impressive Q4 financial results, with revenue increasing 28.41% to ₹565.00 crore. EBITDA rose 74.59% to ₹84.50 crore, and net profit grew 26.28% to ₹86.50 crore year-over-year. The company's EBITDA margin improved to 14.96%. A dividend of ₹1.00 per share was declared. However, net profit decreased quarter-on-quarter from ₹105.00 crore in Q3 to ₹86.50 crore in Q4. The company's financial data shows a consistent upward trend throughout the fiscal year, with Q4 FY2024 being particularly strong.