StockWatch
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Industrial Minerals
Tax & Penalty23 Sept 2026, 06:40 pm

Ashapura Minechem Fined ₹6.13 Lakhs by Gujarat Mining Dept

AI Summary

Ashapura Minechem Limited has received an order from the Gujarat Geology and Mining Department, dated September 22, 2026, requiring the company to pay an aggregate amount of ₹6,13,173. This order is under Rule 22 of the Gujarat Minerals (Prevention of Illegal Mining, Transportation and Storage) Rules, 2017, alleging a violation of these rules. The company received the communication on September 23, 2026. Ashapura Minechem does not expect any material operational or financial impact beyond the penalty itself and is contemplating appropriate escalation with the Appellate Authority.

Key Highlights

  • Company ordered to pay ₹6,13,173 by Gujarat Mining Department.
  • Alleged violation of Gujarat Minerals (Prevention of Illegal Mining) Rules, 2017.
  • Company expects no significant operational or financial impact.
  • Ashapura Minechem is considering an appeal to the Appellate Authority.