Ashapura Minechem: Promoter family settles shares for succession
Ashapura Minechem Ltd has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This filing, under Regulation 10(7), complies with an exemption order dated December 16, 2025, granted under Regulation 11 of SAST Regulations. The exemption facilitates succession planning and welfare of the Promoter Family. Mrs. Dina Chetan Shah, a promoter, settled shares of Ashapura Minechem Ltd in favor of Himani Ankur Shah Family Trust. Additionally, Mr. Chetan Navnitlal Shah, another promoter, settled 49,994 equity shares (99.99%) of Ashapura Industrial Finance Limited (a Promoter Group Company) in favor of Manan Chetan Shah Family Trust. Ashapura Industrial Finance Limited holds 17.75% of Ashapura Minechem Ltd.
Key Highlights
- Promoter family settled shares for succession planning.
- Dina Chetan Shah transferred Ashapura Minechem shares to a family trust.
- Chetan Navnitlal Shah transferred Ashapura Industrial Finance shares to another trust.
- Ashapura Industrial Finance holds 17.75% stake in Ashapura Minechem.
- Disclosure made under SEBI SAST Regulations exemption order.
Price Impact
More from ASHAPURMIN