Ashapura Minechem gets Rs 6.13 lakh order from Gujarat Mining Dept over illegal mining rules

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ASHAPURMIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹532.45

prior close

₹530.85

announcement price

After-mkt

timing

Nifty Microcap 250market-1.5%-2.5% vs market

Industrial Minerals peers, median of 13sector-1.4%-2.6% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.6 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.6

15m

-1.5

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0-1.5-2.5-1.4-2.6

Next day

-4.5-1.2-3.3-2.8-1.7

-5.9-2.8-3.1-3.2-2.7

-2.0-1.8-0.2-5.1+3.1

-5.3-2.0-3.3-4.0-1.3

-8.3-3.3-5.1-6.2-2.1

-5.6-2.0-3.6-5.2-0.4

15d

-12.1-3.9-8.2-6.1-6.0

-21.3-10.7-10.5-14.5-6.8

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UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ashapura Minechem received an order dated September 22, 2026 from the Gujarat Geology and Mining Department under Rule 22 of the Gujarat Minerals (Prevention of Illegal Mining, Transportation and Storage) Rules, 2017. The order requires the company to pay Rs. 6,13,173 for alleged violations of these rules. The company says this will not have any material financial or operational impact and is planning to escalate the matter to the Appellate Authority.

Likely market impact

Minor penalty of around Rs 6.13 lakh; company plans to appeal. No material impact on operations or finances expected.