Ashapura Minechem Limited has informed the Exchange regarding Proceedings of Postal Ballot

Ashapura Minechem Limited has announced the results of its postal ballot conducted through e-voting, where 5 special resolutions were approved by shareholders on April 27, 2026. The key resolutions include: (1) Adoption of Employee Stock Option Plan 2026 (ESOP 2026) with up to 20 lakh equity shares of Rs. 2 each - passed with 92.81% in favor; (2) Extension of ESOP 2026 to employees of holding, subsidiary, and group companies - passed with 92.79% in favor; (3) Re-appointment of Hemul Shah as Executive Director & CEO for 2 years till February 2028 - passed with 98.06% in favor; (4) Regularization of Jagdish Shetty as Non-Executive Independent Director for 5 years - passed with 99.79% in favor; (5) Regularization of Wilson Mathais as Non-Executive Independent Director for 5 years - passed with 99.79% in favor. Notably, Public Institutional investors voted significantly against the ESOP resolutions (83.91% against Res 1, 83.91% against Res 2), while Promoter group voted 100% in favor of all resolutions.