Ashapura Minechem Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
ASHAPURMIN · price
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Awaiting price reaction for this filing.
Ashapura Minechem held its 44th AGM on September 24, 2025 via video conferencing, which concluded at 4:02 PM. Five ordinary resolutions were passed, including adoption of audited financial statements for FY25, declaration of a 50% final dividend (Re. 1 per share on Rs. 2 face value), re-appointment of Smt. Himani Shah as director, ratification of cost auditors' remuneration, and appointment of Shri Virendra Bhatt as secretarial auditor for five years (FY26–FY30). Chairman Chetan Shah highlighted strong performance and a growing shareholder base, noting that the company offers 170+ mineral solutions domestically and is targeting 15 million tons of bauxite production from its Guinea operations. Shareholders raised queries on business performance, borrowings, revenue timelines, and contribution from value-added products, which were addressed by the Chairman, Group CFO, and Shri Manan Shah. The statutory auditors' report had no observations, and the Company Secretary could not attend due to a personal emergency.
The 50% dividend declaration is a positive signal for shareholders, reflecting confidence in FY25 performance. The filing is primarily a procedural AGM compliance update; the expansion plans in Guinea and value-added products provide a forward-looking growth narrative for the stock.