Chetan Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ASHAPURMIN · price
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Awaiting price reaction for this filing.
Chetan Shah, on behalf of the promoter and promoter group of Ashapura Minechem, has submitted the annual declaration of encumbrances (pledges) for FY 2024-25 to BSE and NSE. The disclosure confirms that the promoter group has not created any new encumbrances on their shares beyond those already disclosed. The detailed table shows that as of March 31, 2025, all promoter group members collectively hold 4,56,15,228 shares with zero encumbered shares. Major holders include Chetan Shah (1,36,38,814), Ashapura Industrial Finance Ltd (1,69,55,819), and Dina Shah (92,02,360), all with 0% encumbrance.
This is a routine annual compliance filing and is positive for shareholders — it confirms that none of the promoter group's shares are pledged, meaning no risk of forced selling or margin call-driven share dumping. Investors can take comfort that the promoters' 4.56 crore shares are fully unencumbered.