Submission of Additional details for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015
ASHAPURMIN · price
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Ashapura Minechem has informed BSE and NSE that Mr. Chetan Shah's term as Executive Chairman ended on October 23, 2025, and he will continue on the board as Non-Executive Director from the same date. As a result, he has ceased to be a Key Managerial Personnel under the Companies Act, 2013 and SEBI LODR regulations. Mr. Chetan Shah is related to Mrs. Himani Shah, who serves as a Non-Executive Director. In a separate clarification letter dated October 29, 2025, the company explained to BSE that the disclosure filing was delayed due to the Diwali holiday week and internal server maintenance, and that the delay was unintentional and beyond its control.
This is a routine board-level transition with no operational impact, as Mr. Chetan Shah will remain on the board in a non-executive capacity. Shareholders should note the leadership change but it is not expected to materially affect the company's business or stock price.