The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manan Chetan Shah Family Trust
ASHAPURMIN · price
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.7 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.
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Manan Chetan Shah Family Trust, part of the promoter group of Ashapura Minechem Ltd, disclosed the acquisition of 16,71,707 equity shares representing 1.75% of the company's share capital under SEBI Takeover Regulations. The shares were acquired through an off-market transaction without any consideration, solely to streamline succession planning and ensure the continued welfare of the promoter family, pursuant to a SEBI exemption order. Before this acquisition, the trust held nil shares, and after the transaction on 24th February 2026, it holds 1.75%. The total share capital remains 9,55,26,098 equity shares of Rs. 2 each.
This is an internal promoter family restructuring rather than a fresh market purchase, so it is unlikely to impact the stock price. Existing shareholders should note that part of the promoter family stake now sits in a family trust, but the overall promoter group shareholding remains unchanged.