The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
ASHAPURMIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.4 pts more 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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Promoter Mr. Chetan Navnitlal Shah transferred 72,60,047 equity shares (7.60% of share capital) of Ashapura Minechem to two promoter family trusts — Manan Chetan Shah Family Trust (16,71,707 shares, 1.75%) and Chaitali Nishit Salot Family Trust (55,88,340 shares, 5.85%) — on February 24, 2026. The transfer was off-market at nil consideration (gift), done for succession planning and internal family reorganization. The deal was carried out under SEBI Exemption Order dated December 16, 2025, which exempted it from the usual open offer trigger under SAST Regulations. Post-transfer, Mr. Chetan Shah's individual holding dropped from 14.45% to 6.85%, but the total promoter group stake remains unchanged since the trusts are part of the promoter group. Total equity share capital of the company is 9,55,26,098 shares of Rs. 2 each.
This is a neutral internal reshuffle within the promoter family — no change in total promoter ownership, no cash exchanged, and no impact on public shareholding. Shareholders should note it reflects succession planning rather than any strategic shift, and no open offer obligation has been triggered.