The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Shah

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

ASHAPURMIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.5%1-day move

₹460.00

prior close

₹482.90

base price

After-mkt

timing

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+0.9+0.9+0.6+0.3+6.5+6.7+6.1+16.0+12.3+14.1+33.6+43.0+56.5+39.6

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AI summary

Chetan Navnitlal Shah, a member of the promoter group of Ashapura Minechem Ltd, has disclosed the acquisition of 80,000 equity shares in the open market on 27th March 2026 under Regulation 29(2) of the SEBI Takeover Regulations. His shareholding has increased from 65,47,767 shares (6.85%) to 66,27,767 shares (6.94%), a marginal rise of 0.08% in voting capital. The total equity share capital of the company remains 9,55,26,098 shares of Rs. 2 each. This is a small incremental purchase by an existing promoter through a routine regulatory disclosure.

Likely market impact

The acquisition is minor (0.08% increase) and signals modest promoter confidence, but is unlikely to materially impact the stock price. It indicates the promoter is gradually increasing their stake from an already modest 6.94% holding, well below the 50% threshold.