Ashapura Minechem Ltd

Ashapura Minechem Ltd. submitted a certificate to the Bombay Stock Exchange and National Stock Exchange on October 12, 2026, confirming compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The confirmation was provided by MUFG Intime India Private Limited, formerly Link Intime India Private Limited, acting as Ashapura Minechem Ltd.’s Registrar and Share Transfer Agent.

Ashapura Minechem Ltd. reported consolidated income from operations of Rs 5,237 crore and profit before tax and exceptional items of Rs 449 crore for the financial year 2025-2026, according to a summary of proceedings from its 45th Annual General Meeting held on September 29, 2026. The company’s bauxite exports from its Guinea operations increased to approximately 8 million tonnes, compared with approximately 3.5 million tonnes in the previous financial year, and the board recommended a 100% final dividend for the year. Chairman Chetan Shah announced his retirement as a director at the conclusion of the meeting but will continue in a new role as Chief – Strategy & Planning from October 1, 2026.

Ashapura Minechem Ltd. announced that its board of directors has co-opted Mr. Manan Shah as an Additional Director and designated him as Whole Time Director – Business Development for a period of 5 years, effective October 1, 2026, subject to member approval; Mr. Shah is the son of company promoter Mr. Chetan Shah and brother of Director Ms. Himani Shah.

Ashapura Minechem Ltd. will close its trading window for designated persons from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Ashapura Minechem Limited has received an order from the Gujarat Geology and Mining Department dated September 22, 2026, requiring the company to pay Rs 6,13,173 under Rule 22 of the Gujarat Minerals (Prevention of Illegal Mining, Transportation and Storage) Rules, 2017, related to an alleged violation of the aforementioned rules; the company does not anticipate any material operational or financial impact beyond this payment, and is considering escalating the matter to the Appellate Authority.

Ashapura Minechem Ltd. announced the appointment of Mr. Chetan Shah as Chief – Strategy & Planning, effective October 1, 2026, with a remuneration of up to Rs 20,00,00,000 per annum. Mr. Shah, a Promoter and current Director of the company, will not seek re-appointment as a director at the Annual General Meeting scheduled for September 29, 2026, due to sub-judicial litigation, but will continue in a strategic capacity.

PTC India Ltd, Jamna Auto Industries Ltd, Jeena Sikho Lifecare Ltd and Jain Irrigation Systems Ltd are among the other losers in the BSE's 'A' group today, 10 August 2026.Ashapura Minechem Ltd crashed 12.48% to Rs 645.45 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 53926 shares in the past one month.PTC India Ltd tumbled 12.18% to Rs 178.4. The stock was the second biggest loser in 'A' group.On the BSE, 2.32 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month.Jamna Auto Industries Ltd lost 11.19% to Rs 128.6. The stock was the third biggest loser in 'A' group.On the BSE, 7.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.38 lakh shares in the past one month.Jeena Sikho Lifecare Ltd shed 10.20% to Rs 536.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.21 lakh shares were traded on the counter so far as against the average daily volumes of 31794 shares in the past one month.Jain Irrigation Systems Ltd dropped 9.03% to Rs 28.12. The stock was the fifth biggest loser in 'A' group.On the BSE, 4.4 lakh shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past one month.

Ashapura Minechem Ltd share price gained 1.17% to Rs 737.45. The Company's net profit contracted by 10.22% to Rs 108.31 crore, while revenue from operations slipped 17.91% to Rs 1616.12 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Minerals industry group stocks on BSE stood at Rs 2.28 lakh crore, jumping 28.25%. It has improved by 2.21% over last one week and crept higher by 5.98% in last one month while the market capitalization of Ashapura Minechem Ltd has marginally improved by 4.84% and 7.70% in the same period respectively. Profit before tax (PBT) of Ashapura Minechem Ltd stood at Rs 130.04 crore in Q2 FY26, slipping 1.37% year-on-year, and falling 11.40% quarter-on-quarter. EBITDA came in at Rs 174 crore, declining 1.21% YoY and rallying 282.87% sequentially. Total expenses saw a steep drop of 21.56% to Rs 1471.53 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 512.39 crore, marginally falling by 1.68% YoY, while employee benefits expense was at Rs 35.99 crore, dipping slightly 1.88% YoY. For the TTM ended FY26, revenue from operations inched higher 3.21% to Rs 2738.93 crore, while net profit saw a mild growth of 2.62% to Rs 289.08 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 18269% to Rs 295.1 crore, and PBT softened 1.36% to Rs 304.47 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 189.33 crore in FY26, as against Rs 148.06 crore in FY25. Ashapura Minechem Ltd soared by 41.23% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 1.97% during the same period.

Ashapura Minechem Limited will convene a board meeting on August 7, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

On a year on year (YoY) basis, the company's consolidated net profit climbed 53.58% while revenue from operations surged 254.55% in Q4 FY26. Profit before tax (PBT) stood at Rs 146.77 crore, up 74.06% YoY and up 73.16% QoQ. EBITDA stood at Rs 210.7 crore in Q4 FY26, up 47.3% compared with Rs 143.1 crore in Q3 FY26. The company said its Guinea business, comprising bauxite and iron ore operations, delivered significant volume growth during the quarter. Bauxite export volumes from Guinea rose to 3.16 million metric tonnes (MMT) in Q4 FY26 from 1.39 MMT in Q3 FY26. According to the company, the sharp rise in volumes led to more than 100% growth in topline performance on a sequential basis. However, margins remained under pressure due to higher fuel costs and elevated ocean freight rates amid ongoing geopolitical tensions. The company's India businesses which includes Bentonite and Allied Minerals, White Performance Materials and Others and Advanced Ceramic Materials business, witnessed a moderation in profitability during Q4. The company stated that in Bentonite and Allied Minerals, White Performance Materials and Others business margins were impacted by a rise in input costs along with a change in the sales mix, driven by a higher proportion of lower-margin products. The profitability of Specialty Adsorbent Solutions business was adversely affected by a sharp increase in sulphuric acid prices, which is a key raw material used in the acid activation process for bleaching clay and Advanced Ceramic Materials business remained largely stable during the quarter. Meanwhile, the company's board recommended final dividend of Rs 2 per equity share on face value of Rs 2.00 each for the financial year 2025-2026. Ashapura Minechem is engaged in the mining, manufacturing and trading of various minerals and its derivative products and related services.Powered by Capital Market - Live