Company Ashapura Minechem Limited Bombay S.E.

ASHAPURMIN

INE348A01023

Diversified Mining

Market Closed - Bombay S.E. 18:02:24 31/08/2026 HKT			5-day change	1st Jan Change
565.45 ^INR	-2.94%		-4.37%	-35.68%

08-27	Ashapura Minechem Limited Announces Appointment of Chetan Shah as Chief ? Strategy & Planning, Effective October 1, 2026	CI
08-08	Ashapura Minechem Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

Business description: Ashapura Minechem Limited

Ashapura Minechem Limited is an India-based company, which is engaged in the mining, manufacturing and trading of various minerals and its derivative products and related services. The Company has a network of operations pan-India and in seven other countries. From soaps to steel, energy to edible oils, metal to medicine and cement to ceramics, it offers multi-mineral solutions across several industries. Its products include Industrial Functional Minerals, Advanced Refractory Materials, Hydrocarbon Exploration Solutions, Adsorbent Solutions, White Performance Minerals, Super Specialty Refined Mineral Products, Building Materials and Chemicals, Kaolin, Silica Sand, and Ball Clay. It is a producer of advanced refractory materials with a portfolio of castable, high alumina cement, calcined bauxite, and fused alumina. It provides enriched drilling mud to oilfield solutions companies across their global drilling bases in the North Sea, Middle East, South Asia, and Africa.

Number of employees: 1,560

Sales by Activity: Ashapura Minechem Limited

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Minerals and Its Derivative Products	11.48B	12.78B	18.31B	26.54B	27.39B

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Geographical breakdown of sales: Ashapura Minechem Limited

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Export	8.26B	9.56B	14.91B	22.75B	22.63B
India	3.12B	2.96B	3.06B	3.45B	4.31B
Unallocated	94.89M	263M	342M	337M	451M

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Executive Committee: Ashapura Minechem Limited

Manager	Title	Age	Since
Hemul Ramesh Shah CEO	Chief Executive Officer	65	16/02/2020
Ashish Desai DFI	Director of Finance/CFO	-	12/06/2019
Sandeep Deshpande ADM	Chief Administrative Officer	-	01/11/2021
Sachin Prakash Polke CMP	Compliance Officer	-	-
Avijit Mukherjee SAM	Sales & Marketing	-	-

See ASHAPURA MINECHEM LIMITED governance

Composition of the Board of Directors: Ashapura Minechem Limited

Director	Title	Age	Since
Chetan Navnitlal Shah CHM	Chairman	71	30/06/2015
Surekha Sathe BRD	Director/Board Member	-	30/05/2025
Hemul Ramesh Shah BRD	Director/Board Member	65	16/02/2020
Himani Shah BRD	Director/Board Member	47	10/02/2020
Dipak Vora BRD	Director/Board Member	-	23/01/2025
Jagdish Shett BRD	Director/Board Member	-	05/02/2026
Wilson Mathais BRD	Director/Board Member	-	05/02/2026

Composition of the Board of Directors

Shareholders: Ashapura Minechem Limited

Name	Stocks	%	Valuation
Ashapura Industrial Finance Ltd. 17.75 %	16,955,819	17.75 %	125 M ₹
Dina Shah 9.633 %	9,202,360	9.633 %	68 M ₹
Chetan Navnitlal Shah 6.964 %	6,652,767	6.964 %	49 M ₹
Monterosa Investments Holdings Ltd. 5.205 %	4,972,345	5.205 %	37 M ₹
Manan Chetan Shah 4.352 %	4,157,135	4.352 %	31 M ₹

List of ASHAPURA MINECHEM LIMITED shareholders

Holdings: Ashapura Minechem Limited

Name	Stocks	%	Valuation
ORIENT CERATECH LIMITED 31.11%	37,217,589	31.11%	16 M $

Company details: Ashapura Minechem Limited

Ashapura Minechem Ltd.

Jeevan Udyog Building

400001, Mumbai

+91 22 6665 1700

http://www.ashapura.com

address Ashapura Minechem Limited(ASHAPURMIN)

Group companies: Ashapura Minechem Limited

Name	Category and Sector
Bombay Minerals Ltd. Bombay Minerals Ltd. Construction MaterialsNon-Energy Minerals Engages in bauxite mining	Construction Materials
Ashapura International Ltd. Ashapura International Ltd. Construction MaterialsNon-Energy Minerals Engages in quarrying of stone, sand and clay	Construction Materials

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Integrated Mining

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Average	-1.08%	+0.75%	+72.12%	+117.88%	94.27B
Weighted average by Cap.	-0.91%	+0.90%	+68.72%	+85.21%