Key Quantitative Figures

  • Materiality Threshold for RPTs (FY 2026-27): ₹523.7 Crores (10% of FY 2025-26 consolidated turnover of ₹5,237 Crores)
  • Proposed RPT Value (AHUF & Minex): Up to ₹3,54,000 Lakhs
  • Proposed RPT Value (AHUF & SGMF): Up to ₹32,500 Lakhs
  • FY 2025-26 Transactions (AHUF & Minex): ₹1,60,494 Lakhs total (Sales: ₹1,164 Lakhs, Purchases: ₹1,57,479 Lakhs, Interest Income: ₹1,851 Lakhs)
  • FY 2025-26 Transactions (AHUF & SGMF): ₹563 Lakhs (Interest Income only)

Dates of Action

  • Cut-off Date for Shareholders: July 24, 2026
  • Postal Ballot Dispatch Date: July 31, 2026
  • E-voting Period: August 2, 2026 (9:00 AM) to August 31, 2026 (5:00 PM)
  • Result Declaration: On or before September 2, 2026

Parties Involved

  • Listed Entity: Ashapura Minechem Limited
  • Related Party 1: Ashapura Holdings UAE FZE (AHUF) - Wholly-owned step-down subsidiary in UAE
  • Related Party 2: Ashapura Minex Resources SA (Minex) - Step-down subsidiary in Guinea (80% owned through AGRS)
  • Related Party 3: Societe Guineenne Des Mines De Fer SA (SGMF) - Step-down subsidiary in Guinea (80% owned through AGRS)
  • Scrutinizer: Virendra Bhatt (Practicing Company Secretary)
  • E-voting Service Provider: Central Depository Services (India) Limited (CDSL)

Transaction Details - AHUF & Minex

Breakdown of Proposed FY 2026-27 Transactions:

  • Sales of Goods/Materials and Services: ₹1,800 Lakhs
  • Purchase of Goods/Materials and Services: ₹3,50,000 Lakhs
  • Interest Income: ₹2,200 Lakhs

Financial Performance of Parties (FY 2025-26):

  • AHUF: Turnover ₹4,16,330 Lakhs, PAT ₹10,953 Lakhs, Net Worth ₹62,371 Lakhs
  • Minex: Turnover ₹1,57,778 Lakhs, PAT ₹8,098 Lakhs, Net Worth ₹5,536 Lakhs

Transaction Significance:

  • Represents 68% of company's annual consolidated turnover
  • Represents 85% of AHUF's standalone turnover
  • Represents 224% of Minex's standalone turnover

Transaction Details - AHUF & SGMF

Breakdown of Proposed FY 2026-27 Transactions:

  • Sales of Goods/Materials and Services: ₹300 Lakhs
  • Purchase of Goods/Materials and Services: ₹31,350 Lakhs
  • Interest Income: ₹850 Lakhs

Financial Performance of Parties (FY 2025-26):

  • SGMF: Turnover ₹500 Lakhs, PAT (Loss) ₹(9,483) Lakhs, Net Worth not provided

Transaction Significance:

  • Represents 6% of company's annual consolidated turnover
  • Represents 8% of AHUF's standalone turnover
  • Represents 579% of SGMF's standalone turnover

Voting Process

  • Remote e-voting only (no physical voting)
  • CDSL provides e-voting facility
  • Scrutinizer: Virendra Bhatt (ACS No. 1157, COP No. 124)
  • Results will be announced at registered office and posted on company website
  • Related parties cannot vote on these resolutions

Governance Approvals

  • Audit Committee reviewed and approved the transactions
  • Independent Directors granted approval
  • Management provided certificate as required under RPT Industry Standards
  • Board meeting held on July 24, 2026 approved the postal ballot

Rationale and Justification

  • Transactions are in ordinary course of business
  • Executed at arm's length basis
  • Enable operational synergies and efficient supply chain management
  • Support business continuity and value creation
  • Pricing determined using transfer pricing principles and market benchmarks

Shareholder Information

  • Notice sent to all members/beneficiaries as of July 24, 2026 cut-off date
  • Available on company website (www.ashapura.com), BSE, NSE, and CDSL websites
  • Advertisement in English and Marathi newspapers
  • Physical shareholders must update email addresses with company