Ashapura Minechem shareholders approved five special resolutions via postal ballot e-voting, including a new Employee Stock Option Plan for up to 20 lakh shares.
The ESOP 2026 plan received 92.81% approval overall despite strong opposition (83.91% against) from public institutional shareholders.
Shareholders re-appointed Hemul Shah as Executive Director & CEO and regularized appointments of two independent directors with over 98% approval.
Voting was conducted electronically through CDSL from March 29 to April 27, 2026, with results declared at the company's registered office in Mumbai.