Ashapura Minechem concludes 44th AGM, declares 50% dividend

Ashapura Minechem Limited successfully conducted its 44th Annual General Meeting (AGM) virtually on Wednesday, September 24, 2025, at 3:00 p.m. IST. The company declared a final dividend of 50%, equivalent to Re. 1 per equity share of face value Rs. 2 each, for the financial year ended March 31, 2025. Key resolutions passed included the adoption of financial statements and the re-appointment of Smt. Himani Shah as a director.

During the meeting, chairman Chetan Shah provided an overview of India's resilient economic and mining sector, emphasizing Ashapura's strong performance, significant shareholder base growth, and focus on value-added mineral solutions. He also highlighted Ashapura's international operations in Guinea, aiming for 15m tons of bauxite production in the near term and exploring other minerals.

Manan Shah, promoter group member, outlined strategic priorities for Indian business, including capacity expansion and the development of higher technology and value-added products. For international operations, the focus remains on achieving the bauxite production target in Guinea and diversifying into other minerals. The company also emphasized technology and digital transformation, strong governance, and manpower development across India and Africa.