Ashapura Minechem Ltd

Ashapura Minechem Shareholders Approve ESOP & Leadership Appointments 📊

- Employee Stock Option Plan (ESOP 2026) adopted for up to 2,000,000 equity shares with 92.81% overall approval

- ESOP 2026 extension to group companies approved with 92.79% votes

- Re-appointment of Shri Hemul Shah as Executive Director & CEO for 2 years passed with 98.06% approval

- Regularization of Shri Jagdish Shetty as Non-Executive Independent Director approved with 99.79% votes

- Regularization of Shri Wilson Mathais as Non-Executive Independent Director approved with 99.79% votes

- Overall voting participation reached 47.77% of total shares

- Promoter voting turnout was notably high at 90.34%

- Public institutional shareholders opposed ESOP resolutions with 83.91% against votes