Ashapura Minechem Ltd

Ashapura Minechem Unveils New ESOP Plan & UAE Subsidiary 🇮🇳📈

- Board approved new Employee Stock Option Plan (ESOP 2026) covering up to 20 lakh equity shares (face value ₹2 each) for employees, subject to shareholder approval.

- ESOP 2026 extended to employees of holding, subsidiary, associate, and group companies (present and future), pending shareholder consent.

- Board decided to incorporate a new wholly-owned subsidiary in UAE named 'Ashapura Resources UAE FZE' with proposed capital of 1 million AED, replacing previous acquisition plan.

- Re-appointment of Shri Hemul Shah as Executive Director & CEO for two years from February 16, 2026.

- Regularization of Shri Jagdish Shetty and Shri Wilson Mathais as Independent Directors for five years each from February 5, 2026.