The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manan Chetan Shah Family Trusst

MANAN CHETAN SHAH FAMILY TRUST 3rd Floor, Jeevan Udyog, 278, D N Road, Fort, Mumbai – 400 001 01st September, 2026 The Dy. General Manager, The Dy. General Manager, BSE Limited National Stock Exchange of India Ltd., Corporate Relations & Services Dept., Corporate Relations Dept., P. J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 023 Bandra (E), Mumbai – 400 051 Scrip Code: 527001 Scrip Code: ASHAPURMIN Dear Sir/Madam, Sub: Compliance of Regulation 29 (1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 As required under the Regulation 29 (1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2018, please find attached disclosure in relation to the acquisition of 49,994 Equity shares representing 99.99% of Ashapura Industrial Finance Limited, Promoter Group Company by Manan Chetan Shah Family Trust. Ashapura Industrial Finance Limited holds 1,69,55,819 Equity shares representing 17.75% of the Company. Therefore, the disclosure has been filed for Indirect Acquisition by Manan Chetan Shah Family Trust. Thanking You, Yours faithfully, Chetan Navnitlal Shah Managing Trustee Encl.: As above C.C. to: Ashapura Minechem Limited Jeevan Udyog Building, 3rd Floor, D. N. Road, Fort, Mumbai - 400001 MANAN CHETAN SHAH FAMILY TRUST 3rd Floor, Jeevan Udyog, 278, D N Road, Fort, Mumbai – 400 001 FORMAT FOR DISCLOSURES UNDER REGULATION 29 (1) & (2) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 1. Name of the Target Company (TC) Ashapura Minechem Limited 2. Name(s) of the acquirer and Persons Manan Chetan Shah Family Trust (“Acquirer”) Acting in Concert (PAC) with the (Indirect Acquisitions) acquirer 3. Whether the acquirer belongs to Promoter/Promoter group 4. Name(s) of the Stock Exchange(s) where 1. BSE Limited the shares of TC are Listed 2. National Stock Exchanges Limited % w.r.t. total % w.r.t. share/voting total diluted 5. Details of the acquisition of Number capital share/voting shares/disposal as follows wherever capital of applicable the TC (*) Before the acquisition under consideration, holding of: a) Shares carrying voting rights 16,71,707 1.75% 1.75% b) Shares in the nature of encumbrance - - - (pledge/lien/non-disposal undertaking/others) c) Voting rights (VR) otherwise than by - - - shares d) Warrants/convertible securities/any - - - other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Shares encumbered/ invoked/ released - - - by the acquire Total (a+b+c+d) 16,71,707 1.75% 1.75% Details of acquisition/sale a) Shares carrying voting rights acquired - - - b) VRs acquired otherwise than by equity - - shares - c) Warrants/convertible securities/any - - other instrument that entitles the - acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired - - d) Shares encumbered/ invoked/ released by the acquirer - Total (a+b+c+d) - - - MANAN CHETAN SHAH FAMILY TRUST 3rd Floor, Jeevan Udyog, 278, D N Road, Fort, Mumbai – 400 001 After the acquisition/sale, holding of: a) Shares carrying voting rights 16,71,707 1.75% 1.75% b) Shares encumbered with the acquirer - - - c) VRs otherwise than by equity shares d) Warrants/convertible securities/any - - - other instrument that entitles the - - - acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition Total (a+b+c+d) 16,71,707 1.75% 1.75% 6. Mode of acquisition/sale (e.g. open The acquisition of 49,994 Equity shares representing market/ public issue / rights issue 99.99% of Ashapura Industrial Finance Limited, /preferential allotment / inter-se Promoter Group Company by Manan Chetan Shah transfer, etc.) Family Trust. Ashapura Industrial Finance Limited holds 1,69,55,819 Equity shares representing 17.75% of the Company. Therefore, the disclosure has been filed for Indirect Acquisition by Manan Chetan Shah Family Trust. The said transaction without consideration to streamline succession planning and continued welfare of the Promoter Family pursuant to SEBI Exemption Order NO. WTM/KCV/CFD/16/2025-26 under sub-section (1) of section 11 and clause (h) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992. 7. Date of acquisition / sale of shares / VR or date of receipt of intimation of 01st September, 2026 allotment of shares, whichever is applicable 8. Equity share capital / total voting capital 9,55,26,098 Equity Share of Rs. 2/- each. of the TC before the said acquisition 9. Equity share capital/ total voting capital 9,55,26,098 Equity Share of Rs. 2/- each. of the TC after the said acquisition 10. Total diluted share/voting capital of the 9,55,26,098 Equity Share of Rs. 2/- each. TC after the said acquisition Note: (*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the Listing Regulations. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. For MANAN CHETAN SHAH FAMILY TRUST Chetan Navnitlal Shah Managing Trustee Place: Mumbai Date: 01st September, 2026