Record Date

Ref No.: Minechem/Stock Exch/Letter/ 8456 September 3, 2026 The Dy. General Manager, The Dy. General Manager, BSE Limited National Stock Exchange of India Ltd., Corporate Relations & Services Dept., Corporate Relations Dept., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G Dalal Street, Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 527001 Scrip Code: ASHAPURMIN Dear Sir/Madam, Sub: Annual Report along with Notice of 45th Annual General Meeting (AGM), Record Date & E-voting Facility to the Members for AGM This is to inform you that the 45th Annual General Meeting (AGM) of the Members of Ashapura Minechem Limited be convened on Tuesday, 29th September, 2026 at 3.00 p.m. (IST) through Video Conferencing or Other Audio-Visual Means (VC/OAVM). Pursuant to the relevant provisions of the Companies Act, 2013 and Rules made thereunder read with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, the remote e- voting period will commence from 25th September, 2026 (Friday) at 9.00 a.m. and end on 28th September, 2026 (Tuesday) at 5.00 p.m. The cut-off date for the purpose of remote E-voting is 22nd September, 2026 (Tuesday). Further, the dividend, if declared at the AGM, will be paid after 29th September, 2026, to those Members whose name appears on the Register of Members of the Company on close of business hours on 22nd September, 2026 (Tuesday) (Record Date). Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Annual Report of the Company for the Financial Year 2025-2026. Further, pursuant to SEBI regulations, the Notice of Annual General meeting and Business Responsibility and Sustainability Report for FY 2025-2026 is being uploaded in XBRL mode simultaneously. Kindly take the same on record. For Ashapura Minechem Ltd., Sachin Polke Company Secretary & President (Corporate Affairs) • REGISTERED OFFICE Jeevan Udyog Bldg., 3rd Floor, 278, D. N. Road, Fort, Mumbai – 400 001 Tel No. : +91-22-66221700 Website : www.ashapura.com • PLANT LOCATION 1. Village Paddhar, Taluka - Bhuj, Dist. Kutch, Gujarat 2. Mamuara, Taluka - Bhuj, Dist. Kutch, Gujarat 3. KINFRA Apparel Park, Menamkulam, Thiruvananthapuram, Kerala • SHAREHOLDERS’ INFORMATION The Company’s Securities are listed on the following Stock Exchanges: 1. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 2. National Stock Exchange of India Limited “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 • REGISTRAR & SHARE TRANSFER AGENT M/s. MUFG Intime Pvt. Ltd (Formerly known as Link Intime India Pvt. Ltd.) C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083. Tel No. : +91-22-49186000 E-mail : rnt.helpdesk@in.mpms.mufg.com • STATUTORY AUDITORS M/s. PARK & Company • BANKERS Bank of Baroda ASHAPURA MINECHEM LIMITED BOARD OF DIRECTORS & KMP • Shri Chetan Shah Non-Executive, Non-Independent, Promoter (DIN: 00018960) Director • Shri Hemul Shah Executive Director & (DIN: 00058558) Chief Executive Officer • Shri Jagdish Shetty Non-Executive, Independent Director (DIN: 02152377) (Appointed w.e.f. 5th February, 2026) • Shri Dipak Vora Non-Executive, Independent Director (DIN: 00317106) • Smt. Surekha Sathe Non-Executive, Independent (DIN: 11109425) (Woman) Director (Appointed w.e.f. 30th May,2025) • Shri Wilson Mathais Non-Executive, Independent Director (DIN: 11492508) (Appointed w.e.f. 5th February, 2026) • Smt. Himani Shah Non-Executive, Non-Independent Director (DIN: 02467277) • Shri Pundarik Sanyal Non-Executive, Independent Director (Completion of 2nd Term On 8th February, (DIN: 01773295) 2026) • Smt. Neeta Shah Non-Executive, Independent (Woman) (DIN: 07134947) Director (Resigned w.e.f. 12th August, 2025) • Shri Sachin Polke Company Secretary & President (Corp.Affairs) • Shri Ashish Desai Group Chief Financial Officer INDEX CONTENTS Page No. Notice 01-10 Directors’ Report 11-33 Corporate Governance Report 34-53 Management Discussion & Analysis 54-61 Business Responsibility & Sustainability Report 62-113 Auditors’ Report 114-121 Balance Sheet 122 Statement of Profit & Loss 123-124 Cash Flow Statement 125-126 Notes on Financial Statements 127-164 Consolidated Financial Statements 166-214 Financial Details of the Subsidiary, Joint Venture 216-218 & Associate Companies NOTICE NOTICE is hereby given that the 45thAnnual General Meeting of the Members of ASHAPURA MINECHEM LIMITED will be held on Tuesday, 29th September, 2026 at 3.00 p.m. through Video Conferencing and Other Audio Visual Means (“VC & OAVM”) to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company (including Consolidated Financial Statements) for the Financial Year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon. 2. To declare a final dividend of 100% i.e. Rs. 2/- (Rs. Two) per Equity Share of the face value of Rs. 2/- each, for the Financial Year ended 31st March, 2026. SPECIAL BUSINESS: 3. Ratification of the remuneration of Cost Auditor: To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, (including any statutory modification(s) or re-enactment thereof for the time being in force), consent of the shareholders of the Company be and is hereby accorded to ratify the remuneration of Rs. 1,80,000/- (Rupees One Lakh Eighty Thousand only) per annum plus Goods and Service Tax (GST) and reimbursement of out of-pocket expenses, to be paid to M/s. S. S. Puranik & Associates, Cost & Management Accountants, the Cost Auditor appointed by the Board of Directors on the recommendation of the Audit Committee, to conduct audit of the cost accounting records relating to the Company’s Products for the Financial Year 2026-2027. RESOLVED FURTHER THAT the Board be and is hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.” 4. Approval of place of profit of Shri Chetan Shah, Chief – Strategy & Planning (Key Managerial Personnel) of the Company: To consider and if thought fit, to pass the resolution as an Ordinary Resolution “RESOLVED THAT pursuant to the provisions of Section 188(1)(f) and other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with the Companies (Meetings of Board and its Powers) Rules, 2014, the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), consent of the Members of the Company be and is hereby accorded for payment of remuneration to Shri Chetan Shah who is appointed as a Chief – Strategy & Planning and Key Managerial Personnel (“KMP”) of the Company with effect from 1st October, 2026, on the following terms: (i) Remuneration: Up to Rs. 2,00,00,000/- (Rupees Two Crores only) per annum, together with applicable perquisites and benefits in accordance with applicable laws/regulations and the HR Policy of the Company; and (ii) Roles and Responsibilities: To provide strategic leadership, guidance and support in relation to the overall strategy and business planning of the Company, including business development, growth initiatives, strategic investments, identification of new business opportunities and such other strategic matters as may be entrusted to him by the Board of Directors from time to time. RESOLVED FURTHER THAT the Board of Directors of the Company (which term shall be deemed to include any committee(s) thereof) be and is hereby authorised to do all such acts, deeds and things and to take all such steps, including making necessary filings and disclo [Showing first 8,000 characters — download PDF for full document]