The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Shah

Date:22nd September, 2026 Securities Exchange Board of India SEBI Bhawan, Plot No. C4-A, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra Dear Sir/Madam, Sub: Submission of Report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers Regulations, 2011 Please find the enclosed Report in accordance with the Regulation 10(7) in compliance with condition 9(b) of Exemption Order No. WTM/KCV/CFD/16/2025-26 dated December 16, 2025, passed under Regulation 11 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SAST Regulations”) in the matter of “Ashapura Minechem Limited”. Please take the above information on record. Thanking you, On Behalf of Acquirer Trusts Chetan Shah Managing Trustee of Acquirer Trusts Enclosures: - (1) Report under Regulation 10(7) of SEBI (SAST) Regulations, 2011. (2) Disclosures filed with the Stock Exchange under 29(1), 29(2) of SEBI (SAST) Regulations, 2011 and 7(2) of SEBI (PIT) Regulations, 2015 by the Acquirer and Seller, both. CC to: 1) The Company Secretary & Compliance Officer Ashapura Minechem Limited Email: cosec@ashapura.com 2) The Dy. General Manager, BSE Limited Email: corp.relations@bseindia.com 3) The Dy. General Manager National Stock Exchange of India Ltd. Email: takeover@nse.co.in The following abbreviations have been used all through the document: TC stands for ‘Target Company’, ‘Takeover Regulations’ stands for ‘SEBI (Substantial Acquisition of Shares and Takeover Regulations) 2011 Format under Regulation 10(7) – Report to SEBI in respect of any acquisition made in reliance upon exemption provided for in regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1 General Details a. Name, address, telephone no., e-mail of Pursuant to SEBI Exemption Order dated 16 acquirer (s) {In case there are multiple December 2025 bearing reference number acquirers, provide full contact details of any WTM/KCV/CFD/16/2025-26 in the matter of “Ashapura Minechem Limited" the following one acquirer (the correspondent acquirer) with settlement was effected to streamline the succession whom SEBI shall correspond.} planning and continued welfare of the Promoter Family:: A. shares of Ashapura Minechem Limited have been settled by Mrs. Dina Chetan Shah, Promoter of the Target Company, , in favour of the following Acquirers / Transferee(s): (i) Himani Ankur Shah Family Trust B. 49,994 Equity shares representing 99.99% of Ashapura Industrial Finance Limited, Promoter Group Company have been settled by Mr. Chetan Navnitlal Shah, Promoter of the Target Company, in favour of the following Acquirers / Transferee(s): (ii) Manan Chetan Shah Family Trust Ashapura Industrial Finance Limited holds 1,69,55,819 Equity shares representing 17.75% of the Company. On behalf of above Acquirer Trusts following are the details of Mrs. Chetan Navnitlal Shah, Managing Trustee of the aforementioned trusts. Address: 3rd Floor, Jeevan Udyog, 278 D. N. Road, Fort, Mumbai – 400 001. Contact: 022 – 6665 1700 Email: cosec@ashapura.com Clarification: This Report is being filed in compliance with condition 9(b) of Exemption Order No. WTM/KCV/CFD/16/2025-26 dated December 16, 2025, passed under Regulation 11 of the SEBI (Substantial Acquisition of Shares and Takeovers) The following abbreviations have been used all through the document: TC stands for ‘Target Company’, ‘Takeover Regulations’ stands for ‘SEBI (Substantial Acquisition of Shares and Takeover Regulations) 2011 Regulations, 2011 (“SAST Regulations”) in the matter of “Ashapura Minechem Limited”. It is respectfully submitted that there is no independent requirement under the SAST Regulations to file a report under Regulation 10(7) of SAST Regulations in respect of acquisitions exempted under Regulation 11 of SAST Regulations, and this Report is accordingly being filed in deference to the specific condition stipulated in the said Exemption Order. b. Whether sender is the acquirer (Y/N) Yes c. If not, whether the sender is duly authorized by NA the acquirer to act on his behalf in this regard (enclose copy of such authorization) d. Name, address, Tel no. and e-mail of the NA sender, if sender is not the acquirer 2 Compliance of Regulation 10(7) a. Date of report 22nd September, 2026 b. Whether report has been submitted to SEBI Yes within 21 working days from the date of the acquisition c. Whether the report is accompanied with fees This Report is being filed in compliance with condition as required under Regulation 10(7) 9(b) of Exemption Order No. WTM/KCV/CFD/16/2025-26 dated December 16, 2025, passed under Regulation 11 of SAST Regulations, and not pursuant to any independent requirement under SAST Regulations. Since the present acquisition has been exempted under Regulation 11 of SAST Regulations and not under Regulation 10 of SAST Regulations, the Acquirer respectfully submits that the fee requirement under Regulation 10(7) of SAST Regulations may not be strictly applicable to the present filing. It is further submitted that a fee of INR 5,00,000/- (Rupees Five Lakhs only) plus applicable GST was duly paid at the time of filing the Regulation 11 exemption application. 3 Compliance of Regulation 10(5) – NOT APPLICABLE a. Whether the report has been filed with the Regulation 10(5) of SAST Regulations mandates prior Stock Exchanges where the shares of the intimation to stock exchanges only in respect of Company are listed, atleast 4 working days acquisitions made under Regulations 10(1)(a) and Regulations 10(4)(e) and (f) of SAST Regulations. Since before the date of the proposed acquisition the present acquisition has been made pursuant to Exemption Order No. WTM/KCV/CFD/16/2025-26 The following abbreviations have been used all through the document: TC stands for ‘Target Company’, ‘Takeover Regulations’ stands for ‘SEBI (Substantial Acquisition of Shares and Takeover Regulations) 2011 dated December 16, 2025 passed under Regulation 11 of SAST Regulations, the Acquirer respectfully submits that the requirement of prior intimation under Regulation 10(5) of SAST Regulations is not applicable to the instant case b. Date of Report Not Applicable 4 Compliance of Regulation 10(6) - NOT APPLICABLE a. Whether the report has been filed with the Regulation 10(6) of SAST Regulations requires post- Stock Exchanges where the shares of the acquisition filing with stock exchanges only in respect Company are listed, within 4 working days of acquisitions made pursuant to exemptions provided under Regulation 10 of SAST Regulations. Since the after the date of the proposed acquisition present acquisition has been made pursuant to Exemption Order No. WTM/KCV/CFD/16/2025-26 dated December 16, 2025 passed under Regulation 11 of SAST Regulations, the Acquirer respectfully submits that the requirement of post-acquisition intimation under Regulation 10(6) of SAST Regulations is not applicable to the instant case. b. Date of Report Not Applicable 5 Details of the Target Company (TC) a. Name & address of TC Ashapura Minechem Limited Address: 3rd floor Jeevan Udyog, 278 D. N. Road, Fort, Mumbai – 400 001 b. Name of the Stock Exchange(s) where the (i) National Stock Exchange of India Limited shares of the TC are listed (ii) BSE Limited 6 Details of the acquisition a. Date of acquisition 1st September, 2026 b. Acquisition price per share (in Rs.) Nil. The acquisition in the present case is effected by way of gift / without monetary consideration, as a private family arrangement and non-commercial transaction undertaken for succession planning and internal re- organization within the Promoter family, pursuant to the exemption granted by SEBI vide Order No WTM/KCV/CFD/16/2025-26 dated December 16, 2025 c. Regulation which would have been triggered Regulations 3(1), 4 and 5 of SAST Regulations an open offer, had the report not been filed under Regulation 10(7). (Whether Regulation 3(1), 3(2), 4 or 5) d. Shareholding [Showing first 8,000 characters — download PDF for full document]