Proceedings of Postal Ballot

Ref No.: Minechem/Stock Exch/Letter/ 8454 August 31, 2026 The Dy. General Manager, The Dy. Gen. Manager, Corporate Relations & Services Dept., National Stock Exchange of India Ltd., Bombay Stock Exchange Limited Corporate Relations Dept., Phirojsha Jeejibhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Mumbai - 400 001. Plot No. C/1. G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051. Scrip Code: 527001 Scrip Code: ASHAPURMIN Dear Sir/Madam, Sub: Submission of Proceedings of announcement of results of the resolution passed through postal ballot/e-voting Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the proceedings of the Postal Ballot. Kindly take the same on record. Thanking you, Yours faithfully, For ASHAPURA MINECHEM LTD SACHIN POLKE COMPANY SECRETARY & PRESIDENT (CORPORATE AFFAIRS) Encl: As Above RECORD IN BRIEF OF THE PROCEEDINGS OF THE ORDINARY RESOLUTIONS PASSED BY WAY OF THE POSTAL BALLOT THROUGH REMOTE E-VOTING PROCESS BY THE MEMBERS OF ASHAPURA MINECHEM LIMITED ON MONDAY, 31ST AUGUST, 2026 RESULTS OF WHICH WERE DECLARED ON MONDAY, 31ST AUGUST, 2026 AT THE REGISTERED OFFICE OF THE COMPANY, JEEVAN UDYOG BUILDING, 3RD FLOOR, 278, D. N. ROAD, FORT, MUMBAI – 400001 The Board of Directors of the Company at its meeting held on Friday, 24th July, 2026, had proposed to conduct a Postal Ballot pursuant to Section 108 and Section 110 of the Companies Act, 2013 (‘the Act’) read with Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014, and in compliance with the General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020 read with other relevant circulars, including General Circular No. 3/2025 dated September 22, 2025 (collectively referred to as the “MCA Circulars”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India and other applicable laws and regulations, if any, including any statutory amendment(s), modification(s), variation(s) or reenactment(s) thereto, for the time being in force, to seek approval of the Member for transacting the special business as set out in the Postal Ballot notice dated 24th July, 2026. Pursuant to the provisions of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations & Disclosures Requirements), Regulation 2015, the Company had provided e-voting facility to all Members as on the Specified date/cut-off date (i.e. Friday, 24th July, 2026) and appointed Central Depository Services (India) Limited (CDSL) as an agency to provide the e-voting platform. The Company had completed the dispatch of the Postal Ballot Notice to the Members on Friday, 31st July, 2026 and the voting period (e-voting) commenced from commence on Sunday, 2nd August, 2026 (9.00 A.M.) and end on Monday, 31st August, 2026 (5.00 P.M.). The Board of Directors at its meeting held on Friday, 24th July, 2026 had appointed Shri Virendra Bhatt (ACS No. 1157, COP No. 124), Practicing Company Secretary, as Scrutinizer for conducting the postal ballot (e-voting process) in a fair and transparent manner. The deemed date of the passing the resolution is the last date of closure of the e-voting process i.e. 31st August, 2026. The Members were informed about the completion of dispatch of Postal Ballot Notice by newspaper advertisement published in the Free Press Journal (English) Edition and Navshakti (Marathi Edition) on 01st August, 2026. After due scrutiny of all the e-voting confirmations received till Monday, 31st August, 2026 Shri Virendra Bhatt, Scrutinizer submitted his report and the result was declared on Monday, 31st August, 2026 at the Registered Office of the Company at Jeevan Udyog Building, 3rd Floor, 278, D. N. Road, Fort, Mumbai-400001 by Shri Sachin Polke, Company Secretary & President (Corporate Affairs) as duly authorized by the Board of Directors of the Company. Particulars of votes cast through electronic means only have been entered in the register separately maintained for the purpose. Since the voting on Postal Ballot process was conducted only through e-voting, reporting on finding of defaced or mutilated ballot paper does not arise. The summary of result of Postal Ballot by way of remote E-Voting as per the Scrutinizer’s Report in respect of Resolutions as set out in the Postal Ballot Notice dtd. 24th July, 2026 is as under: Summary of the voting exercised by the Members through remote E-Voting: Ordinary Resolution No. 1: To approve Material Related Party Transaction(S) between Ashapura Holdings UAE FZE (‘AHUF) and Ashapura Minex Resources SA (‘MINEX’) Category Mode of No. of No. of % of No. of No. of % of votes % of Votes voting shares votes Votes votes – in votes – in favour against on held polled polled on favour against on votes votes polled outstandi polled ng shares (1) (2) (3)=[(2)/(1 (4) (5) (6)=[(4)/(2) (7)=[(5)/(2)]*1 )]*100 ]*100 00 Promoter E-Voting 45882754 0 0.0000 0 0 0.0000 0.0000 Poll Promoter Group Postal Ballot (if applicable) Total 45882754 0 0.0000 0 0 0.0000 0.0000 Public- E-Voting 18832483 16618333 88.2429 16618333 0 100.0000 0.0000 Institutions Poll Postal Ballot (if applicable) Total 18832483 16618333 88.2429 16618333 0 100.0000 0.0000 Public- E-Voting 30810861 337635 1.0958 330035 7600 97.7490 2.2510 Poll Institutions Postal Ballot (if applicable) Total 30810861 337635 1.0958 330035 7600 97.7490 2.2510 Total 95526098 16955968 17.7501 16948368 7600 99.9552 0.0448 Details of Invalid Votes Category No. of Votes Promoter and Promoter Group 2245734 Public Institutions Public - Non Institutions Ordinary Resolution No. 2: To approve Material Related Party Transaction(S) between Ashapura Holdings UAE FZE (‘AHUF) AND Societe Guineenne Des Mines De Fer SA (‘SGMF’) Category Mode of voting No. of No. of % of Votes No. of No. of % of votes % of shares votes polled on votes – in votes in favour Votes held polled outstandin favour – on votes against g shares again polled on votes st polled (1) (2) (3)=[(2)/(1 (4) (5) (6)=[(4)/(2 (7)=[(5)/( )]*100 )]*100 2)]*100 Promoter E-Voting 45882754 0 0.0000 0 0 0.0000 0.0000 Poll Promoter Group Postal Ballot (if applicable) Total 45882754 0 0.0000 0 0 0.0000 0.0000 Public- E-Voting 18832483 16618333 88.2429 16618333 0 100.0000 0.0000 Institutions Poll Postal Ballot (if applicable) Total 18832483 16618333 88.2429 16618333 0 100.0000 0.0000 Public- E-Voting 30810861 337635 1.0958 329997 7638 97.7378 2.2622 Poll Institutions Postal Ballot (if applicable) Total 30810861 337635 1.0958 329997 7638 97.7378 2.2622 Total 95526098 16955968 17.7501 16948330 7638 99.9550 0.0450 Details of Invalid Votes Category No. of Votes Promoter and Promoter Group 2245734 Public Institutions Public - Non Institutions The text of the resolutions duly approved by the Members through remote E voting is as under: ORDINARY RESOLUTION NO. 1: TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) BETWEEN ASHAPURA HOLDINGS UAE FZE (‘AHUF) AND ASHAPURA MINEX RESOURCES SA (‘MINEX’): “RESOLVED THAT pursuant to Regulations 2(1)(zc), 23(4) and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), the applicable provisions of the Companies Act, 2013 (‘Act’) read with the related rules framed thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and other applicable laws/ statutory provisions, if any, and the Company’s Policy on Related Party Transactions, as amended, the consent of the Members be and is hereby accorded to the existing and/or new related party contract(s)/ arrangement(s)/transaction(s)/ material modification(s), if any (whether by way of an individual transaction or transactions taken [Showing first 8,000 characters — download PDF for full document]