Ashapura Minechem Appoints Manan Shah as Whole Time Director - Business Development
Ashapura Minechem Limited's Board has appointed Mr. Manan Shah as Additional Director and Whole Time Director – Business Development for 5 years, effective October 1, 2026. He is the son of Promoter Mr. Chetan Shah and brother of Director Ms. Himani Shah. His appointment is subject to member approval.
The appointment of a key managerial personnel in a significant role like Whole Time Director - Business Development can have a medium-term impact on the company's strategic direction and business growth.
The appointment of a Whole Time Director, especially one with significant experience within the group and a focus on business development, is generally viewed positively for a company's growth prospects.
Ashapura Minechem Limited announced the outcome of its Board Meeting held on 29th September 2026. The Board, based on the recommendation of the Nomination and Remuneration Committee, has co-opted Mr. Manan Shah (DIN: 06378095) as an Additional Director. He has been designated as the Whole Time Director – Business Development for a period of 5 years, effective from 01st October 2026, subject to the approval of the Company's members.
Mr. Manan Shah is recognized as Key Managerial Personnel under Section 203 of the Companies Act, 2013. He brings over a decade of experience within the Ashapura Group, currently overseeing operations across Bentonite & Allied Minerals, White Performance Materials, Specialty Adsorbent Solutions, and Advanced Ceramic Materials. His expertise spans minerals, specialty materials, refractories, advanced ceramics, and oil & gas sectors, with a focus on driving business growth and value creation.
Mr. Shah is the son of Mr. Chetan Shah, a Promoter of the Company, and brother of Ms. Himani Shah, a Director. He is not related to any other Director and has not faced any debarment from holding office by regulatory authorities. From his appointment date, Mr. Manan Shah will also be authorized, along with the Company Secretary, for determining the materiality of events and making necessary disclosures to the stock exchanges.
The Board Meeting commenced at 6:30 p.m. and concluded at 7:30 p.m.
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Ashapura Minechem Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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