Ashapura Minechem holds 45th AGM; declares 100% dividend for FY26
Ashapura Minechem's 45th AGM on Sept 29, 2026, saw the declaration of a 100% final dividend for FY26. The company reported consolidated Income from Operations of ₹5,237 crore and PBT of ₹449 crore for FY26. Bauxite exports rose to 8 million tonnes. Shri Chetan Shah will transition to Chief – Strategy & Planning.
The increase in dividend and improved financial metrics suggest a positive impact on shareholders. The transition of a key figure to a strategic role also indicates a planned approach to future growth.
The announcement highlights strong financial performance, a significant increase in dividend payout, and positive operational developments like increased bauxite exports, indicating a favorable outlook for the company.
Ashapura Minechem Limited convened its 45th Annual General Meeting (AGM) on September 29, 2026, through Video Conferencing. The meeting was presided over by Shri Chetan Shah, who was elected as the Chairman. The AGM proceedings included a review of the company's performance and strategic initiatives.
During the fiscal year 2025-26, the company reported a consolidated Income from Operations of ₹5,237 crore and Profit Before Tax and Exceptional Items of ₹449 crore. Bauxite exports from Guinea operations saw a significant increase to approximately 8 million tonnes, up from 3.5 million tonnes in the previous year. The company also highlighted its progress in infrastructure, logistics, port capacity expansion, and the introduction of ESOP 2026.
A final dividend of 100% (₹2 per equity share) was recommended for FY 2025-26, a notable increase from the 50% dividend in the prior year. The company outlined its future focus on expanding Guinea export volumes, improving margins through operational efficiencies, growing value-added products, strengthening partnerships, and expanding its global market presence.
Shri Chetan Shah announced his retirement as a Director at the conclusion of the AGM but will continue with the company as Chief – Strategy & Planning from October 1, 2026. Shareholders raised queries regarding business performance, future outlook, and revenue guidance, which were addressed by the Chairman. The meeting concluded at 3:54 p.m., with e-voting facility remaining open for 15 minutes post-conclusion. The AGM transacted business including the adoption of audited financial statements for FY ended March 31, 2026, declaration of the final dividend, ratification of the Cost Auditor's remuneration, and approval of the place of profit for Shri Chetan Shah in his new role.
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Ashapura Minechem Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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