Ashapura Minechem Limited — Others, 30-05-2025: Change in Auditors

Ashapura Minechem Ltd. has announced a board meeting on the financial results for the quarter and half-year, reporting consolidated total income of Rs. 2813.82 Cr, up 3.6% YoY. Profit before exceptional items rose 45% to Rs. 304.47 Cr, with profit after tax at Rs. 289.07 Cr, slightly above last year. The final dividend of 50% (Rs. 1 per share) awaits shareholder approval. Growth was driven by strong demand in Bentonite, Kaolin, and Bleaching Clay, alongside capacity expansions in India. The company enhanced bauxite export infrastructure in Guinea and secured a strategic service contract with China Railway, boosting mining and logistics. A new Independent Woman Director and a Secretarial Auditor were appointed, with auditors giving an unmodified opinion.