Ashapura Minechem Limited — Others, 12-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Ashapura Minechem has disclosed a legal dispute with Bank of India (BOI). BOI has invoked a "recompense amount" clause from a 2013 settlement where Ashapura Minechem had fully repaid Rs. 125 crore dues. BOI, which initially retained a right to recover up to Rs. 25 crore under certain conditions, now demands Rs. 65.91 crore (including interest). Ashapura Minechem has filed a Writ Petition in the Bombay High Court, challenging the clause's validity and the demand. The company also seeks relief against BOI's continued "NPA" classification and refusal to release its securities. There is currently no immediate material financial impact on operations.