Ashapura Minechem Appoints Manan Shah to Board

Manan Shah named Whole Time Director – Business Development effective October 1, 2026 for five years.
He is now a Key Managerial Personnel (KMP) and authorized to manage material regulatory disclosures.

Reader Takeaway: Strategic leadership continuity in core mineral verticals; appointment subject to formal shareholder approval as per regulations.

What just happened

Ashapura Minechem Limited’s Board of Directors has approved the appointment of Mr. Manan Shah as an Additional Director and Whole Time Director – Business Development. The tenure for this executive position is set for five years, pending approval from the company’s members.

Why this matters

Mr. Shah has been a long-term veteran of the Ashapura Group, managing diverse portfolios including Bentonite, White Performance Materials, and Advanced Ceramic Materials. His formal entry into the board-level management signifies the company's focus on maintaining internal continuity and expertise in high-growth mineral sectors. By designating him as a KMP and authorized signatory, the firm integrates him into the core governance and disclosure framework required by SEBI.

The backstory

Prior to this role, Mr. Shah served as the Managing Director of the associate firm, Orient Ceratech Limited. His experience spans specialized fields such as oil & gas, refractories, and specialty minerals. The company has confirmed that Mr. Shah is the son of promoter Mr. Chetan Shah and the brother of director Ms. Himani Shah, ensuring the transition stays within the existing leadership framework.

What changes now

Mr. Shah will assume oversight of the group's operations in India. He is now one of the primary points of contact for determining the materiality of events and managing disclosures to the BSE and NSE, working alongside the Company Secretary.