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Home > Business India > Company Profiles: Ashapura Minechem Ltd.

Ashapura Minechem Ltd.
Registered & Admin. Office : Jeevan Udyog Building 3rd Floor 278 D N Road Mumbai Maharashtra - 400001 Tel: 66221700
Business Group: Not Applicable Industry Type: Mining/Minerals
Key Officials:
Mrs. Dina Shah
Mr. Ashok Kadakia
Mr. Ryan McKendrik
Mr. Burjor Antia
Mr. Shailesh Bathiya
Mr. Navnitlal Shah
Mr. Larry Washow
Mr. Piyush Vora
Mr. Gary Castagna
Mr. Chetan Shah
Mr. Gary Morrison
Mr. Rasiklal Doshi
Non Executive Director
Non Executive Director
Alternate Director
Non Executive Director
Non Executive Director
Executive Chairman
Non Executive Director
Non Executive Director
Non Executive Director
Managing Director & CEO
Alternate Director
Non Executive Director
Public Issue Date: 21/07/1993 BSE CODE: 527001 NSE CODE: ASHAPURMINEQ
Face Value: 2 Market Lot: 1 ISIN: INE348A01023
Current PE: 1.5473 Current Market Capital: 210.498
Promoters %: 41.9764
Promoters Shares: 33148207
Institution Investment %: 13.8739
Institution Investment Shares: 10955986
Auditor:
Sanghavi & Co.
Banker:
Registrar:
Intime Spectrum Registry Ltd. C-13 Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400078 Maharashtra 25960320
Company History: YEAR EVENTS

1982 - The Company was fored as a private limited company on 19th February. The Company became deemed public limited company on 30th June. 1991 and with effect from 29/09/1992 it was converted into public limited company. - The company is one of the pioneers in industrial mineral development in India. It carries on the business of mining processing of Bentonite lumps powder and other mined minerals like China clay Calcium Carbonate Barytes etc.

- The company has been promoted by Mr. Navnitlal R.Shah. Ashapura Minechem Limited has one wholly owned subsidiry namely Ashapura International Limited which is engaged in the bussiness of mining production and sales of Bentonite. The Company was incorporated on 18th December 1989.

1996 - The Company has concluded a Memorandum of Understanding with AMERICAN COLLOID COMPANY (ACC) of USA for future collaboration for establishing a joint venture Company. The proposed name of this Company is ASHAPURA VOLCLAY LTD. (AVL). The proposed joint venture Company will put up projects in Kutchh (Gujarat) for manufacture of value-added products of Bentonite.

1997 - Shri Bachubhai N. Shah was appointed as an Additional Director on 4th August with effect from 1st August and holds office till the ensuing Annual General Meeting.

1999 - The Promoters had made a Public Offer of No. of 12 00 000 Equity Shares of the Company held by them to comply with directives issued under Rule 19(2)b) of the Securities Contract (Regulations) Rules 1957 to which there was no response.

- Mr. John Hughes and Mr. Frank B. Wright Jr. of the American Colloid Group have been appointed with effect from 1st June as Additional Directors on the Board.

2000 - Ashapur Minechem appointed Mr. Larry Washow and Mr. Kanitbhai Parmar as Directors.

2002-Ashapura Minechem Ltd has informed thatMr Frank B Wright Jr has resigned as Director of the Company w e f June 28 2002 and the same was accepted by the Board of Directors.Mr Gary Castagna has been appointed as the Additional Director of the Company w e f June 28 2002.Mr Gary Morrison and Mr Ryan Mckendrick have been appointed as the Alternate Directors to Mr Gary Castagna and Mr Larry Washow respectively w e f June 28 2002.

-Ashapura Minechem Ltd has informed BSE that they have acquired the remaining 49% of the equity share capital of Bombay Minerals Ltd. Consequently Bombay Minerals Ltd have become a wholly owned subsidiary of the company.

2003-Members have approved delisting of its equity shares of the Company from Delhi and Madras Stock Exchanges

2005

-Ashapura Minechem signs JV deal with Chinese firm for Kutch plant

2008

- Ashapura Minechem Ltd has appointed Shri Jayesh Doshi as the Chief Financial Officer of the Company with effect from June 16 2008.

(Source: RTGSL)


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