Manan Shah co-opted as Additional Director, designated Whole Time Director – Business Development for 5 years
Board has co-opted Mr. Manan Shah (DIN: 06378095) as Additional Director and designated him Whole Time Director – Business Development for 5 years w.e.f. 01st October, 2026, subject to members' approval.
- Appointee Name
- Mr. Manan Shah (DIN: 06378095)
- Role
- Whole Time Director – Business Development
- Tenure
- 5 years w.e.f. 01st October, 2026
- Relationship
- Son of promoter Mr. Chetan Shah and brother of director Ms. Himani Shah
- Experience
- Over a decade with Ashapura Group and across minerals, specialty materials, refractories, advanced ceramics and oil & gas
What was decided
The Board of Directors, at its meeting on 29th September, 2026 and on the recommendation of the Nomination and Remuneration Committee, co-opted Mr. Manan Shah (DIN: 06378095) as an Additional Director and designated him as Whole Time Director – Business Development for a period of 5 years with effect from 01st October, 2026, subject to approval of Members.
As Whole Time Director he will be recognised as Key Managerial Personnel under Section 203 of the Companies Act, 2013.
Background of the appointee
- Associated with the Ashapura Group for more than a decade.
- Currently oversees the Group's India operations across four business verticals: Bentonite & Allied Minerals, White Performance Materials, Specialty Adsorbent Solutions, and Advanced Ceramic Materials.
- Over a decade of experience across minerals, specialty materials, refractories, advanced ceramics and oil & gas.
- Previously served as Managing Director of Orient Ceratech Limited, an Associate company.
Relationships
He is the son of Mr. Chetan Shah, Promoter of the Company, and brother of Ms. Himani Shah, Director of the Company. Apart from this, he is not related to any other Director and has not been debarred from holding the office of Director by SEBI or any other authority.
Additional authority
From the date of his appointment, he is also authorised, along with the Company Secretary, to determine materiality of events or information and to make such disclosures to the stock exchanges.
Meeting timing
The Board meeting started at 6:30 p.m. and concluded at 7:30 p.m.
How to read this
This is a leadership addition from within the promoter family, focused on business development. The appointment is effective from 01st October, 2026 but still needs shareholder approval.
Also from Ashapura Minechem
45th AGM proceedings: Chetan Shah retires as Director, moves to Chief – Strategy & Planning
29 Sep 2026
More numbers
- Term as Whole Time Director5 years
- Business verticals overseenfour major business verticals
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