Asahi Songwon Colors Appoints Maulik P. Shah as Chief Financial Officer and Key Managerial Personnel
Asahi Songwon Colors Limited has appointed Mr. Maulik P. Shah as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of the company, effective from July 07, 2026. The appointment was approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.The company also authorized several personnel for determining the materiality of an event or information and for making disclosures to Stock Exchanges. Mr. Maulik P. Shah has been designated as both Managing Director and Chief Financial Officer, while Mr. Joseph Saji Varghese, Company Secretary & Compliance Officer, and Mr. Gokul M. Jaykrishna are among the authorized KMPs.
Mr. Shah is a qualified Chartered Accountant and a Member of the Institute of Chartered Accountants of India (ICAI). He brings over 20 years of extensive experience across various financial functions, including financial planning and analysis, budgeting, treasury management, insurance, foreign exchange management, mergers and acquisitions, and internal financial controls.
Prior to joining Asahi Songwon Colors Limited, Mr. Shah served as the General Manager - Accounts at AIA Engineering Limited from January 2023 to June 2026. His earlier experience includes a role as General Manager - Accounts at Johnson Controls-Hitachi Air Conditioning India Limited from May 2007 to January 2023.
Mr. Shah has been confirmed as not being debarred from holding the office of Chief Financial Officer or Key Managerial Personnel by any authority.
The following table outlines key details regarding the appointment and profile:
| Detail | Information |
|---|---|
| Date of Appointment | July 07, 2026 |
| Role | Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) |
| Experience Profile | Over 20 years in financial planning and analysis, budgeting, treasury management, insurance, foreign exchange management, mergers and acquisitions, internal financial controls, and other strategic finance and commercial functions. |
| Prior Experience | General Manager - Accounts at AIA Engineering Limited (January 2023 to June 2026) and Johnson Controls-Hitachi Air Conditioning India Limited (May 2007 to January 2023). |
ASAHISONG Stock Price Movement
As of 12:29 PM, shares of Asahi Songwon Colors Limited are edging higher to ₹259.65, as the stock gains 1.39% in live trading. Trading volume currently stands at 5,400 shares during this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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