Asahi Songwon Colors Approves Financial Results, Recommends Dividend, and Announces Key Leadership Changes
On May 26, 2026, the Board of Directors of Asahi Songwon Colors Limited approved the company's Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. In conjunction with the financial review, the Board also recommended a final dividend and addressed several key management appointments and resignations.Financial Results and Dividend Recommendation
The Board approved the audited financial results, confirming the company's financial standing for the period. The Board also recommended a Final Dividend of Rs. 1.50 per Equity Share (representing 15.00% of the face value of Rs. 10 per share) for the financial year 2025-26. This dividend is subject to the approval of the Members at the ensuing Annual General Meeting (AGM).
The company's performance metrics are detailed in the following statements:
Standalone Financial Results (In Lakhs)
| Particulars | 31-03-2026 (Audited) | 31-12-2025 (Unaudited) | 31-03-2025 (Audited) | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|---|---|---|
| Total Income | 9,535.04 | 7,555.01 | 10,907.12 | 35,463.39 | 39,815.27 |
| Total Expenses | 8,162.10 | 7,103.40 | 9,706.8 | 32,341.68 | 36,349.07 |
| Profit/ (Loss) before tax | 1,372.93 | 451.61 | 1,200.31 | 3,121.71 | 3,466.19 |
| Profit/ (Loss) for the period | 976.99 | 353.35 | 922.97 | 2,245.63 | 2,548.87 |
| Total Comprehensive Income | 910.11 | 439.11 | 953.10 | 2,167.64 | 2,578.99 |
| Basic Earnings per share | 8.29 | 3.00 | 7.83 | 19.05 | 12.00 |
Consolidated Financial Results (In Lakhs)
| Particulars | 31-03-2026 (Audited) | 31-12-2025 (Unaudited) | 31-03-2025 (Audited) | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|---|---|---|
| Total Income | 14,754.46 | 12,074.91 | 15,336.68 | 54,218.02 | 56,640.18 |
| Total Expenses | 13,247.41 | 11,809.24 | 14,418.87 | 51,661.87 | 54,142.62 |
| Profit/ (Loss) before tax | 1,507.05 | 265.66 | 917.81 | 2,556.15 | 2,497.55 |
| Profit/ (Loss) for the period | 1,082.31 | 226.40 | 687.36 | 1,777.88 | 1,685.54 |
| Total Comprehensive Income | 1,029.77 | 312.17 | 716.16 | 1,714.24 | 1,714.33 |
| Basic Earnings per share | 9.22 | 2.11 | 6.48 | 15.92 | 12.00 |
***
Governance and Leadership Updates
The Board meeting addressed significant changes in the company's leadership and governance structure.
Management Appointments and Transitions
The Board took note of the following personnel changes:
- Mrs. Paru Mrugesh Jaykrishna: Was re-appointed as Chairperson and Managing Director for a further period of three consecutive years, effective from August 1, 2026.
- Mr. Gokul Mrugesh Jaykrishna: Was re-appointed as Managing Director for a further period of three consecutive years, effective from August 1, 2026. Concurrently, he resigned from the position of Chief Executive Officer (CEO), effective from the close of business hours on May 26, 2026.
- Mr. Arjun Gokul Jaykrishna: Was appointed as Chief Executive Officer (CEO) of the Company, effective from May 27, 2026.
- Resignations Noted: The Board also took note of the resignation of Mr. Sudhin Choksey from the position of Non-Executive Independent Director, effective April 4, 2026, and Mr. Pratik Shah from the position of Chief Financial Officer (CFO), effective April 9, 2026.
Committee Reconstitution
The Board reconstituted various committees, effective May 26, 2026, including the Audit Committee, the Nomination and Remuneration Committee, and the Risk Management Committee.
The members of the reconstituted committees are:
| Committee Name | Member | Designation | Category |
|---|---|---|---|
| Audit Committee | Mr. Anil Jain | Chairman | Non-Executive Independent Director |
| Mr. Rupesh Shah | Member | Additional Director (Non-Executive & Independent) | |
| Mrs. Shivani Revat Lakhia | Member | Non-Executive Independent Director | |
| Nomination and Remuneration Committee | Mrs. Shivani Revat Lakhia | Chairperson | Non-Executive Independent Director |
| Mr. Anil Jain | Member | Non-Executive Independent Director | |
| Mr. Rupesh Shah | Member | Additional Director (Non-Executive & Independent) | |
| Risk Management Committee | Mr. Anil Jain | Chairman | Non-Executive Independent Director |
| Mrs. Shivani Revat Lakhia | Member | Non-Executive Independent Director | |
| Mr. Rupesh Shah | Member | Additional Director (Non-Executive & Independent) |
Financial Position Summary
The audited standalone and consolidated balance sheet figures confirm the company's assets and liabilities:
| Particulars | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | 48,032.36 | 43,864.48 |
| TOTAL EQUITY AND LIABILITIES | 48,032.36 | 43,864.48 |
| Equity Share Capital | 1,178.73 | 1,178.73 |
| Other Equity | 29,507.98 | 27,517.15 |
| Total Non-current Liabilities | 1,882.48 | 2,523.49 |
| Total Current Liabilities | 15,463.17 | 17,023.19 |
ASAHISONG Stock Price Movement
Today, Asahi Songwon Colors Limited shares rallied to close at ₹257.48, gaining 9.61% on the back of solid momentum. The equity saw robust trading activity, with the total volume settling at 99,542 shares.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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