Asahi Songwon Colors Approves Q1 Results, Appoints IPS Officer as Non-Executive Independent Director
Asahi Songwon Colors Limited announced key outcomes from its Board of Directors meeting held on July 29, 2026, including the approval of standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company also approved the appointment of Mr. Sanjay Srivastava as an Additional Director (Non-Executive Independent Director).The Board meeting reviewed and sanctioned both the standalone and consolidated unaudited financial statements, which have been subjected to a Limited Review by statutory auditors.
New Board Appointment
Based on the recommendation from the Nomination and Remuneration Committee, the Board approved Mr. Sanjay Srivastava's appointment as an Additional Director (Non-Executive Independent Director) of the company, effective July 29, 2026. The position is set for a term of five consecutive years, subject to approval by the members of the Company.Mr. Srivastava, aged 63, brings extensive experience from the police service. He is a distinguished retired Indian Police Service (IPS) officer with over three decades of experience in Public Administration and Law Enforcement. His professional career included serving as the Commissioner of Police for Ahmedabad City prior to his retirement in 2023. Mr. Srivastava also serves as an Independent Director on the Board of Solex Energy Limited.
Financial Performance Highlights (Standalone Results)
The company's standalone unaudited financial results for the quarter ended June 30, 2026, were reported across various key metrics.| Particulars | Quarter Ended 30/06/2026 (Unaudited) | Quarter Ended 31/03/2026 (Audited) | Quarter Ended 30/06/2025 (Unaudited) | Year Ended 31/03/2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 13,592.84 | 9,074.11 | 10,613.27 | 34,413.90 |
| Total Income | 13,814.05 | 9,535.04 | 10,819.39 | 35,463.39 |
| Total Expenses | 11,543.72 | 8,162.10 | 10,034.67 | 32,341.68 |
| Profit before Tax | 2,270.33 | 1,372.93 | 784.72 | 3,121.71 |
| Profit for the Period | 1,693.36 | 976.99 | 553.39 | 2,245.63 |
| Earnings per share (Basic/Diluted) | 14.37 | 8.29 | 4.69 | 19.05 |
Consolidated Financial Performance and Segments
The consolidated unaudited results for the quarter ending June 30, 2026, covered operations across multiple entities, including Asahi Songwon Colors Limited (Parent), Asahi Tennants Color Private Limited (Subsidiary), Atlas Life Sciences Private Ltd (Wholly owned Subsidiary), Atlas Life Sciences (India) Private Ltd (Wholly owned subsidiary), and Plutoeco Enviro Association (Associate).Consolidated performance figures for the quarter ending June 30, 2026:
| Particulars | Quarter Ended 30/06/2026 |
|---|---|
| Total Income | 18,969.96 lakhs |
| Total Expenses | 16,434.91 lakhs |
| Profit before Exceptional Items and Tax | 2,535.05 lakhs |
| Net Profit for the period Attributable to Owners of the Company | 1,923.20 lakhs |
The company also provided segment revenue and results data for both Pigments and API categories.
| Segment Type | Metric | Pigments (Q End 30/06/26) | API (Q End 30/06/26) | Total Revenue |
|---|---|---|---|---|
| Revenue | Segment Revenue (lakhs) | 15,515.96 | 3,454.00 | 18,969.96 |
| Results | Total Profit Before Tax (lakhs) | 2,308.22 | 485.21 | 2,535.05 |
The consolidated segment assets and liabilities for the quarter ending June 30, 2026, were:
| Segment Type | Metric | Pigments (lakhs) | API (lakhs) |
|---|---|---|---|
| Assets | Total Assets | 63,203.22 | 17,230.46 |
| Liabilities | Total Liabilities | 22,746.21 | 14,680.57 |
ASAHISONG Stock Price Movement
Shares of Asahi Songwon Colors Limited are climbing in live trading as of 2:36 PM, posting a gain of 5.7% and currently trading at ₹373. The stock has shown strong intraday action, fluctuating between a low of ₹345 and a high near ₹386.95 amid robust volume totaling 252,098 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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