Asahi Songwon Colors Ltd Reports Resignation of Independent Director
Asahi Songwon Colors Ltd announced the resignation of Mr. Sudhin Bhagwandas Choksey as a Non-Executive Independent Director. The change in the company's board composition was detailed in a statement issued on April 05, 2026.Mr. Sudhin Bhagwandas Choksey tendered his resignation on April 04, 2026, via email, which the company received on April 05, 2026, at 7.46 am IST. The stated reason for his departure was current time constraints. His resignation as Independent Director was effective from the close of business hours on April 04, 2026.
The details regarding the resignation are presented in the following summary:
| SI No. | Particulars | Information with regard to Resignation of Mr. Sudhin Bhagwandas Choksey |
|---|---|---|
| 1 | Reason for Change viz. appointment, i'e-appointment, resignation, removal, death, cessation or otherwise | Mr. Sudhin Bhagwandas Choksey (DIN: 00036085) resigned as Non-Executive Independent Director of the Company vide letter dated April 04, 2026 received through email by the Company on April 05, 2026 at 7.46 am (IST). |
| 2 | Date of appointment/i'e-appointment /resignation/ cessation (as applicable) & terms of appointment/re-appointment | Date of Resignation: Effective from close of business hours on April 04, 2026. |
| 3 | Brief Profile (in case of appointment) | Not Applicable |
| 4 | Disclosure of relationships between Directors (in case of appointment of a Director) | Not Applicable |
Stock Price Movement
Asahi Songwon Colors Limited shares gained ₹8.75, finishing at ₹209.50 on Thursday, April 2nd, marking a 4.36% increase from the previous close. During the session, the stock traded between ₹196.41 and ₹209.79, with trading occurring amid low activity. This movement keeps the share price within its historical range compared to its 52-week high of ₹491.95.Source:
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