Asahi India Glass Limited has informed the Exchange regarding Board meeting held on July 30, 2025.
ASAHIINDIA · price
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Asahi India Glass reported Q1 FY26 standalone revenue of Rs. 1,143.83 crore, up 7.6% year-on-year, but net profit fell 30% to Rs. 53.37 crore (from Rs. 76.46 crore). Consolidated net profit declined to Rs. 54.79 crore vs Rs. 76.69 crore a year ago, with EPS of Rs. 2.31. The board accepted the resignation of AGC nominee director Mr. Masahiro Takeda (retiring from parent AGC Inc., Japan) effective July 31, 2025, and appointed Mr. Kazuo Ninomiya as his replacement from August 1, 2025. Ms. Sheetal Mehta was re-appointed as Independent Director for a second 5-year term from November 4, 2025. The 40th AGM is scheduled for September 10, 2025, and Mr. Sundeep Kumar Parashar was appointed as Secretarial Auditor for FY26–FY30. The NCLT-approved merger of three subsidiaries into AIS Glass Solutions Limited became effective July 1, 2025.
Profitability took a sharp hit despite revenue growth, primarily due to higher power, fuel, finance, and depreciation costs. The director change is a routine nominee rotation by promoter AGC and not a governance concern. Investors should watch for margin recovery in coming quarters.