Asahi India Glass Limited has informed the Exchange regarding Appointment of Mr Kazuo Ninomiya as Non- Executive Director of the company w.e.f. August 01, 2025.
ASAHIINDIA · price
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Awaiting price reaction for this filing.
Asahi India Glass Limited's board met on July 30, 2025 and approved several items including Q1 FY26 financial results. Standalone net profit fell to Rs. 53.37 crore from Rs. 76.46 crore in Q1 FY25, a drop of about 30%, even as total revenue grew nearly 8% to Rs. 1,144 crore. Consolidated net profit also declined to Rs. 54.79 crore from Rs. 76.69 crore, with EPS at Rs. 2.31 versus Rs. 3.21. Mr. Masahiro Takeda resigned as Non-Executive Director effective July 31, 2025 due to his retirement from parent AGC Inc. Japan, and Mr. Kazuo Ninomiya (55, an AGC veteran from the float glass industry) will take over as Non-Executive Director from August 1, 2025 as AGC's new nominee. Independent Director Ms. Sheetal Mehta was re-appointed for a second 5-year term, SKP & Co. was named Secretarial Auditor for FY26–FY30, and the 40th AGM is set for September 10, 2025.
The sharp ~30% drop in quarterly profit despite revenue growth is a negative signal and may weigh on the stock in the short term, possibly due to higher power, finance, and depreciation costs. The director change is a routine promoter-nominee rotation from parent AGC Inc. and carries no operational risk.