Asahi Songwon Colors Limited has informed the Exchange regarding Appointment of Mrs. Paru M. Jaykrishna as Chairman & Managing Director of the company w.e.f. May 26, 2026.
ASAHISONG · price
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Asahi Songwon Colors Limited held its Board Meeting on May 26, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue declined to Rs. 34,413.90 lakhs from Rs. 39,022.47 lakhs YoY, while consolidated revenue fell to Rs. 53,547.65 lakhs from Rs. 56,235.84 lakhs. The Board recommended a final dividend of Rs. 1.50 per share (15%) for FY 2025-26, subject to shareholder approval. Key leadership changes include: Mrs. Paru M. Jaykrishna re-appointed as Chairperson & MD for 3 years from August 1, 2026; Mr. Gokul Mrugesh Jaykrishna resigned as CEO effective May 26, 2026, but continues as MD; Mr. Arjun Gokul Jaykrishna appointed as new CEO from May 27, 2026. Additionally, Mr. Sudhin Choksey (Independent Director) and Mr. Pratik Shah (CFO) had previously resigned in April 2026. All Board Committees were also reconstituted.
Revenue declined YoY but the company maintains profitability with EPS of Rs. 19.05 standalone. Leadership transition to family member as CEO with continuity in MD role may provide stability. Multiple KMP departures (CFO and independent director) in short span could raise governance concerns for investors.