Asahi Songwon Colors Limited has informed the exchange about outcome of Board Meeting
ASAHISONG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asahi Songwon Colors Limited held its Board Meeting on May 26, 2026 and approved the audited financial results for Q4 and full year FY 2025-26. Standalone revenue declined to Rs. 34,413.90 lakhs from Rs. 39,022.47 lakhs in the previous year (about 11.8% decline), while consolidated revenue fell to Rs. 54,218.02 lakhs from Rs. 56,640.18 lakhs. Standalone PAT decreased to Rs. 2,245.63 lakhs from Rs. 2,548.87 lakhs, though consolidated PAT improved slightly to Rs. 1,777.88 lakhs from Rs. 1,685.54 lakhs. The Board recommended a final dividend of Rs. 1.50 per equity share (15%) subject to shareholder approval. Key management changes include the appointment of Arjun Gokul Jaykrishna as new CEO (replacing Gokul Mrugesh Jaykrishna), and resignations of CFO Pratik Shah and Independent Director Sudhin Choksey. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financials.
The company reported a revenue decline for FY 2025-26, and operating cash flow turned negative at Rs. 1,771.83 lakhs for standalone operations, which may concern investors. However, the clean audit opinion and dividend recommendation provide some stability. The leadership transition with a new CEO from the promoter family may be viewed neutrally.