Asahi Songwon Colors Limited has informed the Exchange Board approves Dividend.
ASAHISONG · price
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On the reaction day the stock moved 7.0 pts more than Nifty Microcap 250 and 7.1 pts more than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Asahi Songwon Colors board has recommended a final dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. For FY 2025-26, standalone revenue from operations declined to Rs. 34,413.90 lakhs from Rs. 39,022.47 lakhs in the prior year, while consolidated revenue fell to Rs. 53,547.65 lakhs from Rs. 56,235.84 lakhs. However, consolidated profit before tax marginally improved to Rs. 2,556.15 lakhs from Rs. 2,497.55 lakhs. Basic EPS stood at Rs. 19.05 (standalone) and Rs. 15.92 (consolidated). The board also approved audited financial results with unqualified opinion. Additionally, leadership changes occurred with Gokul Mrugesh Jaykrishna stepping down as CEO and Arjun Gokul Jaykrishna appointed in his place, while various board committees were reconstituted.
The dividend of Rs. 1.50 per share represents a modest payout. Revenue decline despite stable profits signals improved cost efficiency. Leadership transition in the promoter family may be watched closely by investors.