Asahi Songwon Colors Limited has informed the Exchange regarding Resignation of Mr. Gokul M. Jaykrishna as CEO of the Company. He shall continue as Managing Director of the Company.
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 FY26. Standalone revenue from operations was Rs. 9,074.11 lakhs for Q4 and Rs. 34,413.90 lakhs for FY26, with standalone profit after tax of Rs. 976.99 lakhs for Q4 and Rs. 2,245.63 lakhs for FY26. Consolidated revenue was Rs. 14,754.46 lakhs for Q4 and Rs. 54,218.02 lakhs for FY26. The Board recommended a final dividend of Rs. 1.50 per equity share (15%) for FY26. Key management changes include: Mr. Gokul Mrugesh Jaykrishna resigned as CEO (effective May 26, 2026) but continues as Managing Director (reappointed for 3 years from August 1, 2026); Mr. Arjun Gokul Jaykrishna appointed as new CEO (effective May 27, 2026); Mr. Pratik Shah had earlier resigned as CFO (effective April 9, 2026); Mr. Sudhin Choksey had earlier resigned as Independent Director (effective April 4, 2026). Various Board Committees were reconstituted with new members including Mr. Rupesh Shah as Additional Director.
The leadership transition shows a family succession plan with Arjun Gokul Jaykrishna taking over as CEO while Gokul Jaykrishna remains as Managing Director. The CFO and Independent Director resignations add to governance concerns. The company maintained profitability and recommended dividend, indicating stable operations despite management changes.