Asahi Songwon Colors Limited has informed the Exchange regarding the Notice of Postal Ballot.
ASAHISONG · price
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Asahi Songwon Colors Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Rupesh Chandrakant Shah (DIN: 00277687) as an Independent Director. The Board had initially appointed him as Additional Director (Independent Director) on March 31, 2026, and this appointment now requires shareholder confirmation. Mr. Shah, aged 73, is a Gold Medallist from Gujarat University with a Ceramic Engineering degree from the USA and brings over 50 years of industrial experience in ceramic and food processing industries. He has held leadership positions including Chairman of Indian Ceramic Society (Gujarat Chapter) and President of Gujarat Chamber of Commerce & Industry. The appointment is for a term of 5 years (March 31, 2026 to March 30, 2031). Remote e-voting runs from May 30, 2026 to June 28, 2026.
This is a routine board strengthening exercise through appointment of an experienced independent director. The addition of Mr. Shah with his extensive industrial and export experience should provide good strategic oversight for the pigments and chemicals business. No direct material impact on stock price expected from this regular governance update.