Asahi Songwon Colors Limited has informed the Exchange about Intimation Of Appointment Of Secretarial Auditors
ASAHISONG · price
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The Board of Asahi Songwon Colors approved the appointment of M/s. SPANJ & Associates, Practicing Company Secretaries (Ahmedabad), as Secretarial Auditors for five consecutive years from FY2025-26 to FY2029-30, subject to shareholder approval. The Board also approved Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated unaudited financial results, which carried an unqualified limited review report from statutory auditors Talati & Talati LLP. On a standalone basis, revenue from operations rose to Rs. 10,613.27 lakhs from Rs. 8,983.21 lakhs YoY (about 18% growth), while profit after tax was nearly flat at Rs. 553.39 lakhs versus Rs. 564.78 lakhs. On a consolidated basis, revenue grew to Rs. 14,987.78 lakhs from Rs. 13,427.52 lakhs, but profit attributable to owners fell sharply to Rs. 316.31 lakhs from Rs. 517.48 lakhs, dragged down by losses in the API segment and a negative non-controlling interest contribution.
Routine governance update – appointment of a long-term secretarial auditor signals continuity in compliance oversight and is not a red flag. For shareholders, the Q1 numbers are mixed: standalone performance is steady with healthy revenue growth, but the consolidated picture shows margin pressure in the API business, which may concern investors watching profitability trends.