Asahi Songwon Colors Limited has informed the Exchange that Board has approved 1. Reappointment of Mrs. Paru M. Jaykrishna as Chairperson and Managing Director of the Company. 2. Reappointment ....
ASAHISONG · price
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Asahi Songwon Colors reported its FY2025-26 audited results showing consolidated revenue of Rs. 5,354.77 million (down from Rs. 5,623.58 million in FY2024-25) and consolidated PAT of Rs. 177.79 million (vs Rs. 168.55 million). The Board recommended a final dividend of Rs. 1.50 per share (15%) for FY2025-26. Key leadership changes include: Mrs. Paru M. Jaykrishna reappointed as Chairperson and Managing Director for 3 years from August 1, 2026; Mr. Gokul Mrugesh Jaykrishna resigned as CEO but continues as Managing Director; Mr. Arjun Gokul Jaykrishna appointed as new CEO from May 27, 2026; Mr. Pratik Shah resigned as CFO effective April 9, 2026; Mr. Sudhin Choksey resigned as Independent Director effective April 4, 2026. Board committees were also reconstituted with new members.
The CFO and independent director resignations add governance uncertainty. The family succession at CEO level (Gokul to Arjun Jaykrishna) indicates continuity but requires monitoring. Revenue declined year-on-year though the company maintained profitability with a dividend recommendation.