CFO Pratik Shah Resigns from Asahi Songwon Colors

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

ASAHISONG · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹233.01

prior close

₹226.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.1%-2.5% vs market

Dyes And Pigments peers, median of 8sector+1.9%-2.4% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.4 pts less than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.6

10m

+3.3

15m

+3.2

30m

+3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+2.1-2.5+1.9-2.4

Next day

-3.4+2.1-5.5+1.0-4.4

-2.9+4.7-7.5+4.2-7.1

-3.0+5.9-8.9+6.3-9.3

-0.9+7.1-8.0+9.2-10.1

+3.0+6.5-3.5+6.7-3.7

+2.1+9.1-6.9+9.3-7.2

15d

+4.1+10.8-6.7+9.3-5.2

+11.6+12.6-1.1+11.5+0.1

+11.2+12.0-0.8+8.5+2.7

+15.9+21.4-5.5+16.6-0.7

UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Asahi Songwon Colors Ltd has informed stock exchanges that Mr. Pratik Shah, Chief Financial Officer, has resigned with immediate effect from April 9, 2026, citing personal reasons. The company stated there are no other material reasons behind his exit. He held no shares in the company. The resignation will be placed before the Board at its next meeting for noting. No replacement has been announced yet.

Likely market impact

CFO exit at a listed company may raise short-term governance concerns; watch for a timely replacement announcement to reassure investors.