Asahi Songwon Colors Ltd

Resolutions

• Resolution 1 (Special): Appointment of Arjun Gokul Jaykrishna as CEO and Executive Director.
• Key terms: CEO and Executive Director appointment; remuneration terms not disclosed.
• Promoter/Director interest: not disclosed in filing.
• Resolution 2 (Special): Approval of loan, guarantee or security under Section 185 of the Companies Act, 2013.
• Key terms: approval of loans/guarantees/security; amounts not disclosed.
• Voting outcome: results to be disclosed separately; not provided in the filing.
• Governance impact: CEO appointment constitutes a management change.

Acquisition details

• Target company: Asahi Songwon Colors Limited.
• Acquirer: Arjun Gokul Jaykrishna and PACs; promoter group.
• Transaction type: Acquisition of 10,000 equity shares via open market.
• Pre-transaction holding: 78,96,960 shares (67.00%).
• Post-transaction holding: 79,06,960 shares (67.08%).
• Date of transaction: August 11, 2026.
• Mode: Open Market.
• Equity capital before/after: 1,17,87,262 shares, Rs. 11,78,72,620.
• Total diluted share capital after: 1,17,87,262 shares.

Financial highlights

• Total revenue ₹189.70 Cr, up 28.57% QoQ and 25.35% YoY.
• EBITDA ₹32.60 Cr, up 41.62% QoQ and 171.56% YoY.
• EBITDA margin 17.18% in Q1FY27, up from 15.60% (Q4FY26) and 7.93% (Q1FY26).
• Net profit ₹19.03 Cr, up 75.80% QoQ and 633.26% YoY.

Segment performance

• Phthalocyanine ₹138.14 Cr, AZO ₹17.02 Cr, API ₹34.54 Cr.

Outlook and capital plans

• No fresh capex planned; deleveraging remains a priority with strong cash flows.
• Management expects API growth to continue; Azo volumes to recover after input costs stabilise.

Management commentary

• Azo costs caused timing-related deferments; volumes expected to return to prior levels.
• Blue pigment margins are above sustainable levels, but profitability is expected to remain healthy.

EGM schedule and voting

• EGM on August 25, 2026 at 11:30 IST via VC/OAVM.
• Remote e-voting from August 22 to 24, 2026 (9:00 IST to 5:00 IST).
• Voting eligibility cut-off: August 18, 2026.
• Members can vote remotely or at the meeting.
• NSDL provides remote e-voting.
• Resolutions not disclosed in this excerpt.

Standalone results

• Revenue from operations: Rs 13,592.84 lakh; Total income: Rs 13,814.05 lakh.
• PBT: Rs 2,270.33 lakh; PAT: Rs 1,693.36 lakh; EPS: Rs 14.37.
• Tax: Current Rs 618.00 lakh; Deferred Rs (41.03) lakh; Total tax Rs 576.97 lakh.
• Board-approved standalone results on 29-Jul-2026 after Audit Committee review.

Consolidated results

• Total consolidated revenue: Rs 18,969.96 lakh; PAT: Rs 1,902.67 lakh; EPS: Rs 16.32.
• Consolidated PBT: Rs 2,535.05 lakh; Tax Rs 632.38 lakh; Total comprehensive income to owners Rs 2,023.88.
• Consolidated segment revenue: Pigments Rs 15,515.96 lakh; API Rs 3,454.00 lakh; Total Rs 18,969.96 lakh.
• Segment PBT: Pigments Rs 2,308.22 lakh; API Rs 485.21 lakh; Total Rs 2,793.43 lakh; Finance costs Rs 258.38 lakh.

Segment highlights

• Pigments revenue: Rs 15,515.96 lakh; API revenue: Rs 3,454.00 lakh.
• Pigments PBT: Rs 2,308.22 lakh; API PBT: Rs 485.21 lakh.

Growth & margins

• Standalone QoQ revenue up ~49.8%; YoY up ~28.1%.
• Consolidated QoQ revenue up ~28.6%; YoY up ~25.4%.
• Standalone PAT margin about 12.3%; PBT margin about 16.4%.
• Consolidated PAT margin about 10.0%; PBT margin about 13.4%.

Corporate actions

• Mr. Sanjay Srivastava appointed Non-Executive Independent Director; effective 29-Jul-2026 for five years.

Audit & approvals

• Standalone results reviewed by Audit Committee; Limited Review with no qualification.
• Consolidated results reviewed; Limited Review with no qualification.

Dematerialisation/rematerialisation status

• Dematerialisation requests were processed and confirmed to the depositories; securities listed on exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Appointments and KMP materiality disclosures

• Maulik P. Shah appointed CFO and Key Managerial Personnel, effective 7 July 2026.
• Maulik P. Shah profile: Chartered Accountant with 20+ years in finance and M&A.
• Gokul M. Jayakrishna designated Managing Director for materiality disclosures, effective 7 July 2026.
• Joseph Saji Varghese designated Company Secretary & Compliance Officer for materiality disclosures, effective 7 July 2026.

Independent Director appointment via Postal Ballot

• Purpose: Special resolution to appoint Rupesh Chandrakant Shah as Independent Director.
• Outcome: Approved; 7,949,521 in favour, 664 against; 99.9916% in favour.
• Voting window and scrutiny: Postal ballot 30 May–28 Jun 2026; Scrutinizer report 29 Jun 2026.
• Record date: 22-05-2026; outstanding shares: 11,787,262; shareholders: 9,744.
• Director details: Independent Director; term and experience data not disclosed.