Asahi Songwon Colors Ltd

AGM Details

• 36th AGM held on 30 September 2026 at 3:00 PM via VC/OAVM.
• Quorum was present.

Dividend

• Final dividend on equity shares proposed; per-share amount not disclosed.

Key Resolutions

• Adopt standalone and consolidated financial statements (Ordinary).
• Re-appoint Paru M. Jaykrishna retiring by rotation (Ordinary).
• Re-appoint Gokul M. Jaykrishna retiring by rotation (Ordinary).
• Appoint Sanjay Srivastava as Independent Director (Special).
• Re-appoint Paru M. Jaykrishna as Chairperson and MD (Special).
• Re-appoint Mitesh N. Patel as Executive Director (Special).

Asahi Songwon Colors Ltd trading window closure for Designated Persons remains in effect

EGM resolutions

• Resolution 1: Special appointment of Arjun Gokul Jaykrishna as CEO and Executive Director.
• Promoter group interested in Resolution 1: Yes.
• Resolution 1 passed: 7,967,054 in favour, 50 against.
• Resolution 2: Special approval for loan, guarantee or security under Section 185.
• Promoter group interested in Resolution 2: Yes.
• Resolution 2 passed: 7,967,008 in favour, 96 against.
• Governance impact: CEO appointment; no promoter holding changes disclosed.
• No material changes to shareholding or control disclosed.

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.