Asahi Songwon Colors Limited has announced the appointment of a new Independent Director to strengthen its board governance structure. The specialty chemicals and pigments manufacturer made this disclosure in compliance with regulatory requirements on March 31, 2026.

Board Appointment Details

The Board of Directors approved the appointment of Mr. Rupesh Chandrakant Shah (DIN: 00277687) as an Additional Director, designated as a Non-Executive Independent Director. The decision was made based on the recommendation of the Nomination and Remuneration Committee during the board meeting held on March 31, 2026.

Director's Professional Background

Mr. Shah brings extensive industrial experience spanning over five decades, having been actively engaged in business leadership since 1975. His expertise covers both ceramic and food processing industries, with demonstrated capabilities in:

• Large-scale manufacturing operations management
• Quality and process systems strengthening
• Export market expansion and international business development
• Strategic oversight and operational excellence

His technical knowledge and global exposure have enabled organizations under his leadership to establish strong international presence, particularly valuable for the company's pigments and chemical sector operations.

Industry Leadership Positions

The newly appointed director has held several distinguished positions in reputed industry bodies, showcasing his commitment to industrial development:

• President: Ahmedabad Pottery Manufacturing Association
• Chairman: Indian Ceramic Society (Gujarat Chapter)
• Former Secretary and President: Gujarat Chamber of Commerce & Industry
• Honorary Member: Advisory Committee of Central Glass & Ceramic Research Institute

Regulatory Compliance

The appointment fulfills all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shah has submitted the required declaration confirming he is not debarred from holding the office of Director pursuant to any SEBI Order or similar authority orders.

The board meeting commenced at 11:30 AM and concluded at 12:10 PM on March 31, 2026, with the company secretary Joseph Saji Varghese managing the compliance disclosures to both BSE and NSE.

Asahi songwon colors Limited has successfully completed its postal ballot process for a key board appointment, the company announced to stock exchanges on February 09, 2026. The chemical company informed both BSE and NSE that shareholders have approved the appointment of a new Independent Director through remote e-voting with the required majority.

Postal Ballot Outcome

The company's communication to exchanges, referenced as ASCL/SEC/2025-26/54, confirmed the successful completion of the postal ballot process that was initiated through a notice dated November 11, 2025. The voting process was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointment Details

The postal ballot specifically addressed the appointment of Mr. Maulik Deepak Mehta as an Independent Director of the company. The new director brings additional independent oversight to the board structure.

Regulatory Compliance

The company maintained proper regulatory compliance throughout the process, with timely communications to stock exchanges. Joseph Saji Varghese, Company Secretary & Compliance Officer, signed the disclosure on behalf of Asahi Songwon Colors Limited. The company indicated that detailed voting results of the postal ballot process are being filed separately with the exchanges.

This board strengthening initiative reflects the company's commitment to maintaining robust corporate governance standards through independent director appointments.