Asahi Songwon Colors Limited has announced the resignation of Mr. Sudhin Bhagwandas Choksey from his position as Non-Executive Independent Director, effective from close of business hours on April 04, 2026. The company informed stock exchanges about this board change in compliance with regulatory requirements.

Resignation Details

Mr. Choksey submitted his resignation through a letter dated April 04, 2026, which was received by the company via email on April 05, 2026 at 7.46 am (IST). The director cited current time constraints as the primary reason for stepping down from his position on the board.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both major stock exchanges where the company's shares are listed.

Company Secretary & Compliance Officer Joseph Saji Varghese signed the regulatory filing, ensuring proper documentation of the board change. The disclosure follows the requirements outlined in SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding changes in Directors and Key Managerial Personnel.

Additional Disclosures

Asahi Songwon Colors Limited has indicated that additional disclosure requirements under clause 7B of Para A of Part A of Schedule III of SEBI LODR will be communicated separately, along with the resignation letter. This ensures complete transparency regarding the director's departure from the board.

The company continues to maintain its corporate governance standards while managing this transition in its board composition. The resignation represents a routine corporate governance matter handled in accordance with established regulatory frameworks.

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.