Asahi Songwon Colors has scheduled its 36th Annual General Meeting for September 30, 2026. The record date for the final dividend of ₹1.50 per share is set for September 23, 2026.

The Board of Directors recommended the dividend during its meeting on May 26, 2026. Shareholders must approve the payout at the AGM, which will be conducted via video conferencing or other audio-visual means. The company notified stock exchanges on September 5, 2026, regarding the communication letters sent to members whose email addresses are not registered.

Director Appointments

The primary agenda includes the adoption of standalone and consolidated financial statements for FY26. Shareholders will vote on the final dividend declaration for the fiscal year ended March 31, 2026.

The Board proposes the appointment of Mr. Sanjay Srivastava as an independent director for five years. He joins from a background in public administration and law enforcement.

Mrs. Paru M. Jaykrishna seeks reappointment as Chairperson and Managing Director for three years starting August 1, 2026. Mr. Gokul M. Jaykrishna is also up for reappointment as Managing Director for a similar tenure.

Mr. Mitesh N. Patel will be reappointed as Executive Director for three years commencing October 25, 2026. The resolutions require special approval by members.

Financial Performance

The company reported standalone total revenue of ₹35,463.39 lakh for FY26. Profit after tax stood at ₹3,121.71 lakh. Earnings per share were recorded at ₹19.05.

In FY25, revenue was ₹39,815.27 lakh with a profit after tax of ₹2,548.87 lakh. EPS for that period was ₹21.62. The dividend recommended for both years is 15%.

What the Numbers Show

Revenue declined approximately 11% in FY26 compared to FY25. However, net profit increased by roughly 22% over the same period. This divergence suggests improved cost management or margin expansion despite lower top-line growth.

Voting Details

Remote e-voting opens on September 27, 2026, at 9 am and closes on September 29, 2026, at 5 pm. National Securities Depository Limited facilitates the e-voting process. Shareholders holding shares in physical form must update KYC details including PAN and bank account information to receive dividends electronically.

Asahi Songwon Colors Limited secured near-unanimous shareholder approval for the appointment of Mr. Arjun Gokul Jaykrishna as Chief Executive Officer and Executive Director during its Extra Ordinary General Meeting (EGM) on August 25, 2026.

The company disclosed the final voting results on August 26, 2026, confirming that both special resolutions on the agenda were passed with overwhelming support from promoters and public shareholders.

Voting Outcome

The EGM, conducted via video conferencing and other audio-visual means, saw a total of 7,967,104 votes polled out of 11,787,262 shares held as on the record date of August 18, 2026. This represents a participation rate of 67.59%.

Resolution 1: CEO Appointment

The special resolution to appoint Mr. Arjun Gokul Jaykrishna (DIN: 08548676) as CEO and Executive Director was approved with 99.9994% of votes in favour.

Resolution 2: Loan and Guarantee Approval

The second special resolution, seeking approval for loans, guarantees, or security under Section 185 of the Companies Act, 2013, also passed with 99.9988% support.

Meeting Details

The meeting commenced at 11:30 am with a quorum present. Mrs. Paru M. Jaykrishna, Chairperson and Managing Director, delivered the opening address. Mr. Arjun G. Jaykrishna responded to shareholder queries during the session.

S. Sharda & Associates, represented by CA Naveen Kumar Mandovara (FCA 117422), served as the scrutinizer for the e-voting process. The scrutinizer’s report confirmed that all votes were cast via remote e-voting between August 22 and August 24, 2026, with no invalid votes recorded for either resolution.

The promoter group, holding 7,906,960 shares, voted in full favour of both resolutions. Among public non-institutional shareholders, who held 3,823,593 shares, only 21,999 votes were polled, reflecting lower retail participation compared to institutional and promoter blocs.