Asahi Songwon Colors Ltd shareholders approved the adoption of standalone and consolidated audited financial statements for FY26 during the company's 36th Annual General Meeting (AGM) held on September 30, 2026. The meeting also sanctioned a final dividend on equity shares for the fiscal year ended March 31, 2026.

The AGM was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) at 3:00 pm, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Paru M. Jaykrishna, Chairperson and Managing Director, presided over the proceedings, which concluded at 3:47 pm.

Key resolutions passed

Shareholders transacted several items of business via remote e-voting and e-voting as required under the Companies Act, 2013. The approved resolutions included:

• Adoption of Standalone and Consolidated Audited Financial Statements for FY26.
• Declaration of Final Dividend on Equity Shares for FY26.
• Re-appointment of Mrs. Paru M. Jaykrishna as Chairperson and Managing Director.
• Re-appointment of Mr. Gokul M. Jaykrishna as Managing Director.
• Re-appointment of Mr. Mitesh N. Patel as Executive Director.
• Appointment of Mr. Sanjay Srivastava as Independent Director.

Board composition updates

The meeting saw the re-appointment of directors retiring by rotation who offered themselves for re-election. Mrs. Paru M. Jaykrishna (DIN: 00671721) and Mr. Gokul M. Jaykrishna (DIN: 00671652) were re-appointed to their respective leadership roles. Additionally, Mr. Sanjay Srivastava (DIN: 10901774) was appointed as an Independent Director via a special resolution.

Other members present included Mr. Arjun G. Jaykrishna (CEO & Executive Director), Mr. Samveg Lalbhai (Non-Independent Director), Mr. Rupesh Shah (Independent Director), Mr. Anil Jain (Independent Director and Chairman of the Audit Committee), and Mrs. Shivani R. Lakhia (Independent Director and Chairperson of the Nomination and Remuneration Committee).

Governance and compliance

The Company Secretary and Compliance Officer, Joseph Saji Varghese, confirmed the digital signing of the outcome report. The detailed results of the voting on each resolution will be disclosed separately to the stock exchanges in accordance with Regulation 44 of the SEBI Listing Regulations.

Detailed voting results

The scrutinizer’s report, submitted by Naveen Kumar Mandovara of S. Sharda & Associates, confirmed that all eight resolutions were passed with overwhelming majority support. The total number of shares polled across all categories stood at 7,966,458, representing 67.59% of the outstanding shares.

The voting pattern remained consistent across most agenda items, with promoters casting all their votes in favor. Public institutions also voted unanimously in favor, while a small fraction of public non-institutional shareholders voted against specific financial and dividend-related resolutions.

Note: Voting data reflects combined remote e-voting and e-voting at the AGM.

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.