Asahi Songwon Colors Limited has announced a board meeting scheduled for January 29, 2026, to review and approve its quarterly financial performance. The company has formally notified both major stock exchanges about this important corporate development.

Board Meeting Details

The Board of Directors meeting is set to take place on Thursday, January 29, 2026, with a comprehensive agenda focused on financial results review. The meeting will address the consideration, approval, and recording of unaudited financial statements for a significant reporting period.

Regulatory Compliance and Trading Window

In adherence to regulatory requirements, Asahi Songwon Colors Limited has implemented necessary compliance measures. The company has closed the trading window for designated persons and their immediate relatives effective January 1, 2026, in accordance with SEBI's Prohibition of Insider Trading Regulations, 2015.

The trading window closure aligns with the company's internal Code of Conduct to Regulate, Monitor and Report Trading in Securities. This window will remain closed until 48 hours after the financial results are officially submitted to the stock exchanges, ensuring complete regulatory compliance.

Stock Exchange Notification

The company has formally communicated this board meeting schedule to both major Indian stock exchanges through official channels. The notification was sent to BSE Limited and National Stock Exchange of India Limited, maintaining transparency with all stakeholders.

Corporate Information

Asahi Songwon Colors Limited, with CIN L24222GJ1990PLC014789, operates from its registered office at Asahi House, 20, Times Corporate Park, Thaltej – Shilaj Road, Thaltej, Ahmedabad – 380059, Gujarat. The company maintains ISO 14001:2015 certification, reflecting its commitment to environmental management standards.

The notification was signed by Joseph Saji Varghese, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with corporate governance requirements. This scheduled board meeting represents a routine but important milestone in the company's quarterly reporting cycle.

Asahi Songwon Colors Limited , a leading manufacturer of pigments, colorants, and APIs, has reported a decline in its financial performance for the second quarter and first half of fiscal year 2026, citing challenging market conditions and subdued demand in key markets.

Q2 FY26 Performance

For the quarter ended September 30, 2025, Asahi Songwon reported:

• Consolidated revenue of ₹120.90 crore, down 19.34% quarter-on-quarter and 14.62% year-on-year
• EBITDA of ₹11.14 crore, with margins at 9.09%
• Net profit of ₹2.10 crore, a 36.49% decrease year-on-year

H1 FY26 Results

For the half-year period:

• Consolidated revenue stood at ₹270.78 crore, a slight decline of 1.85% year-on-year
• EBITDA was ₹23.15 crore
• Net profit reached ₹4.69 crore

Segment-wise Performance

The company operates across three segments:

Challenges in Key Markets

Gokul Jaykrishna, Joint Managing Director and CEO, highlighted the challenges faced by the API business, noting a sharp correction in realizations by nearly 40%. However, he expressed optimism about gradual improvement in the coming quarters.

Arjun G. Jaykrishna, Executive Director, pointed out two key factors affecting the blue business:

1. Declined shipments to the United States following tariff uncertainties
2. Persistent slowdown in Europe

These factors have led to subdued demand and lower capacity utilization in the blue segment.

Positive Developments

Despite the overall decline, the company reported some positive developments:

• Strong cash flow generation from new business verticals (API and Azo pigments)
• Operating cash flows more than doubled to ₹36.46 crore during September 2025
• Over ₹19 crore contributed by API and Azo segments to cash flows
• Accelerated debt repayment and strengthened balance sheet
• Encouraging progress in the Azo business with improving capacity utilization

Future Outlook

The management expects:

• Gradual improvement in API business realization
• The Azo business to achieve PAT-positive performance from the next quarter
• Improvement in blue segment revenues and profitability from the last quarter of the current financial year

Asahi Songwon Colors has strengthened its team in the Azo segment and ramped up R&D initiatives for new product development. Ongoing process improvements and efficiency measures are expected to enhance performance and drive sustainable profitability in this segment.

The company continues to focus on diversifying its product portfolio and expanding its global footprint, with exports contributing 64% of revenue in H1FY26. Asahi Songwon Colors serves over 101 customers across 19 countries, leveraging its four manufacturing facilities in Gujarat, India.