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.

Asahi Songwon Colors Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a decline in both revenue and profitability compared to the corresponding periods of the previous year. The Board of Directors approved these results in their meeting held on January 29, 2026.

Standalone Financial Performance

The company's standalone operations reflected challenging market conditions during the quarter. Revenue from operations declined significantly, while profitability was impacted across key metrics.

For the nine-month period ended December 31, 2025, the company reported revenue from operations of ₹25,339.79 lakhs compared to ₹28,298.42 lakhs in the previous year, representing a decline of 10.46%. Net profit for the nine-month period stood at ₹1,268.64 lakhs versus ₹1,625.90 lakhs, showing a decrease of 21.97%.

Consolidated Results

The consolidated financial results, which include subsidiaries and associates, also demonstrated similar trends with revenue and profit pressures.

Segment Performance

The company operates primarily in two segments: Pigments and API (Active Pharmaceutical Ingredients). The segment-wise revenue breakdown for Q3FY26 showed:

• Pigments segment: ₹9,312.71 lakhs (Q3FY26) vs ₹11,170.34 lakhs (Q3FY25)
• API segment: ₹2,762.19 lakhs (Q3FY26) vs ₹2,365.62 lakhs (Q3FY25)

While the API segment showed growth, the pigments segment experienced a significant decline, impacting overall performance.

Regulatory Developments

The company highlighted the implementation of new labour codes effective from November 21, 2025. The Government of India has consolidated 29 existing labour legislations into four unified codes. Asahi Songwon Colors has initiated an assessment of the implications arising from these codes, with evaluation currently in progress. The company does not anticipate any significant impact at this stage, but a detailed assessment is underway.

Financial Position

The company maintained its paid-up equity share capital at ₹1,178.73 lakhs with a face value of ₹10 per share. Other comprehensive income for Q3FY26 was positive at ₹85.77 lakhs compared to ₹0.89 lakhs in the corresponding quarter of the previous year, resulting in total comprehensive income of ₹439.11 lakhs versus ₹456.38 lakhs.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Statutory auditors Talati & Talati LLP conducted a limited review of the results as per Regulation 33 of SEBI Listing Regulations, with no qualifications or modifications in their review report.