StockWatch
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Dyes And Pigments
Dividend26 May 2026, 01:58 pm

Asahi Songwon Approves ₹1.50 Dividend; Reappoints Directors

AI Summary

Asahi Songwon Colors Ltd's board approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. They recommended a final dividend of ₹1.50 per equity share (15.00%) for FY 2025-26, subject to shareholder approval. The board also approved the re-appointment of Mrs. Paru Mrugesh Jaykrishna and Mr. Gokul Mrugesh Jaykrishna as Managing Directors, the resignation of Mr. Gokul Mrugesh Jaykrishna as CEO, and the appointment of Mr. Arjun Gokul Jaykrishna as CEO. Additionally, the resignations of Mr. Sudhin Choksey as Non-Executive Independent Director and Mr. Pratik Shah as CFO were noted.

Key Highlights

  • Final dividend of ₹1.50 per share (15%) recommended for FY 2025-26.
  • Paru Mrugesh Jaykrishna re-appointed as Chairperson and Managing Director.
  • Gokul Mrugesh Jaykrishna re-appointed as Managing Director.
  • Arjun Gokul Jaykrishna appointed as CEO effective May 27, 2026.
  • Board approved audited financial results for FY 2025-26.