StockWatch
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Dyes And Pigments
Board Meeting26 May 2026, 01:52 pm

Asahi Songwon Approves FY26 Audited Results, ₹1.50 Dividend

AI Summary

Asahi Songwon Colors Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They recommended a final dividend of ₹1.50 per equity share (15%) for FY26, 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 board noted the resignations of Mr. Sudhin Choksey and Mr. Pratik Shah and reconstituted various board committees.

Key Highlights

  • Approved audited financial results for the quarter and year ended March 31, 2026.
  • Recommended a final dividend of ₹1.50 per share for FY26, subject to AGM approval.
  • Re-appointed Mrs. Paru Mrugesh Jaykrishna and Mr. Gokul Mrugesh Jaykrishna as Managing Directors.
  • Mr. Arjun Gokul Jaykrishna appointed as CEO effective May 27, 2026.
  • Reconstituted the Audit, Nomination & Remuneration, and Risk Management Committees.