Asahi Songwon Colors Appoints New CFO and Authorizes KMPs for Disclosures
Asahi Songwon Colors Limited announced the appointment of Mr. Maulik P. Shah as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 07, 2026. The Board of Directors also authorized Mr. Shah, along with the Managing Director and Company Secretary, to determine the materiality of events and make disclosures to stock exchanges. Mr. Shah is a Chartered Accountant with over 20 years of experience in finance and commercial functions, previously serving as General Manager - Accounts with AIA Engineering Limited and Johnson Controls-Hitachi Air Conditioning India Limited. The board meeting, which commenced at 11:30 AM and concluded at 12:10 PM, also approved these changes based on committee recommendations.
Key Highlights
- Maulik P. Shah appointed as CFO and KMP from July 07, 2026.
- KMPs authorized for material event disclosures to stock exchanges.
- Shah brings over 20 years of financial and commercial experience.
- Appointment approved based on Nomination and Remuneration Committee recommendations.
Price Impact
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