Meeting Details

The 36th Annual General Meeting (AGM) of Asahi Songwon Colors Limited is scheduled to be held on Wednesday, September 30, 2026, at 3:00 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Ordinary Business Agenda

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026, together with Reports of Board of Directors and Auditors.

2. To declare a final dividend on Equity Shares for the Financial Year ended March 31, 2026.

3. To appoint a Director in place of Mrs. Paru M. Jaykrishna (DIN: 00671721), who retires by rotation and offers herself for re-appointment.

4. To appoint a Director in place of Mr. Gokul M. Jaykrishna (DIN: 00671652), who retires by rotation and offers himself for re-appointment.

Special Business Agenda

5. Appointment of Mr. Sanjay Srivastava as Independent Director

  • Resolution: Special Resolution to appoint Mr. Sanjay Srivastava (DIN: 10901774) as Non-Executive Independent Director
  • Term: Five consecutive years from July 29, 2026, to July 28, 2031
  • Background: Retired Indian Police Service (IPS) officer with over three decades of experience in law enforcement and public administration
  • Qualifications: Bachelor's degree in Electrical Engineering
  • Previous position: Commissioner of Police, Ahmedabad City (retired 2023)
  • Board appointment: Initially appointed as Additional Director on July 29, 2026

6. Re-appointment of Mrs. Paru M. Jaykrishna as Chairperson and Managing Director

  • Resolution: Special Resolution for re-appointment
  • Term: Three years from August 1, 2026, to July 31, 2029
  • Current term: Expires July 31, 2026 (approved at 31st AGM on September 29, 2021)
  • Remuneration: ₹6,00,000 per month salary plus commission not exceeding 2% of net profits
  • Perquisites: Housing (60% of salary), medical reimbursement, LTC, insurance, club fees, entertainment expenses
  • Minimum remuneration payable even in case of loss or inadequate profits
  • Qualifications: M.A., LL.B., Bachelor's degrees in Philosophy and Sanskrit
  • Experience: Associated with company since inception (1990), former President of Gujarat Chamber of Commerce & Industry
  • Past remuneration: ₹72.82 lakh (Standalone)

7. Re-appointment of Mr. Gokul M. Jaykrishna as Managing Director

  • Resolution: Special Resolution for re-appointment
  • Term: Three years from August 1, 2026, to July 31, 2029
  • Current term: Expires July 31, 2026 (approved at 31st AGM on September 29, 2021)
  • Remuneration: ₹5,00,000 per month salary plus variable performance pay up to 100% of annual base pay
  • Perquisites: Similar structure as Mrs. Paru M. Jaykrishna
  • Minimum remuneration payable even in case of loss or inadequate profits
  • Qualifications: Business and Economics graduate from Lehigh University, USA
  • Experience: Over three decades in chemical and pigment industry, associated with company since 1996
  • Past remuneration: ₹48.84 lakh (Standalone)
  • Stepped down as CEO effective May 26, 2026

8. Re-appointment of Mr. Mitesh N. Patel as Executive Director

  • Resolution: Special Resolution for re-appointment
  • Term: Three years from October 25, 2026, to October 24, 2029
  • Current term: Expires October 24, 2026 (approved through Postal Ballot on January 10, 2024)
  • Remuneration: ₹4,00,000 per month salary plus variable performance pay up to 100% of annual base pay
  • Minimum remuneration payable even in case of loss or inadequate profits
  • Qualifications: B.Sc. & MBA
  • Experience: Over 20 years in chemical industry, associated with company since 2006
  • Previous position: Senior Vice President – Techno Commercial and Strategy Planning & Execution
  • Past remuneration: ₹43.37 lakh (Standalone)

Financial Performance Context (for Director Appointments)

  • FY2025-2026: Total Revenue ₹35,463.39 lakh, Profit After Tax ₹3,121.71 lakh, EPS ₹19.05, Dividend 15%
  • FY2024-2025: Total Revenue ₹39,815.27 lakh, Profit After Tax ₹2,548.87 lakh, EPS ₹21.62, Dividend 15%
  • FY2023-2024: Total Revenue ₹28,182.09 lakh, Profit After Tax ₹2,632.79 lakh, EPS ₹22.34, Dividend 5%

Voting Arrangements

  • Remote e-voting facility provided through National Securities Depository Limited (NSDL)
  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • E-voting during AGM also available for members who haven't voted remotely
  • Scrutinizer: M/s. S. Sharda & Associates, Chartered Accountants, Ahmedabad

Dividend Information

  • Record date for dividend: Wednesday, September 23, 2026
  • Dividend payment: Only through electronic mode as mandated by SEBI
  • TDS requirements: Members must update PAN, residential status, and tax category by September 29, 2026
  • Unclaimed dividend for FY2018-2019 due for transfer to IEPF in November 2026

Auditor Information

  • Statutory Auditors: M/s. Talati & Talati LLP, Chartered Accountants (Firm Registration No. 110758W/W100377)
  • Appointment term: From 32nd AGM until conclusion of 37th AGM in 2027
  • No ratification requirement as per Companies (Amendment) Act, 2017

Shareholder Services Information

  • Physical copy of documents available on request to cs@asahisongwon.com
  • Members holding physical shares must convert to demat mode as per SEBI mandate
  • Nomination facility available for physical shareholders using Form SH-13