Asahi Songwon Q1 Revenue Jumps 31% YoY

The Board of Directors meeting was held on July 29, 2026, from 11:30 AM to 1:30 PM. The following items were approved:

Approved the unaudited financial results for the quarter ended June 30, 2026.
The statutory auditors, Talati & Talati LLP, conducted a limited review of both standalone and consolidated results.
Their Limited Review Report contained no qualifications or modifications.

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Sanjay Srivastava (DIN: 10901774) as an Additional Director (Non-Executive Independent Director).
The appointment is effective from July 29, 2026, for a term of five consecutive years, subject to shareholder approval.
Mr. Srivastava, aged 63, is a distinguished Indian Police Service (IPS) officer with over 39 years of experience in public administration, security, and governance. He currently serves as an Independent Director on the board of Solitaire Limited and brings expertise in risk management and corporate governance.

(All figures in ₹ lakhs)

| Total Income | 18,969.96 | 14,754.46 | 15,133.64 |

| Revenue from Operations | 18,890.51 | 14,405.09 | 14,987.78 |

| Other Income | 79.45 | 349.38 | 145.85 |

| Total Expenses | 16,434.91 | 13,247.41 | 14,710.93 |

| Cost of Materials Consumed | 10,214.68 | 10,508.55 | 9,882.42 |

| Employee Benefits Expense | 675.01 | 725.67 | 666.35 |

| Finance Costs | 258.38 | 329.78 | 313.94 |

| Depreciation & Amortization | 466.38 | 465.04 | 463.73 |

| Other Expenses | 2,121.70 | 1,524.31 | 1,802.94 |

| Profit Before Tax | 2,535.05 | 1,507.05 | 422.71 |

| Tax Expense | 632.38 | 424.75 | 163.23 |

| Current Tax | 618.00 | 394.81 | 221.53 |

| Deferred Tax | 14.38 | 29.94 | (58.30) |

| Profit for the Period | 1,902.67 | 1,082.31 | 259.48 |

| EPS (₹) | 16.32 | 9.22 | 2.68 |

| Segment | Revenue (₹ lakhs) | Segment Results (₹ lakhs) |

| Pigments | 15,515.96 | 2,308.22 |

| API | 3,454.00 | 485.21 |

| Total | 18,969.96 | 2,793.43 |

Total Other Comprehensive Income/(Loss) for the period: ₹100.68 lakhs (Net of Tax)
Total Comprehensive Income for the period attributable to owners: ₹2,023.88 lakhs

Paid-up Equity Share Capital (Face Value ₹10/- each): ₹1,178.73 lakhs (unchanged)

1. The financial results were reviewed by the Audit Committee and approved by the Board on July 29, 2026.

2. Results are prepared in accordance with Indian Accounting Standards (Ind AS).

3. The consolidated results include the following entities:

4. The figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and published year-to-date figures.

5. Previous period figures have been regrouped/rearranged for comparability.

Talati & Talati LLP, Chartered Accountants (FRN: 110758W/W100377), issued unqualified limited review reports for both standalone and consolidated results.
The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
For the consolidated results, the auditor relied on the review reports of other auditors for three subsidiaries (constituting Total Assets of ₹30,473.80 Lakhs and Revenue of ₹5,806.38 Lakhs) and one associate.

The disclosure includes additional information as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated July 13, 2023, regarding changes in directors and KMPs.