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Asahi Songwon Shareholders Approve Maulik Mehta as Independent Director with 99.97% Votes
Asahi Songwon Colors Limited has successfully passed a special resolution via postal ballot for the appointment of Mr. Maulik Deepak Mehta as an Independent Director. The resolution received overwhelming support, with 99.97% of the total valid votes cast in favor. Out of 7,909,735 total valid votes, 7,907,544 were in favor, while only 2,191 were against. The promoter group showed unanimous support, casting 100% of their 7.89 million votes in favor of the appointment.
Key Highlights
Special resolution passed for the appointment of Mr. Maulik Deepak Mehta as an Independent Director.
Total valid votes cast were 7,909,735, with 99.97% in favor and only 0.03% against.
Promoter and Promoter Group showed 100% support with 7,896,960 votes in favor.
Public Non-Institutional shareholders supported the resolution with 82.85% of their votes cast in favor.
The voting process was conducted via remote e-voting from January 10 to February 8, 2026.
💼 Action for Investors
This is a positive governance update reflecting strong shareholder and promoter alignment. Investors should view this as a routine strengthening of the board and continue to monitor the company's operational performance.
Asahi Songwon Q3FY26: Net Profit at ₹2.26 Cr; Revenue Declines 10.8% YoY to ₹120.75 Cr
Asahi Songwon reported a weak Q3FY26 with consolidated revenue falling 10.79% YoY to ₹120.75 Cr and EBITDA margins contracting to 8.58% from 9.98% YoY. While Net Profit saw a marginal 7.96% QoQ recovery to ₹2.26 Cr, the 9-month performance remains significantly down with a 30.32% YoY drop in PAT. The Phthalocyanine (Blue) segment faced headwinds from US tariffs and European slowdown, while the API segment struggled with price corrections despite volume growth. Management is optimistic about the AZO segment turning profit-positive and expects key European regulatory approvals for the API business in the next fiscal year.
Key Highlights
Consolidated Total Revenue for Q3FY26 fell 10.79% YoY to ₹120.75 Cr.
EBITDA margins compressed to 8.58% from 9.98% in the same quarter last year.
9MFY26 Net Profit witnessed a sharp 30.32% YoY decline to ₹6.96 Cr.
Phthalocyanine remains the largest segment contributing ₹75.55 Cr to Q3 revenue.
API segment revenue stood at ₹27.62 Cr for the quarter, facing pricing pressure despite volume scale-up.
💼 Action for Investors
Investors should monitor the recovery in the core Blue segment and the timeline for European API approvals, which are critical for margin expansion. The stock may face short-term pressure due to the overall decline in profitability and revenue across the nine-month period.
Asahi Songwon Q3 FY26 Standalone Net Profit Drops 22.4% YoY to ₹3.53 Crore
Asahi Songwon Colors reported a weak set of standalone results for Q3 FY26, with revenue from operations declining 20.7% YoY to ₹74.31 crore. Net profit for the quarter fell to ₹3.53 crore from ₹4.55 crore in the corresponding quarter of the previous year. The nine-month performance also reflects a downward trend, with standalone net profit dropping 22% YoY to ₹12.69 crore. Despite a marginal 1.8% sequential revenue growth, overall profitability remains under pressure compared to the previous fiscal year.
Key Highlights
Standalone revenue for Q3 FY26 fell 20.7% YoY to ₹7,431.02 lakhs from ₹9,369.37 lakhs.
Standalone net profit decreased 22.4% YoY to ₹353.35 lakhs compared to ₹455.49 lakhs in Q3 FY25.
Nine-month standalone revenue dropped to ₹25,339.79 lakhs from ₹28,298.42 lakhs in the prior year period.
Finance costs for the quarter were reduced significantly to ₹124.72 lakhs from ₹208.17 lakhs YoY.
Basic and Diluted EPS for the quarter declined to ₹3.00 from ₹3.86 in the year-ago period.
💼 Action for Investors
The significant YoY decline in both revenue and profit suggests a challenging environment for the company's core pigment business. Investors should exercise caution and monitor management's outlook on demand recovery and margin stabilization in upcoming quarters.
Asahi Songwon Q3 FY26 Consolidated Net Profit Declines 23% YoY to ₹1.82 Crore
Asahi Songwon Colors reported a weak performance for the quarter ended December 31, 2025, with consolidated revenue from operations declining 5.4% YoY to ₹106.53 crore. Consolidated net profit fell significantly by 22.9% YoY to ₹1.82 crore, down from ₹2.36 crore in the previous year's corresponding quarter. Standalone revenue saw a sharper decline of 20.7% YoY, indicating significant pressure in the core pigment business. The company is also currently assessing the financial implications of the new labour codes implemented in November 2025.
Key Highlights
Consolidated Revenue from Operations fell 5.4% YoY to ₹10,653.03 lakhs in Q3 FY26.
Consolidated Net Profit for the quarter dropped to ₹181.82 lakhs compared to ₹235.91 lakhs in Q3 FY25.
Standalone revenue witnessed a sharp 20.7% YoY decline, falling to ₹7,431.02 lakhs.
Standalone Finance costs decreased to ₹124.72 lakhs from ₹208.17 lakhs YoY, providing some margin relief.
Nine-month consolidated net profit stands at ₹612.98 lakhs, down from ₹742.86 lakhs in the previous year.
💼 Action for Investors
Investors should exercise caution as the company faces both top-line and bottom-line contraction. It is advisable to monitor the recovery in the pigment segment and the final assessment of the new labour code impacts before making new positions.