Asahi Songwon Colors Limited has informed the Exchange of the Annual Report 2025-2026.

Asah1*S ongwon Ref: ASCL/SEC/2026-27/ 46 September 05, 2026 1. To, 2. To, The General Manager The General Manager (Listing) Department of Corporate Services National Stock Exchange of India Ltd BSE Limited 5th Floor, Exchange Plaza 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Building, P. J. Tower Bandra - Kurla Complex Dalal Street, Fort Bandra (East) Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 532853 NSE Trading Symbol: ASAHISONG SUB: ANNUAL REPORT REF: REGULATION 34 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 Dear Sir/Madam, Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith Annual Report for the Financial Year 2025-2026, which being sent to all the members through electronic mode, who have registered their e-mail addresses with the Depositories/ Company/ Registrar and Transfer Agent. The Annual Report with Annual General Meeting Notice is also available on the website of the Company at www.asahisongwon.com. We request you to take the same on your records. Thanking you, Yours faithfully, For Asahi Songwon Colors Limited Joseph Saji Varghese Company Secretary and Compliance Officer Encl: As above Asahi Songwon Colors Ltd. CIN: L24222GJ1990PLC014789 Regd. Office: "Asahi House", 20, Times Corporate Park, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059, Gujarat, India. IS014001:2015 OMS 004 Registered A MEMBER Tele: 91-79 48239999, 29617815 •Fax: 91-79 6832 5099 • Web Site: www.asahisongwon.com IMS-OE/JAS·COOOl/0403 OF IAF KLA Statutory Reports Financial Statements Corporate Overview Asahi Songwon Colors Limited Annual Report 2025-26 Calibrated for growth Asahi Songwon Colors Limited Annual Report 2025-26 Calibrated for About This CONTENTS growth Report Corporate 02/39 Overview 02 Highlights of the Year 04 Message from the Chairman Reporting period expect, intend, plan and believe, 06 Message from the Managing or by similar expressions. Forward- and boundary Director and CEO looking statements are based on FY26 tested the Company with soft global demand and volatile input costs. This report covers the financial year assumptions and on information 08 Company Overview: The Company answered with discipline, protecting its operating margin, strengthening from 1 April 2025 to 31 March 2026. It available to the management as of A Vision Beyond Pigments its balance sheet and bringing each of its businesses closer to its potential. presents the performance, strategy and the date of this report. 10 Our Operating Principles governance of Asahi Songwon Colors These statements are subject to 12 Our Journey: Limited and its subsidiaries across risks, uncertainties and events that Three Decades, Three Engines After a multi-year investment cycle, Asahi break-even. The heavy spending is now cash towards a lighter balance sheet. The the phthalocyanine pigments, Azo could cause actual results to differ Songwon Colors Limited operates four behind the Company, and borrowings have year also brought a planned change in pigments and active pharmaceutical 14 Leadership and Governance materially from those expressed or manufacturing units across three verticals, continued to fall from their peak. leadership, with a new Chief Executive ingredients businesses. implied. Should known or unknown 16 Phthalocyanine Pigments phthalocyanine pigments, Azo pigments Officer taking charge of day-to-day and active pharmaceutical ingredients. The Calibration is the practice of setting each management while the Managing Director Basis of preparation risks or uncertainties materialise, 18 Azo Pigments or should underlying assumptions pigments business remains the foundation, part of a system to its correct level. It continues to guide strategy and growth. 20 Active Pharmaceutical Ingredients prove inaccurate, actual outcomes dependable in its cash generation and captures the work of FY26 and of the year Unless stated otherwise, financial its standing in the market. The Azo and ahead. The Company is raising utilisation at The pieces are assembled and the settings figures are presented on a consolidated may vary from those anticipated, 22 Infrastructure and Capacity pharmaceutical businesses, built more its newer plants, holding realisations and are being tuned. As demand recovers and basis and expressed in ₹ crore. Where estimated or projected. The 24 A Global Customer Base recently, crossed an important threshold efficiency in the blue pigments business, the newer businesses scale, the Company is Company undertakes no obligation a figure relates to a single business or during the year, each turning profitable converting backward integration into a calibrated for the growth it has spent these to update or revise any forward- 26 Competitive Advantages: at the operating level and reaching cash durable cost advantage and directing years preparing to deliver. entity, that basis is stated alongside it. looking statement, whether as a What Sets Asahi Apart EBITDA is reported inclusive of other result of new information, future 28 Growth Strategy: income and profit before tax is stated events or otherwise. Readers are The Calibrated Growth Agenda before exceptional items. Financial and advised to exercise their own operational data are drawn from the 30 Key Performance Indicators judgement in assessing the risks Company's audited financial statements 32 Risk Management associated with the Company. and its investor communications for 34 Management Discussion the year. Feedback and Analysis Forward-looking The Company welcomes feedback statement on this report. Comments may 40/124 Statutory be addressed to the Company Reports This report contains forward- Secretary at the registered office, looking statements that describe the Asahi House, 20 Times Corporate 40 Notice Company's objectives, expectations Park, Thaltej, Ahmedabad 380059, 64 Boards’ Report and projections for future periods. Gujarat, or by email to 93 Report on Corporate Governance Such statements can be identified by cs@asahisongwon.com. words including anticipate, estimate, Financial 125/233 Statements FY26 Financial Snapshot 125 Standalone Financial Statements 179 Consolidated Financial Statements (` in crores) 535.48 56.53 Revenue from Operations EBITDA For more details visit our website 25.56 17.78 asahisongwon.com Profit Before Tax Profit After Tax weivrevO etaroproC Corporate Overview HIGHLIGHTS OF THE YEAR FY26 at a Glance A summary of the Company’s consolidated performance for FY26, compared with FY25. Financial highlights (₹ in crore) ₹535.48 ₹542.18 ₹56.53 cr cr cr Revenue from operations Total income EBITDA Including other income Margin 10.43% ₹25.56 ₹17.78 ₹12.24 cr cr cr Profit before tax Profit after tax Finance cost before exceptional items Balance sheet and returns ₹43.24 ₹297.88 ₹15.92 cr cr Cash flow from operations Net worth Earnings per share Operating highlights Reach Consolidated Both new engines Blue business holds Exports 69% of revenue* cross break-even its margin 140.78 The Azo pigments and API The phthalocyanine blue business 19 export markets businesses each reached EBITDA improved realisations through positivity and cash break-even for disciplined pricing and operational Net debt the full year, an important step in efficiency, lifting its fourth-quarter Gross Debt to Equity - 0.47 their financial progression. EBITDA margin to 15.6%. 4 manufacturing units Deleveraging A planned leadership 3 business verticals continues transition Finance cost fell 25.65% to ₹12.24 Arjun Jaykrishna was appointed crore as borrowings reduced Chief Executive Officer during 101 customers further from a peak of about ₹220 the year. Gokul Jaykrishna continues crore, supported by ₹43.24 crore as Managing Director, leading of operating cash flow. strategy and growth. 62-5202 tropeR launnA detimiL sroloC nowgnoS ihasA Asahi Songwon Colors Limited Annual Report 2025-26 4.78% 2.35% 5.48% 25.65% [Showing first 8,000 characters — download PDF for full document]