Outcome of Board Meeting

Asah1Songwon Ref: ASCL/SEC/2026-27 /28 July 07, 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: OUTCOME OF BOARD MEETING HELD ON JULY 07, 2026 REF: INTIMATION UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e. July 07, 2026, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, has approved the appointment of Mr. Maulik P. Shah as the Chief Financial Officer (CFO) and Key Managerial Personnel of the Company with effect from July 07, 2026. Further, pursuant to Regulation 30(5) of the SEBI LODR Regulations, the Board of Directors has authorised the following Key Managerial Personnel for the purpose of determining the materiality of an event or information and for making disclosures to the Stock Exchanges under Regulation 30 of the SEBI LODR Regulations, with effect from July 07, 2026: Mr. Gokul M. J aykrishna - Managing Director; Mr. Maulik P. Shah - Chief Financial Officer; and Mr. Joseph Saji Varghese - Company Secretary & Compliance Officer. The details required under Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/ 123 dated July 13, 2023 are enclosed herewith as Annexure - A. The Board Meeting commenced on 11.30 AM and concluded at 12.10 PM. Kindly take the above information on your records. Thanking you, Yours faithfully, For, ASAHI SONGWON COLORS LIMITED JOSEPH SAJI VARGHESE Company Secretary & Compliance Officer Asahi Songwon Colors Ltd. Encl: As above ~~ CIN: L24222GJ1990PLC014789 Regd. Office: "Asahi House", 20, Times Corporate Park, Thaltej - Shilaj Road, Thaltej, Ahmedabad - 380 059, Gujarat, India. 1S014001:2015 OMS 004 Registered A MEMBER Tele: 91-79 48239999, 29617815 •Fax : 91-79 6832 5099 • Web Site: www.asahisongwon.com IMS-QE/JAS-C0061/0403 OF IAF KLA Annexure - A Detailed information as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD I/CIR/2023/ 123 dated July 13, 2023. 1. APPOINTMENT OF MR. MAULIK P. SHAH, AS CHIEF FINANCIAL OFFICER (CFO) AND KEY MANAGERIAL PERSONNEL (KMP) OF THE COMPANY Reason for Change viz. Appointment of Mr. Maulik P. Shah as Chief appointment, re appointment, Financial Officer (CFO) and Key Managerial resignation, removal, death er Personnel (KMP) of the Company. etherv:ise Date of appointment/ re July 07, 2026 appointment / eessatien (as applicable) & terms of appointment/ re-appointment Brief Profile (in case of Mr. Maulik P. Shah is a qualified Chartered appointment) Accountant and a Member of the Institute of Chartered Accountants of India (ICAI). He possesses over 20 years of extensive experience in the areas of plant and commercial controlling, financial planning and analysis, budgeting, treasury management, insurance, foreign exchange management, mergers and acquisitions, internal financial controls and other strategic finance and commercial functions. Prior to joining Asahi Songwon Colors Limited, he served as General Manager - Accounts with AIA Engineering Limited from January 2023 to June 2026. Earlier, he was associated with Johnson Controls-Hitachi Air Conditioning India Limited from May 2007 to January 2023, where he held the position of General Manager - Accounts & Audit. • Disclosure of relationships between Not Applicable Directors (in case of appointment of a Director) Information as required pursuant to Mr. Maulik P. Shah is not debarred from BSE Circular No. holding the office of Chief Financial Officer or LIST/COMP/14/2018-19 and NSE from holding the office of Key Managerial Circular No. NSE/CML/2018/24 Personnel by virtue of any order of the dated June 20, 2018 Securities and Exchange Board of India or any other authority. Asahi Songwon Colors Ltd. ClN:L24222GJ1990PLC014789 Regd. Office: "Asahi House", 20, Times Corporate Park, Thaltej - Shilaj Road, Thaltej, Ahmedabad - 380 059, Gujarat, India. ISO14001:2015 QMS 004 Registered A MEMBER Tele: 91-79 48239999, 29617815 •Fax: 91-79 6832 5099 • Web Site: www.asahisongwon.com IMS-QE/JAS-C0061/0403 OF IAF KLA