Integrated Filing — IndAS



General information about company

Scrip Code 532853
NSE Symbol ASAHISONG
MSEI Symbol NOTLISTED
ISIN INE228I01012
Name of company ASAHI SONGWON COLORS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 11-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 11-11-2025   11:30:00
End date and time of board meeting 11-11-2025   13:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 12,089.83 27,077.62
Other income 165.18 311.03
Total income 12,255.01 27,388.65
2 Expenses
(a) Cost of materials consumed 9,070.54 18,952.97
(b) Purchases of stock-in-trade 13.54 38.42
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,009.02) (549.05)
(d) Employee benefit expense 678.05 1,344.40
(e) Finance costs 284.70 598.64
(f) Depreciation, depletion and amortisation expense 469.06 932.79
(f) Other Expenses
1 Power and Fuel 949.54 2,046.25
2 Other Expenses 1,437.87 3,240.80
Total other expenses 2,387.41 5,287.05
Total expenses 11,894.28 26,605.22
3 Total profit before exceptional items and tax 360.73 783.43
4 Exceptional items 0.00 0.00
5 Total profit before tax 360.73 783.43
6 Tax expense
7 Current tax 157.59 379.11
8 Deferred tax (6.56) (64.86)
9 Total tax expenses 151.03 314.25
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 209.70 469.18
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 209.70 469.18
17 Other comprehensive income net of taxes (66.09) (96.88)
18 Total Comprehensive Income for the period 143.61 372.30
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 225.33 541.64
Total profit or loss, attributable to non-controlling interests (15.63) (72.46)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 159.24 444.76
Total comprehensive income for the period attributable to owners of parent non-controlling interests (15.63) (72.46)
21 Details of equity share capital
Paid-up equity share capital 1,178.73 1,178.73
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.91 4.6
Diluted earnings (loss) per share from continuing operations 1.91 4.6
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.91 4.6
Diluted earnings (loss) per share from continuing and discontinued operations 1.91 4.6
24 Debt equity ratio 0.00 0.00
25 Debt service coverage ratio 0.00 0.00
26 Interest service coverage ratio 0.00 0.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1 The above Consolidated Unaudited financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors in their respective meetings held on November 11 2025 2 The Statutory auditors of the respective company have unaudited the financial results for the quarter ended and half year September 30, 2025 as per Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulations 2015 3 The Audited Consolidated financial results are prepared in accordance with principles and procedures as set out in the Ind AS 110 Consolidated Financial Statement prescribed under section 133 of the Companies Act 2013 read with relevant rules issued thereunder The consolidated financial results include financial results of the following entities: Asahi Songwon Colors Limited Parent Company Asahi Tennants Color Private Limited Subsidiary Atlas Life Sciences Private Ltd Wholly owned subsidiary Atlas Life Sciences India Private Ltd Wholly owned subsidiary Plutoeco Enviro Association Associate Company 4 The Group has reported segment information as per the Ind AS 108 Operating Segments as below Name of Segment Main Product Groups Chemicals Dyes and Pigments Life Science Chemicals API and API Intermediates 5 The figures for the previous period has been regrouped re arranged to make them comparable with the current period figures. For and on behalf of Board of Directors Asahi Songwon Colors Limited Place : Ahmedabad Mrs. Paru M Jaykrishna Date : November 11, 2025 Chairperson & Mg. Director



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 27,057.50
Capital work-in-progress 39.38
Investment property 0.00
Goodwill 2,613.27
Other intangible assets 244.96
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.30
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 109.21
Total non-current financial assets 109.51
Deferred tax assets (net) 664.71
Other non-current assets 155.76
Total non-current assets 30,885.09
2 Current assets
Inventories 9,176.61
Current financial asset
Current investments 6.82
Trade receivables, current 12,386.75
Cash and cash equivalents 39.88
Bank balance other than cash and cash equivalents 505.51
Loans, current 27.93
Other current financial assets 158.12
Total current financial assets 13,125.01
Current tax assets (net) 36.32
Other current assets 3,453.93
Total current assets 25,791.87
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 56,676.96
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,178.73
Other equity 24,593.59
Total equity attributable to owners of parent 25,772.32
Non controlling interest 2,673.58
Total equity 28,445.90
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,842.65
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 245.02
Total non-current financial liabilities 5,087.67
Provisions, non-current 310.13
Deferred tax liabilities (net) 1,860.83
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.20
Total non-current liabilities 7,258.83
Current liabilities
Current financial liabilities
Borrowings, current 8,969.56
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 10,910.98
Total Trade payable 10,910.98
Other current financial liabilities 488.54
Total current financial liabilities 20,369.08
Other current liabilities 423.67
Provisions, current 77.77
Current tax liabilities (Net) 101.71
Deferred government grants, Current 0.00
Total current liabilities 20,972.23
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 28,231.06
Total equity and liabilites 56,676.96
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Pigments 9,533.74 21,983.96
2 API 2,721.27 5,404.69
Total Segment Revenue 12,255.01 27,388.65
Less: Inter segment revenue 0.00 0.00
Revenue from operations 12,255.01 27,388.65
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Pigments 591.34 1,372.16
2 API 54.09 9.91
Total Profit before tax 645.43 1,382.07
i. Finance cost 284.70 598.64
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 360.73 783.43
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Pigments 59,523.89 59,523.89
2 API 15,341.79 15,341.79
Total Segment Asset 74,865.68 74,865.68
Un-allocable Assets (18,188.72) (18,188.72)
Net Segment Asset 56,676.96 56,676.96
4 Segment Liabilities
Segment Liabilities
1 Pigments 22,116.84 22,116.84
2 API 13,078.58 13,078.58
Total Segment Liabilities 35,195.42 35,195.42
Un-allocable Liabilities (6,964.36) (6,964.36)
Net Segment Liabilities 28,231.06 28,231.06
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of iterms that will not be reclassified to profit and loss 0 0
Total Amount of items that will not be reclassified to profit and loss 0.00 0.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Amount of iterms that will be reclassified to profit and loss -8832000 -12946000
Total Amount of items that will be reclassified to profit and loss (88.32) (129.46)
4 Income tax relating to items that will be reclassified to profit or loss (22.23) (32.58)
5 Total Other comprehensive income (66.09) (96.88)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 783.43
Adjustments for reconcile profit (loss)
Adjustments for finance costs 598.64
Adjustments for decrease (increase) in inventories (498.91)
Adjustments for decrease (increase) in trade receivables, current 2,968.27
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (375.67)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (521.38)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 932.79
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 6.32
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,097.42
Net cash flows from (used in) operations 3,880.85
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 234.97
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 3,645.88
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 30.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 317.76
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 6.32
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (256.39)
Net cash flows from (used in) investing activities (537.83)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 537.90
Repayments of borrowings 3,202.22
Payments of lease liabilities 0.00
Dividends paid 176.86
Interest paid 598.64
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (3,439.82)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (331.77)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (331.77)
Cash and cash equivalents cash flow statement at beginning of period 371.65
Cash and cash equivalents cash flow statement at end of period 39.88