Asahi Songwon Colors Limited — Important, 27-12-2024: Updates

Mr. Munjal Mrugesh Jaykrishna has resigned as a Non-Executive Non-Independent Director of Asahi Songwon Colors Limited, effective from the closure of business hours. He will also step down from his roles in the Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee. No other material reasons for his resignation were disclosed. Following this change, the Board has reconstituted the committees:

1. **Audit Committee** now includes Mr. Anil Jain as Chairman (Independent Director), Mrs. Shivani Revat Lakhia, and Mr. Mitesh N. Patel (Executive Director).

2. **Nomination and Remuneration Committee** has Mrs. Shivani Revat Lakhia as Chairperson, alongside Mr. Anil Jain and Mr. Samvegbhai A. Lalbhai (both Independent Directors).

3. **Risk Management Committee** is chaired by Mr. Anil Jain, supported by Mrs. Shivani Revat Lakhia and Mr. Arjun G. Jaykrishna (Executive Director).

These changes could impact the company’s governance structure and strategic direction.