Please find attached the postal ballot notice dated 09.06.2025 seeking approval of shareholders for entering into material related party transaction with Mr. Bhavik Bhimjyani.
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Awaiting price reaction for this filing.
Asian Warehousing Limited has issued a postal ballot notice seeking shareholder approval for a material related party transaction involving an unsecured loan of up to ₹10 crore from Mr. Bhavik Bhimjyani, the Chairman, Managing Director and promoter of the company, for FY 2025-26. The loan will carry an interest rate of 7% per annum, is repayable on demand, and is intended to meet general corporate purposes and operational expenses given that formal financing channels are too time-consuming. The proposed transaction value equals 470% of the company's annual turnover (based on the maximum limit sought), and prior transactions with Mr. Bhimjyani in the last three years include loans of about ₹2.22 crore (FY25), ₹67.55 lakh (FY24), and ₹92.07 lakh (FY23). E-voting runs from June 17, 2025 to July 16, 2025, with results expected by July 18, 2025.
Approval allows the company to access quick funding from its promoter to bridge liquidity gaps, which is positive for operational continuity, though it increases related-party debt exposure (existing debt-to-equity ratio is 0.27). Shareholders should note that related parties cannot vote on this resolution, and the high transaction-to-turnover ratio (470%) signals the company's modest scale relative to its funding needs from the promoter.