Please find enclosed the Outcome of Postal ballot seeking approval of members for approval of material related party transaction with Mr. Bhavik Bhimjyani, Chairman and Managing director ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Asian Warehousing Limited has received shareholder approval via postal ballot for a material related party transaction with Mr. Bhavik Bhimjyani, the company's Chairman and Managing Director. E-voting ran from June 17, 2025 to July 16, 2025, with the result declared on July 17, 2025. Of the 3,487,200 total outstanding shares, only 51,462 votes (about 1.48%) were polled, all from public non-institutional shareholders. The promoter and promoter group, holding 2,476,833 shares (~71% of the company), did not vote as they are interested parties in the resolution. Of the votes cast, 51,444 (99.97%) were in favour and just 18 shares voted against. The ordinary resolution has been declared as passed with the requisite majority.
The transaction has cleared the shareholder approval hurdle, but the very low public turnout (1.48% of shares) and promoter abstention mean the result largely reflects a small pool of retail votes. Investors should review the details of the related party deal with the CMD for governance and fairness concerns, as related party transactions with key management require extra scrutiny.