Please find enclosed the postal ballot notice dated 13.04.2026 seeking approval of shareholders for entering into material related party transaction.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.7 pts more than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Asian Warehousing Ltd is seeking shareholder approval via postal ballot for a material related party transaction — availing unsecured loans up to ₹15 crore from Mr. Bhavik Bhimjyani, its Chairman & Managing Director and a promoter of the company, during FY 2026-27. The loan carries an interest rate of 7% per annum and is repayable on demand. The transaction is classified as material as it exceeds 10% of the company's annual consolidated turnover (the proposed amount is approximately 706% of turnover). The company states the loan is needed to meet urgent funding requirements for working capital, operational expenses, and growth initiatives, and that the transaction is on an arm's length basis and in the ordinary course of business. The Audit Committee and Board have already approved it. Shareholders (except related parties) can vote between April 21 and May 20, 2026.
The large loan from the CMD — worth 706% of annual turnover — signals the company may be facing liquidity pressure or funding constraints, relying heavily on promoter backing. Shareholders should scrutinize whether the 7% interest rate is fair and whether the company's debt service capacity is adequate (Debt-to-Equity was 0.27 and DSCR was 0.33 per last audited financials).