Please find enclosed the Scrutinizers'' report for the postal ballot conducted for approval of material related party transaction with Bhavik Bhimjyani, Chairman and Managing Director.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Asian Warehousing Limited held a postal ballot (remote e-voting from April 21 to May 20, 2026) to seek shareholder approval for a material related party transaction involving Mr. Bhavik Bhimjyani, Chairman & Managing Director. The resolution was passed as an Ordinary Resolution with 99.97% votes in favour (25,375 votes for vs. 7 votes against) out of 25,382 total votes cast. A notable finding is that the Promoter and Promoter Group (holding 2,476,833 shares) did not vote at all, which is standard practice for related party transactions to avoid conflict of interest. Only public non-institution shareholders participated, casting just 2.51% of their total shares. The scrutinizer, M/s. HRU & Associates, confirmed the resolution was passed on May 20, 2026.
The approval of this material related party transaction is routine governance but warrants monitoring as it involves a significant transaction with the CMD, and the very low public participation (2.5%) limits the breadth of independent validation.