Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we hereby inform that the Board of directors at its meeting held today i.e. Monday, June 09, 2025 has approved the items as mentioned ....
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The board of Asian Warehousing Ltd, at its meeting on June 9, 2025, approved a Material Related Party Transaction with its Chairman and Managing Director, Mr. Bhavik Bhimjyani, for FY 2025-26. The transaction involves availing an unsecured loan of up to ₹10 Crores, in one or more tranches, from Mr. Bhimjyani to meet the company's funding needs, including general corporate purposes, administrative costs, and operational expenses. The loan is repayable on demand along with interest at an agreed annual rate. Since this qualifies as a Material Related Party Transaction, the company will seek shareholder approval through a Postal Ballot, with Mr. Hemanshu Upadhyay appointed as Scrutinizer for the e-voting process. Mr. Bhimjyani holds 14.46% stake (5,04,173 shares) in the company and is part of the promoter group. The transaction is stated to be conducted at arm's length basis and will not impact management control.
This is a promoter-funded loan that provides the company with quick access to capital without dilution, but it adds a financial obligation to repay up to ₹10 Crores on demand. Shareholders should review the terms before voting in the postal ballot; near-term stock impact is expected to be limited since this is an internal funding arrangement rather than an equity issuance.