We wish to inform that the Board of directors in its meeting held today i.e. 13.04.2026 has approved the items mentioned in the attachment.
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Asian Warehousing Ltd's Board approved a material related party transaction with Mr. Bhavik Bhimjyani, Chairman & Managing Director, for availing unsecured loans up to ₹15 Crores during FY 2026-27. The loans are for general corporate purposes, administrative costs, and operational expenses. Mr. Bhimjyani holds 5,173 equity shares (0.15%) in the company. Since this involves a related party, shareholder approval via postal ballot is required, and the transaction is stated to be on an arm's length basis. The Board meeting lasted 45 minutes, from 3:00 PM to 4:15 PM.
The loan from the promoter/MD is a routine related party transaction requiring shareholder approval. It does not signal any major corporate restructuring or strategic shift. Minimal direct stock price impact expected, though ongoing related party borrowings may attract regulatory scrutiny.