Asian Warehousing Ltd Board Approves Material Related Party Loan of Up to ₹15 Crores
Asian Warehousing Ltd announced that its Board of Directors, during a meeting held on Monday, April 13, 2026, approved entering into a Material Related Party Transaction involving the company's Chairman and Managing Director, Mr. Bhavik Bhimjyani. The transaction involves Mr. Bhimjyani extending unsecured loans to the company during the financial year 2026-2027.The company's board also approved convening a Postal Ballot Notice to seek requisite shareholder approval for this proposed transaction. Furthermore, the board appointed Mr. Hemanshu Upadhyay, Practicing Company Secretary, to serve as the Scrutinizer for conducting the e-voting process related to the postal ballot.
The proposed loan agreement is structured to allow the company to avail an unsecured loan not exceeding ₹15 Crores (Rupees Fifteen Crores only). This funding is intended to meet the company's general corporate funding requirements, administrative costs, and operational expenses. The loan will be disbursed to the company in one or more tranches during the financial year 2026-27.
The transaction involves the Chairman and Managing Director, Mr. Bhavik Bhimjyani, who is also a related party. The company is under a financial obligation to repay the principal amount of the loan, along with interest payable on an annual basis at the agreed rate.
Key details regarding the proposed agreement and the related party transaction are summarized below:
| Detail | Value/Description |
|---|---|
| Counterparty | Mr. Bhavik Bhimjyani (Chairman & Managing Director) |
| Relationship | Related to Promoter & Promoter Group |
| Loan Type | Unsecured Loan |
| Maximum Loan Amount | ₹15 Crores |
| Financial Year | 2026-27 |
| Shares Held by Counterparty | 5173 Equity shares (0.15%) |
| Purpose of Loan | General corporate purposes, administrative costs, and operational expenses |
| Basis of Transaction | On arm's length basis |
The Board Meeting was held on April 13, 2026, and concluded at 04:15 p.m.
Stock Price Movement
Asian Warehousing Ltd. shares settled at ₹35.90 on Monday, dropping 5.48% for the day. The stock fluctuated significantly during trading hours, achieving an intraday high of ₹37.22 before dipping to a low of ₹33.00.Source:
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