Asian Warehousing Ltd

Asian Warehousing Ltd: Trading window closed from 01 October 2026 until 48 hours after declaration of Financial Results of the company for the quarter ended September 30, 2026.

Appointment / Change in Chairman & MD

• Re-appoints Bhavik Bhimjyani as Chairman and MD for 3-year term, Feb 25, 2027 to Feb 24, 2030.
• Remuneration: Rs 5 lakh per month.
• Profile: Promoter Director; MD since 2019; Wharton graduate with finance and entrepreneurship.
• Relationships: Not related to any other directors.

AGM details

• AGM held September 21, 2026 at 10:00 A.M. IST via video conference.
• Remote e-voting conducted Sep 18–20, 2026.
• Record date: September 14, 2026.
• Scrutinizer appointed: Hemanshu Upadhyay of HRU & Associates.

Key resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Bhavik Bhimjyani as director, retiring by rotation.
• Special: Re-appoint Bhavik Bhimjyani as Chairman and Managing Director.
• Ordinary: Approve material related party transaction with Vishnu Singh, CFO.

Voting results

• Resolution 1 passed; near-unanimous support; 14 shares opposed.
• Resolution 2 passed; 98.36% in favour, 1.64% against.
• Resolution 3 passed; 98.36% in favour, 1.64% against.
• Resolution 4 passed; 98.36% in favour, 1.64% against.

Dividend

• No dividend proposed or approved.

Director changes

• Bhavik Bhimjyani re-appointed as Director, and as Chairman and MD.

Auditors

• No auditor appointments or changes announced; adoption includes statutory audit reports.

Related party transactions

• Material RPT with Vishnu Singh, CFO, approved.

AGM details

• Date and time: 21 Sep 2026, 10:00 AM IST.
• Mode: Video conferencing / OAVM.
• Meeting concluded at 10:25 AM with 15-minute e-voting window.
• Quorum: 29 members attended via VC.

Resolutions and voting

• Ordinary: Adopt audited financial statements for the year ended Mar 31, 2026.
• Ordinary: Appoint Bhavik Bhimjyani as director by rotation.
• Special: Re-appoint Bhavjyani as Chairman and Managing Director.
• Ordinary: Approve material related party transaction with CFO Vishnu Singh.
• Voting results to be communicated to BSE and posted on the company website.

Financials at a glance

• FY2025-26 revenue from operations: ₹179.10 lakh.
• Total income: ₹180.73 lakh.
• Profit after tax: ₹23.36 lakh.
• EPS: ₹0.67 (basic and diluted).
• Operating margin: 47.21%; Net margin: 13.04%.
• Revenue declined ~15% YoY to ₹179.10 lakh.
• Net cash from operating activities: ₹152.07 lakh; closing cash: ₹0.03 lakh.
• Borrowings total: ₹700.10 lakh (long-term ₹44.11; current ₹655.99).
• Authorized capital ₹350.0 lakh; paid-up capital ₹348.72 lakh.
• Return on net worth: 6.83% for FY2025-26.

Business and operations

• Single operating segment: agri-commodity warehousing.
• Revenue mix: services ₹174.11L, goods ₹1.00L, weigh bridge ₹3.99L.
• Trading in agro goods largely ceased; prior year activity reduced.
• FCI tender secured to bolster market credibility.
• Employee count: 8 as at 31-Mar-2026.

Capital structure and liquidity

• Borrowings: long-term ₹44.11L; current ₹655.99L; total ₹700.10L.
• Current ratio 0.03; debt-equity 0.27.
• Equity share capital ₹348.72L; reserves ₹2,283.96L.
• Net cash from operating activities ₹152.07L; investing ₹-86.56L; financing ₹-66.32L.
• Unsecured loan from director Bhavik Bhimjyani ₹599.20L outstanding.

Governance and management

• Board: Bhavik Bhimjyani (MD), Asha Dawda, Yogesh Thakkar, Sangeeta Kumar.
• CFOs: Vivek Ambawale (appointed 02-Mar-2026); Vishnu Singh (appointed 23-Apr-2026).
• Company Secretary: Sony Pavanan; Statutory Auditor: R M Sheth & Associates.
• Independent Directors: Sangeeta Kumar and Yogesh Thakkar.
• Board meetings: 11; Audit Committee: 10; Nomination & Remuneration: 4; Stakeholders' 1.

Related party transactions

• CFO remuneration: ₹28.20 lakh for FY2026-27.
• Material RPT: unsecured loan to Bhavik Bhimjyani up to ₹15 crore.
• Outstanding director loan: ₹599.20 lakh as of 31-Mar-2026.
• Office rent to Rekha Bhimjyani: ₹0.60 lakh.
• Audit Committee reviews RPT quarterly; all at arm's length.

Audit and internal controls

• Statutory auditors: M/s Ramesh M. Sheth & Associates; Internal audit by Rashmikesh Panigrahi.
• Secretarial audit: HRU & Associates; ERP with audit trail in place.
• Auditors' report: unqualified; no material weaknesses noted.

Outlook and risk

• Growth via tenders from government/institutional clients, including FCI.
• Expansion plans: capacity, industrial/e-commerce/3PL segments; funds permitting.
• Risks: climate-driven outputs, regulatory shifts, land constraints, competition.

Dividend and shareholder info

• No dividend declared for FY2025-26.
• Promoter shareholding: Rashmi Bhimjyani 40.30%; Rekha Bhimjyani 24.38%; Bhavik Bhimjyani 0.15%.
• Share capital: 3,487,200 equity shares of ₹10 each.

AGM Details

• AGM date, time and mode: September 21, 2026, 10:00 IST, via VC/OAVM.
• Register of Members and Share Transfer Book closed: September 15–21, 2026.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements for year ended March 31, 2026.
• Ordinary: Re-appointment of Bhavik Bhimjyani as Director (retiring by rotation).
• Special: Re-appointment of Bhavik Bhimjyani as Chairman and Managing Director for 3 years.
• Ordinary: Material Related Party Transaction with CFO Vishnu Singh; remuneration up to ₹28.20 lakh for 2026-27.
• Ordinary: Ratification of remuneration paid since April 23, 2026.

Voting Results

• Adoption of financial statements: outcome not disclosed.
• Director re-appointment: outcome not disclosed.
• MD re-appointment: outcome not disclosed.
• RPT with CFO: outcome not disclosed.

Dividend

• Dividend: No dividend declared for FY 2025-26.

Director Changes

• Bhimjyani reappointed as CMD for 3 years from Feb 25, 2027 to Feb 24, 2030.

Material Related Party Transactions

• CFO Vishnu Singh remuneration up to ₹28.20 lakh for 2026-27; ratification of payments since Apr 23, 2026.

CMD re-appointment

• Re-appoint Bhavik Bhimjyani as CMD for 3 years from Feb 25, 2027 to Feb 24, 2030; approval awaited.
• Brief profile: Promoter Director; MD since 2019; Wharton graduate.

Scrutinizer appointment

• CS Hemanshu Upadhyay appointed Scrutinizer for e-voting at 14th AGM.

CFO remuneration approved (RPT)

• Remuneration for CFO Vishnu Singh up to ₹28,20,000 for FY 2026-27; subject to member approval.