Asian Warehousing Approves Related Party Transaction

Asian Warehousing Limited has approved a material related party transaction with its Chairman and Managing Director, Mr. Bhavik Bhimjyani, through a postal ballot process. The resolution was passed with the requisite majority on Wednesday, May 20, 2026, following a remote e-voting period that commenced on April 21, 2026. The postal ballot was conducted pursuant to Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the provisions of the Companies Act, 2013.

The scrutinizer's report confirms that the ordinary resolution received overwhelming support from the shareholders entitled to vote. M/s. HRU & Associates, led by Practicing Company Secretary Hemanshu R. Upadhyay, served as the scrutinizer for the postal ballot. The firm certified that the resolution was approved and passed by the requisite majority of the members. The remote e-voting module, provided by National Securities Depository Limited (NSDL), was successfully unblocked on May 20, 2026, in the presence of independent witnesses.

Voting Results Summary

The voting results indicate significant participation from the public non-institutional category, while promoter group shares remained unvoted. A total of 25,382 votes were polled, representing 0.73% of the total outstanding shares. The detailed breakdown of the votes cast is provided in the table below.

Category	No. of Shares Held	No. of Votes Polled	Votes in Favour	Votes Against	% of Favour Votes
Promoter and Promoter Group	2476833	0	0	0	0.0000
Public - Institutions	640	0	0	0	0.0000
Public - Non Institutions	1009727	25382	25375	7	99.9724
Total	3487200	25382	25375	7	99.9724

Scrutinizer Certification

The detailed scrutinizer report and the voting results have been submitted to BSE Limited and are also available on the company's website. The record date for determining the eligibility of shareholders was fixed as April 17, 2026. The resolution to approve the Material Related Party Transaction with Mr. Bhavik Bhimjyani was deemed to be passed on the last date of remote e-voting.

Asian Warehousing Limited has secured a tender awarded by Food Corporation of India (FCI), Jaipur, under the PWS Scheme-2010 for the provision of warehousing services. The company disclosed this development on May 04, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Contract Details

The tender, awarded by the domestic entity Food Corporation of India, pertains to warehousing services for the storage of foodgrains. The key parameters of the contract are outlined below:

Parameter:	Details
Awarding Entity:	Food Corporation of India (FCI), Jaipur
Nature of Contract:	Warehousing services for storage of foodgrains
Scheme:	PWS Scheme-2010
Total Awarded Storage Capacity:	4060 Metric Tonnes (MT)
Approved Rate:	₹7.40 per Qtl per month (for storage "with services")
Domestic / International:	Domestic
Execution Timeline:	As may be decided by FCI, Jaipur
Related Party Transaction:	No
Promoter/Group Interest in Awarding Entity:	No

Regulatory Disclosure

The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The terms and conditions of the contract are as per the provisions of the tender floated by FCI, Jaipur, with the execution timeline to be determined by FCI. The company has confirmed that the contract does not constitute a related party transaction and that no promoter, promoter group, or group company holds any interest in the awarding entity.

The disclosure was signed by Bhavik Bhimjyani, Chairman & Managing Director of Asian Warehousing Limited (DIN: 00160121), on May 04, 2026.