Asian warehousing Limited has announced a key leadership appointment, naming Mr. Vishnu Singh as the company's new Chief Financial Officer. The appointment, effective April 23, 2026, represents a strategic move to strengthen the company's financial leadership team.

Board Approval and Governance

The appointment received formal approval from the Board of Directors during their meeting held on April 23, 2026. The decision was made based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee, demonstrating a thorough governance process. The board meeting commenced at 02:00 P.M and concluded at 02:30 P.M.

Professional Background

Mr. Vishnu Singh brings substantial experience to his new role, with over 15 years of expertise in finance, accounts, and audit functions. His professional background includes comprehensive experience in financial operations, compliance, and reporting across various roles throughout his career.

Prior to joining Asian Warehousing Limited, Mr. Singh was associated with the Neelkanth Group, where he held the position of Manager - Finance. In this capacity, he was responsible for overseeing critical financial operations, audit processes, and compliance functions, providing him with the relevant experience for his new CFO role.

Regulatory Compliance

The appointment has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated under the listing regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The formal communication was signed by Bhavik Bhimjyani, Chairman & Managing Director, ensuring proper authorization and documentation of this key management personnel change. This appointment reflects the company's commitment to maintaining strong financial leadership and governance standards.

Asian warehousing Limited's board of directors has approved a significant material related party transaction involving unsecured loan facilities from the company's Chairman and Managing Director. The decision was taken during a board meeting held on April 13, 2026, marking an important development in the company's funding strategy for the upcoming financial year.

Board Meeting Outcomes

The board meeting, which commenced at 03:00 p.m. and concluded at 04:15 p.m. on April 13, 2026, resulted in three key approvals as disclosed to BSE Limited under Regulation 30 of the SEBI Listing Regulations:

• Approval to enter into a material related party transaction with Chairman Bhavik Bhimjyani for loan facilities during FY 2026-27
• Authorization of postal ballot notice for shareholder approval of the transaction
• Appointment of Hemanshu Upadhyay, Practicing Company Secretary, as scrutinizer for the postal ballot e-voting process

Transaction Details

The proposed loan arrangement involves several important parameters that demonstrate the company's structured approach to related party transactions:

The loan facility is designed to address the company's funding requirements across multiple areas including general corporate purposes, administrative costs, and operational expenses. This diversified funding approach indicates the company's comprehensive financial planning for the upcoming fiscal year.

Related Party Information

Bhavik Bhimjyani, who serves as both Chairman and Managing Director with DIN 00160121, maintains a modest equity stake in the company. His shareholding details reveal a measured ownership structure:

Regulatory Compliance

The transaction has been structured in full compliance with SEBI regulations, particularly under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive disclosures as required under the SEBI Master Circular, ensuring transparency in the related party transaction process.

The appointment of an independent scrutinizer for the postal ballot process demonstrates the company's commitment to conducting the shareholder approval process in a fair and transparent manner. The e-voting mechanism will enable shareholders to participate effectively in the decision-making process.

Financial Obligations

Under the proposed arrangement, Asian Warehousing Limited will be obligated to repay the principal amount disbursed by Bhavik Bhimjyani upon demand, along with interest payable on an annual basis at the agreed rate. This structure provides flexibility in terms of repayment while ensuring clear financial obligations for both parties involved in the transaction.