Asian Warehousing Limited has reappointed Bhavik Bhimjyani as Chairman and Managing Director for a three-year term. The Board also approved a related-party transaction involving remuneration for CFO Vishnu Singh.

The decisions were taken at the Board meeting held on August 24, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership and Governance

The Board approved the Directors' Report along with its annexures and the Management Discussion and Analysis Report for the financial year ended March 31, 2026.

Mr. Bhavik Bhimjyani (DIN: 00160121) will serve as Chairman and Managing Director from February 25, 2027, to February 24, 2030. His monthly remuneration is set at ₹5,00,000, subject to terms determined by the Board within the limits prescribed under Schedule V of the Companies Act, 2013. This appointment requires shareholder approval at the forthcoming Annual General Meeting.

Mr. Bhimjyani is a Promoter Director since incorporation and has served as Managing Director since February 24, 2019. He holds a Bachelor of Science in Economics with a concentration in Finance from the Wharton School, University of Pennsylvania, and an MBA in Entrepreneurial Management.

Related Party Transaction

Based on recommendations from the Audit Committee and Nomination and Remuneration Committee, the Board approved remuneration for Mr. Vishnu Singh, Chief Financial Officer. The payment shall not exceed ₹28,20,000 per annum, inclusive of salary, allowances, and perquisites, for FY27. This approval is subject to member consent pursuant to Regulation 23 of the SEBI (LODR) Regulations, 2015.

Annual General Meeting Details

The 14th Annual General Meeting is scheduled for Monday, September 21, 2026, at 10:00 am via Video Conferencing or Other Audio-Visual Means. CS Hemanshu Upadhyay of M/s HRU & Associates has been appointed as Scrutinizer for the e-voting process.

Asian Warehousing reported a strong turnaround in profitability for the first quarter of FY27, with standalone net profit rising 60.8% year-on-year to ₹1,128.92 lakh. The company’s revenue from operations also expanded by 17.8% to reach ₹21,445.05 lakh for the quarter ended June 30, 2026.

The improvement in bottom-line figures was supported by better operational efficiency. Standalone total income including other income stood at ₹21,445.05 lakh, while net profit before tax and exceptional items was recorded at ₹1,569.37 lakh. This compares to a net profit before tax of ₹1,211.52 lakh in Q1FY26.

Financial Performance

The key financial metrics for the quarter highlight a consistent growth trajectory in both top-line and bottom-line parameters:

On a consolidated basis, the group reported a net loss of ₹106.06 lakh for the quarter, a significant improvement from the net loss of ₹24.34 lakh reported in the same period last year. The consolidated revenue remained flat at ₹21,445.05 lakh, matching the standalone figures due to the nature of the holding structure.

What the Numbers Show

A notable divergence exists between the standalone and consolidated results. While the standalone entity generated a healthy net profit of ₹1,128.92 lakh, the consolidated entity reported a net loss of ₹106.06 lakh. This suggests that subsidiaries or associate companies within the group incurred losses that offset the parent company’s profitability during the quarter. Investors should monitor the performance of these subsidiaries in subsequent quarters to understand the sustainability of the group’s overall earnings.

The earnings per share (EPS) on a standalone basis rose to ₹2.17 from ₹1.69 in Q1FY26, reflecting the improved profit conversion relative to the equity share capital of ₹1,040.00 lakh, which remained unchanged from the previous year.