Asian Warehousing Limited has disclosed an inter-se transfer of 4,99,000 equity shares between promoters through a formal regulatory filing under SEBI SAST Regulations. The transaction involved the transfer of shares from Bhavik Bhimjyani to Rekha R Bhimjyani through an off-market gift transaction executed on March 06, 2026.

Transaction Overview

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with Rekha R Bhimjyani filing the necessary documentation with BSE Limited on March 09, 2026. The formal communication addressed to both BSE Limited and Asian Warehousing Limited confirmed the acquisition of shares through inter-se transfer by way of gift.

Shareholding Pattern Changes

The inter-se transfer resulted in significant changes to individual shareholding patterns within the promoter group. The transaction increased Rekha R Bhimjyani's stake substantially while reducing Bhavik Bhimjyani's holding to a minimal position.

Promoter Group Structure

The regulatory filing disclosed the complete promoter and persons acting in concert (PAC) structure. The promoter group includes Mrs. Rekha Rashmi Bhimjyani as the acquirer, Mr. Bhavik Rashmi Bhimjyani as the seller, along with Rashmi C Bhimjyani, Rashmikant Chunilal Bhimjyani HUF, Late N H Popat, and R T Agro Private Limited.

Regulatory Compliance

The company confirmed that the aggregate shareholding of the promoter and promoter group remains unchanged before and after the inter-se transfer. The transaction represents 14.31% of the company's total share capital, executed at nil consideration as it was structured as a gift between family members. The formal disclosure ensures compliance with SEBI regulations governing substantial acquisition of shares and takeovers.

Asian warehousing Limited has appointed Mr. Vivek Ambawale as its new Chief Financial Officer, effective March 02, 2026. The appointment was formally approved by the company's Board of Directors during their meeting held on March 02, 2026, following recommendations from both the Nomination and Remuneration Committee and Audit Committee.

Board Meeting Outcome

The board meeting that approved this key appointment was conducted on March 02, 2026, commencing at 04:00 P.M and concluding at 04:30 P.M. The decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of New CFO

Mr. Vivek Ambawale brings relevant educational qualifications and professional experience to his new role. According to the company's disclosure, he is a Commerce graduate from the University of Mumbai and possesses experience in financial accounting and audit functions.

Regulatory Compliance and Communication

The appointment follows proper corporate governance procedures, with the company fulfilling its disclosure obligations under SEBI regulations. The announcement was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete transparency in the key managerial personnel change.

The formal communication to BSE Limited was digitally signed by Bhavik Bhimjyani, Chairman & Managing Director (DIN: 00160121) of Asian Warehousing Limited on March 02, 2026, confirming the official nature of this corporate appointment. The company has provided all required disclosures as mandated under the listing regulations for changes in key managerial personnel.