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.

Asian warehousing Limited has delivered impressive financial performance in Q3FY26, with the company reporting substantial revenue growth and improved profitability metrics for the quarter ended December 31, 2025. The Board of Directors approved these unaudited financial results on January 20, 2026, following comprehensive review by the Audit Committee.

Strong Revenue Performance in Q3FY26

The company demonstrated robust operational performance with revenue from operations reaching ₹47.60 lakhs in Q3FY26, marking a significant 108.31% increase compared to ₹22.85 lakhs in the corresponding quarter of the previous year. This growth also represents a sequential improvement of 3.10% from Q2FY26's revenue of ₹46.17 lakhs.

Quarterly Profitability Analysis

Despite strong revenue growth, the company reported a marginal loss of ₹0.05 lakhs in Q3FY26 compared to a loss of ₹8.63 lakhs in Q3FY25, indicating substantial improvement in operational efficiency. However, this represents a decline from the profit of ₹7.40 lakhs achieved in Q2FY26.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Asian Warehousing achieved remarkable financial turnaround with total income of ₹138.57 lakhs compared to ₹95.37 lakhs in the corresponding period last year, representing 45.28% growth. The company reported a profit of ₹7.37 lakhs for the nine-month period, a significant improvement from the loss of ₹17.17 lakhs in the same period of FY25.

Expense Management and Cost Structure

Total expenses for Q3FY26 stood at ₹44.55 lakhs compared to ₹38.29 lakhs in Q3FY25. Key expense components included:

• Finance Cost: ₹16.43 lakhs (Q3FY26) vs ₹17.62 lakhs (Q3FY25)
• Other Expenses: ₹15.93 lakhs (Q3FY26) vs ₹6.70 lakhs (Q3FY25)
• Employee Benefits: ₹6.67 lakhs (Q3FY26) vs ₹8.43 lakhs (Q3FY25)
• Depreciation: ₹5.52 lakhs (Q3FY26) vs ₹5.54 lakhs (Q3FY25)

Corporate Governance and Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of SEBI Listing Regulations. The company's statutory auditors, Ramesh M. Sheth & Associates, conducted a limited review and issued an unqualified review report. The company operates solely in the warehousing business segment, with paid-up equity share capital of ₹348.72 lakhs consisting of shares with face value of ₹10 each.