ALPHA TRIBE

Asian Warehousing LtdUpdates, 09-06-2025: Company Update

09-06-2025 | 04:40 pm

Asian Warehousing Limited has announced a board meeting outcome approving a material related party transaction with Chairman and MD Bhavik Bhimjyani. The company plans to avail an unsecured loan of up to ₹10 Cr from him during the financial year 2025-26, subject to shareholder approval. The loan will support funding needs including corporate, administrative, and operational expenses. Bhavik Bhimjyani currently holds 14.46% equity in the company. The loan will carry an annual interest rate and is repayable on demand. This transaction is at arm’s length and involves no impact on management control.

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