Asian Warehousing Limited

Key Financial Figures (Standalone, Rs. in Lakhs)

  • Revenue from Operations: ₹179.10 (FY 2024-25: ₹212.60) - decline of ~15%
  • Other Income: ₹1.63 (FY 2024-25: ₹1.05)
  • Total Income: ₹180.73 (FY 2024-25: ₹213.65)
  • Purchase of Stock-in-Trade: ₹0 (FY 2024-25: ₹58.41) - trading activity discontinued
  • Employee Benefits Expense: ₹26.01 (FY 2024-25: ₹30.75)
  • Finance Costs: ₹69.71 (FY 2024-25: ₹72.04)
  • Depreciation: ₹22.96 (FY 2024-25: ₹22.23)
  • Other Expenses: ₹45.57 (FY 2024-25: ₹49.06)
  • Profit Before Tax: ₹16.48 (FY 2024-25: loss of ₹18.84)
  • Tax Expense: Credit of ₹6.88 (FY 2024-25: credit of ₹24.83)
  • Profit for the Year: ₹23.36 (FY 2024-25: ₹5.99) - increase of ~290%
  • Other Comprehensive Income: ₹1.36 (FY 2024-25: loss of ₹1.51)
  • Total Comprehensive Income: ₹24.72 (FY 2024-25: ₹4.48)
  • Earnings Per Share (Basic & Diluted): ₹0.67 (FY 2024-25: ₹0.17)

Capital Structure

  • Authorized Share Capital: ₹350.00 lakhs (35,00,000 equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹348.72 lakhs (34,87,200 equity shares of ₹10 each) - unchanged during the year
  • No shares with differential voting rights, sweat equity, or ESOPs were issued during the year
  • No buy-back of shares was undertaken

AGM Details

  • 14th Annual General Meeting to be held on Monday, September 21, 2026, at 10:00 AM IST via Video Conferencing/Other Audio-Visual Means
  • Deemed venue: Registered Office at 508, Dalamal House, J.B. Marg, Nariman Point, Mumbai - 400021

Ordinary Business

1. To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026, together with reports of Board of Directors and Statutory Auditors

2. To reappoint Mr. Bhavik Bhimjyani (DIN: 00160121) as director retiring by rotation

Special Business

3. Re-Appointment of Mr. Bhavik Bhimjyani as Chairman & Managing Director: Special resolution to reappoint for a further period of 3 years from February 25, 2027, to February 24, 2030, on remuneration of ₹5,00,000 per month

4. Material Related Party Transaction with Mr. Vishnu Singh, CFO: Ordinary resolution to approve remuneration not exceeding ₹28,20,000 per annum for FY 2026-27, inclusive of salary, allowances and perquisites, including ratification of remuneration paid from April 23, 2026

Corporate Governance

Board of Directors as on March 31, 2026:

  • Mr. Bhavik Bhimjyani - Chairman & Managing Director
  • Mrs. Asha Yogesh Dawda - Woman Non-Executive Director
  • Mr. Yogesh Jayantilal Thakkar - Non-Executive Independent Director
  • Mrs. Sangeeta Vijay Kumar - Non-Executive Independent Director

Key Managerial Personnel as on March 31, 2026:

  • Mr. Bhavik Bhimjyani - Chairman & Managing Director
  • Mr. Vivek Ambawale - Chief Financial Officer (appointed w.e.f. March 2, 2026)
  • Ms. Sony Pavanan - Company Secretary & Compliance Officer

Changes in KMP:

  • Mr. Pankaj Prabhakar Kamble, CFO, resigned with effect from December 3, 2025
  • Mr. Vivek Ambawale, CFO, resigned with effect from April 2, 2026
  • Mr. Vishnu Singh appointed as CFO with effect from April 23, 2026

Board Meetings: 11 meetings held during FY 2025-26

Board Committees:

  • Audit Committee: 10 meetings held
  • Nomination & Remuneration Committee: 4 meetings held
  • Stakeholders' Relationship Committee: 1 meeting held

Material Developments Post-FY End

  • Mr. Vivek Ambawale, CFO, resigned with effect from April 2, 2026
  • Mr. Vishnu Singh appointed as CFO with effect from April 23, 2026
  • Board approved material related party transaction with Mr. Bhavik Bhimjyani for availing unsecured loan not exceeding ₹15,00,00,000 during FY 2026-27
  • Members approved the transaction via postal ballot; results declared on May 20, 2026

Related Party Transactions

  • Unsecured loans availed from Mr. Bhavik Bhimjyani, Director:
  • Loan availed during year: ₹360.74 lakhs
  • Repayment during year: ₹100.40 lakhs
  • Outstanding as on March 31, 2026: ₹599.20 lakhs
  • Office rent paid to Mrs. Rekha R. Bhimjyani, Promoter: ₹0.60 lakhs

Dividend

No dividend recommended for FY 2025-26 to conserve resources for future capital requirements.

Auditors

  • Statutory Auditors: M/s Ramesh M. Sheth & Associates, Chartered Accountants (reappointed till conclusion of 15th AGM)
  • Secretarial Auditors: M/s HRU & Associates, Practicing Company Secretaries (appointed for 5 years from FY 2025-26)
  • Internal Auditor: Bhasin Hota & Co., Chartered Accountants

All auditor reports are unqualified without any adverse remarks.

Operational Performance

  • Strategic shift from trading to core warehousing services:
  • Sale of Goods - Agro Product: ₹1.00 lakh (FY 2024-25: ₹94.17 lakhs)
  • Sale of Services - Agro Product: ₹174.11 lakhs (FY 2024-25: ₹114.68 lakhs)
  • Weigh Bridge Income: ₹3.99 lakhs (FY 2024-25: ₹3.75 lakhs)
  • Company secured a significant tender from Food Corporation of India (FCI) for warehousing services
  • Employee strength: 8 as on March 31, 2026 (2 female, 6 male employees)

Financial Impact

  • Improved profitability primarily due to discontinuation of trading activities and cost rationalization
  • No material financial impact quantified for the related party transactions beyond the disclosed amounts
  • The unsecured loan from director provides working capital flexibility

Capital Structure Impact

  • No change in share capital during the year
  • No dilution or change in promoter holding from corporate actions

Cash Flow Implications

  • Operating cash flow: ₹152.07 lakhs
  • Investing cash flow: outflow of ₹86.56 lakhs (primarily PPE additions)
  • Financing cash flow: outflow of ₹66.32 lakhs (net debt repayment)
  • Net decrease in cash: ₹0.81 lakhs