Basis for Exemption
The exemption is claimed under Regulation 15(2) of SEBI LODR, which states that corporate governance provisions (Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and para C, D and E of Schedule V) do not apply to listed entities with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year.
Company's Financial Position
Asian Warehousing Limited confirms that its Paid-Up Share Capital is less than ₹10 crores and Net Worth does not exceed ₹25 crore as of March 31, 2025 (last day of previous financial year). Specifically, the Practicing Company Secretary's certificate provides the following historical financial data:
- Financial Year 2024-2025: Paid-up Capital ₹3.49 crore, Net Worth ₹3.31 crore
- Financial Year 2023-2024: Paid-up Capital ₹3.49 crore, Net Worth ₹3.24 crore
- Financial Year 2022-2023: Paid-up Capital ₹3.49 crore, Net Worth ₹3.10 crore
Regulatory Impact
Consequently, the requirement for Disclosure of Related Party Transactions under Regulation 23 of SEBI LODR is not applicable for the quarter and half-year ended March 31, 2026. The exemption also extends to Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and para C, D and E of Schedule V.
Supporting Documentation
The filing includes a certificate from Practicing Company Secretary Hemanshu R. Upadhyay of HRU & Associates Company Secretaries providing details of Paid Up Equity Share Capital and Net Worth for the last three consecutive financial years in support of this submission.