StockWatch
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Food Storage Facilities
AGM/EGM22 Sept 2026, 06:31 pm

Asian Warehousing AGM approves CMD re-appointment & CFO related party deal

AI Summary

Asian Warehousing Limited's shareholders, at the 14th Annual General Meeting (AGM) held on September 21, 2026, approved two significant proposals. Firstly, Mr. Bhavik Bhimjyani was re-appointed as the Chairman and Managing Director of the company for a period of three years, effective from February 25, 2027, until February 24, 2030. His monthly remuneration is set at ₹5,00,000. Mr. Bhimjyani, a Promoter Director and MD since 2019, brings over two decades of experience. Secondly, the shareholders also approved a material related party transaction with Mr. Vishnu Singh, the Chief Financial Officer of the company. These approvals were made in compliance with SEBI Listing Regulations.

Key Highlights

  • Shareholders approved CMD Bhavik Bhimjyani's re-appointment for 3 years.
  • His monthly remuneration is set at ₹5,00,000.
  • Material related party transaction with CFO Vishnu Singh approved.
  • All approvals occurred at the 14th Annual General Meeting.