
Deals2 Jul 2026, 03:47 pm
Asian Warehousing enters ₹15,000/month office space deal with promoter
AI Summary
Asian Warehousing Limited has approved a Leave and License Agreement with Mrs. Rekha R Bhimjyani, a promoter holding 24.38% of the company. The agreement is for office space at 508, Dalamal House, Nariman Point, Mumbai, with a monthly license fee of ₹15,000 plus applicable taxes. The license period is 11 months, commencing July 2, 2026. The transaction is considered a related party transaction but has been executed at arm's length based on prevailing market rates. No special rights related to management, capital structure, or shareholding have been granted to the promoter under this agreement.
Key Highlights
- Company enters office space lease agreement with promoter Mrs. Rekha R Bhimjyani.
- Monthly license fee set at ₹15,000 plus taxes for 11 months.
- Transaction is a related party deal, confirmed to be at arm's length.
- No special rights granted to promoter regarding company management or capital.
Price Impact
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