StockWatch
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Food Storage Facilities
Deals2 Jul 2026, 03:51 pm

Asian Warehousing Leases Office Space from Promoter

AI Summary

Asian Warehousing Limited has approved entering into a Leave and License Agreement with Mrs. Rekha R Bhimjyani, a promoter, for office space at Nariman Point, Mumbai. The agreement is for a monthly license fee of ₹15,000 plus taxes for a period of 11 months, commencing July 2, 2026. This transaction is considered a related party transaction and has been executed at arm's length, based on prevailing market rates. Mrs. Bhimjyani holds 24.38% of the company's shares. The agreement does not grant any special rights related to management, capital structure, or shareholding.

Key Highlights

  • Lease agreement signed with promoter for office space.
  • Monthly license fee set at ₹15,000 plus applicable taxes.
  • Transaction is a related party deal, executed at arm's length.
  • Promoter holds 24.38% stake in Asian Warehousing Limited.
  • Agreement for office use, no special rights granted.