Pursuant to Regulations 34 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report ....

August 28, 2026 BSE Limited P.J. Towers, Dalal Street, Fort Mumbai– 400 001 Scrip Code: 543927 Sub.: Annual Report for the Financial Year 2025-26. Ref: Regulations 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulations 34 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the Financial Year 2025-26. The Annual Report is also available on the website of the company at – https://www.asianw.com/Pdf%20Files/Annual%20Report/Annual%20Report_2025-26.pdf This is for your information and record. Thanking you, Yours faithfully, For ASIAN WAREHOUSING LIMITED Bhavik Bhimjyani Chairman & Managing Director DIN: 00160121 508, Dalamal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai 400021. T: 022-22812000 Email: info@asianw.com CIN: L52100MH2012PLC230719 Website: www.asianw.com ASIAN ASIAN WAREHOUSING LIMITED 14th Annual Report 2025-2026 CONTENTS 1.CORPORATE INFORMATION - 2.NOTICE 1 3.DIRECTORS’ REPORT 23 4.MANAGEMENT DISCUSSION AND ANALYSIS 49 5.INDEPENDENT AUDITORS’ REPORT 58 6.BALANCE SHEET 69 7.STATEMENT OF PROFIT AND LOSS 71 8.CASH FLOW STATEMENT 75 9.NOTES ON FINANCIAL STATEMENTs 77 CORPORATE INFORMATION BOARD OF DIRECTORS BHAVIK BHIMJYANI CHAIRMAN AND MANAGING DIRECTOR ASHA YOGESH DAWDA WOMAN NON - EXECUTIVE DIRECTOR YOGESH JAYANTILAL THAKKAR NON - EXECUTIVE INDEPENDENT DIRECTOR SANGEETA VIJAY KUMAR NON - EXECUTIVE INDEPENDENT DIRECTOR CHIEF FINANCIAL OFFICER Vishnu Singh (w.e.f. April 23, 2026) COMPANY SECRETARY & COMPLIANCE OFFICER SONY PAVANAN INTERNAL AUDITOR Bhasin Hota & Co., Chartered Accountants. STATUTORY AUDITORS M/s RAMESH M. SHETH & ASSOCIATES, CHARTERED ACCOUNTANTS SECRETARIAL AUDITORS M/S HRU & ASSOCIATES, PRACTICING COMPANY SECRETARIES BANKERS PUNJAB NATIONAL BANK ICICI BANK LIMITED REGISTRAR AND SHARE TRANSFER AGENT MUFG INTIME PRIVATE LIMITED (Formerly Link Intime India Private Limited) BOARD COMMITTEES audit committee Sangeeta Vijay Kumar Chairperson Bhavik Bhimjyani Member Yogesh Jayantilal Thakkar Member NOMINATION & REMUNERATION Committee Sangeeta Vijay Kumar Chairperson Asha Dawda Member Yogesh Jayantilal Thakkar Member STAKEHOLDERS RELATIONSHIP COMMITTTEE Sangeeta Vijay Kumar Chairperson Bhavik Bhimjyani Member Yogesh Jayantilal Thakkar Member ASIAN Annual Report 2025-26 NOTICE OF 14TH ANNUAL GENERAL MEETING Notice is hereby given that the Fourteenth (14th) Annual General Meeting (“AGM”) of the members of Asian Warehousing Limited (CIN: L52100MH2012PLC230719) will be held on Monday, September 21, 2026, at 10:00 a.m. Indian Standard Time (“IST”). The AGM shall be held by means of Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) to transact the businesses as enumerated below. The proceedings of the AGM shall be deemed to be conducted at the Registered office of the Company at 508, Dalamal House, J.B. Marg, Nariman Point, Mumbai – 400021, which shall be the deemed venue of the AGM. ORDINARY BUSINESS 1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon. To consider and if thought fit, to pass the following Resolution as an ORDINARY RESOLUTION: “RESOLVED THAT the Audited Financial Statements of the Company for the financial year ended March 31,2026 together with the reports of the Board of Directors and Auditors thereon be and are hereby received, considered and adopted.” 2. To appoint a director in place of Mr. Bhavik Bhimjyani (DIN:00160121), who retires by rotation as a director and being eligible, offered himself for re-appointment as director. To consider and if thought fit, to pass the following Resolution as an ORDINARY RESOLUTION: “RESOLVED THAT pursuant to the provisions of Section 152(6) of the Companies Act, 2013, Mr. Bhavik Bhimjyani (DIN: 00160121), Director of the Company, who retired by rotation and being eligible, has offered himself for re-appointment, be and is hereby re-appointed as a director of the Company, who shall be liable to retire by rotation.” SPECIAL BUSINESS 3. Re-Appointment of Mr. Bhavik Bhimjyani as Chairman and Managing Director of the Company. To consider and, if thought fit, to pass the following Resolution as a SPECIAL RESOLUTION: “RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and in accordance with the provisions of the Articles of Association of the Company, and pursuant to the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee and Board of Directors of Asian Warehousing Limited 1 ASIAN Annual Report 2025-26 the Company, consent of the members of the Company be and is hereby accorded for the re-appointment of Mr. Bhavik Bhimjyani (DIN: 00160121) as Chairman and Managing Director of the Company for a further period of 3 (three) years on expiry of his present term of office, i.e., with effect from February 25, 2027, up to February 24, 2030, on a remuneration of Rs. 5,00,000/- (Rupees Five Lakhs only) per month, upon such terms and conditions as may be determined by the Board of Directors from time to time within the limits prescribed under Schedule V thereto and with liberty to the Board of Directors to alter and vary the terms and conditions of the said re-appointment as it may deem fit.” “RESOLVED FURTHER THAT in the event of absence or inadequacy of profits in any financial year during the tenure of Mr. Bhavik Bhimjyani as Managing Director of the Company, the remuneration approved herein shall be paid to him as minimum remuneration in accordance with the provisions of Schedule V of the Companies Act, 2013.” “RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and is hereby authorized to do all such acts, deeds, matters and things as may be deemed necessary, proper or expedient to give effect to this resolution.” 4. To approve Material Related Party Transaction with Mr. Vishnu Singh, Chief Financial Officer of the Company. To consider and, if thought fit, to pass the following Resolution as an ORDINARY RESOLUTION: "RESOLVED THAT pursuant to Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or re- enactment(s) thereof for the time being in force) and the Company's Policy on Related Party Transactions, and based on the recommendation of the Audit Committee and Nomination and Remuneration committee at its respective meetings held on August 24, 2026, the consent of the members of the Company be and is hereby accorded to the payment of remuneration not exceeding ₹28,20,000/- (Rupees Twenty-Eight Lakh Twenty Thousand only) per annum, inclusive of salary, allowances and perquisites, to Mr. Vishnu Singh, Chief Financial Officer of the Company, for the financial year 2026-27, the same being a material related party transaction as it exceeds the materiality threshold laid down under the Company's Policy on Related Party Transactions read with Regulation 23 of the SEBI LODR Regulations including ratification of the remuneration already paid to Mr. Vishnu Singh for the period from April 23, 2026 up to the date of this resolution.” “RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and is hereby authorised to do all such acts, deeds, matters and things as may be necessary, proper, expedient or incidental for the pur [Showing first 8,000 characters — download PDF for full document]