Date: 30th September, 2026
Business Update / Strategic Actions
Vadilal Industries Limited has entered into a revised supply agreement with Vadilal Enterprises Limited (VEL) for a period of 12 months from November 1, 2026 to October 31, 2027. This follows the expiry of the previous 10-year sale and purchase agreement that was executed on September 29, 2016 and was scheduled to expire on September 30, 2026.
The previous agreement could not be renewed effective October 1, 2026, as VEL had not received required approval from its public shareholders for the proposed renewal, as disclosed in the company's earlier communication dated September 11, 2026.
The Revised Agreement was approved by the Audit Committee and the Board of Directors of the Company in their respective meetings held on September 30, 2026.
Conditions and Next Steps
The execution of the Revised Agreement remains subject to and conditional upon the approval of the shareholders of both Vadilal Industries Limited and Vadilal Enterprises Limited in accordance with the applicable provisions of the SEBI LODR Regulations. Further details, including the notice of the Extra-Ordinary General Meeting, will be communicated in due course.
Business Continuity Measures
The company has undertaken various measures to ensure business continuity as per its contingency plans and continues to take necessary measures to ensure continuity of smooth business operations and to safeguard the interests of the company and its public shareholders.