Summary of Key Information:
Reporting Period: Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting - Related Party Transaction
Date of Board Meeting / Approval: 28th September, 2026
Time of Commencement: 2:30 P.M.
Time of Conclusion: 3:20 P.M.
Audit Opinion: Not Specified
Auditor's Comment: Not Specified
Key Financial Highlights:
Corporate Actions:
- Approved providing of unsecured short-term loan not exceeding ₹10 crores to Andrew Yule & Company Limited
- Loan period: During financial year 2026-27 with repayment deadline of 31st March, 2027
- Interest rate: 12% per annum (simple interest)
- Loan purpose: Working capital requirements
Regulatory Disclosures:
- Transaction classified as related party transaction
- Andrew Yule & Company Limited is the Promoter of Veedol Corporation Limited
- Andrew Yule & Company Limited holds 24.30% of shares of Veedol Corporation Limited
- Veedol Corporation Limited does not hold any shares in Andrew Yule & Company Limited
- Transaction stated to be conducted at arm's length
- There are 2 common Directors in the Board of both entities
- Previous loan taken in 2025-26 has been repaid by Andrew Yule & Company Limited
Other Significant Information:
- No security provided for the loan
- Proper documents will be executed at the time of providing the loan
- Necessary details of outstanding amount will be furnished at the time of providing the loan
- No impact on management or control of the listed entity
- No restrictions or liabilities imposed upon the listed entity