Veedol Corporation Limited Extends Loan Repayment Timeline for Andrew Yule & Company Limited
Kolkata – Veedol Corporation Limited announced on March 23, 2026, that its Board of Directors has approved an extension for the repayment timeline of an unsecured loan granted to Andrew Yule & Company Limited (AYCL). The extension, recommended by the Audit Committee, shifts the repayment date from March 31, 2026, to September 30, 2026. All other terms and conditions of the original loan agreement remain unchanged.The initial short-term unsecured loan was provided during the financial year 2025-26. AYCL, a Government of India enterprise and co-promoter of Veedol Corporation Limited, has a satisfactory track record in servicing its financial obligations to the company. The transaction was conducted on an arm's length basis and aligns with the company’s ordinary course of business.
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