Vadilal Industries signs revised supply agreement with VEL, pending shareholder approval
Vadilal Industries has agreed to a revised 12-month supply agreement with VEL, valid from Nov 1, 2026, to Oct 31, 2027. This agreement requires shareholder approval from both companies and was approved by Vadilal's Audit Committee and Board on Sep 30, 2026. Further details for an EGM will be announced.
The revised agreement is crucial for business continuity, but its finalization depends on shareholder approval, introducing an element of uncertainty. The 12-month duration also suggests a short-term solution.
The company is entering into a revised supply agreement, which requires shareholder approval. While this ensures business continuity, the dependence on external approvals and the change in terms prevent a definitively positive sentiment.
Vadilal Industries Limited (VADILALIND) has entered into a revised supply agreement with Vadilal Enterprises Limited (VEL) for a period of 12 months, effective from November 1, 2026, to October 31, 2027. This follows the non-renewal of a previous 10-year agreement which was set to expire on September 30, 2026, as VEL did not receive necessary approval from its public shareholders.
The company has implemented contingency plans to ensure business continuity and has been in discussions with VEL to finalize the new supply terms. The revised agreement was approved by the Audit Committee and the Board of Directors of Vadilal Industries Limited on September 30, 2026.
The execution of this Revised Agreement is contingent upon the approval of the shareholders of both Vadilal Industries Limited and VEL, as per the LODR Regulations. Further details, including the notice for an Extra-Ordinary General Meeting (EGM), will be communicated in due course. The company is continuing to take measures to ensure smooth business operations and protect the interests of its shareholders.
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