Veedol Corp Approves ₹10 Cr Loan to Promoter Andrew Yule

Veedol Corporation Ltd announced that its Board of Directors has approved providing an unsecured short-term loan of up to ₹10 crores to its promoter, Andrew Yule & Company Limited. The loan is intended for working capital purposes and will be provided during the financial year 2026-27, with full repayment due by March 31, 2027. The loan will carry a simple interest rate of 12% per annum. Andrew Yule & Company Limited holds a 24.30% stake in Veedol Corporation Ltd, and the transaction is considered a related party transaction conducted at arm's length. There are two common directors on the boards of both entities.