Vadilal Industries Ltd enters 12-month supply agreement with VEL

Vadilal Industries Ltd 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 non-renewal of a previous 10-year agreement due to VEL not receiving public shareholder approval. The company has implemented contingency plans for business continuity and engaged in discussions for the new agreement. The Revised Agreement has been approved by the Audit Committee and Board of Directors, but is still subject to shareholder approval from both companies. Vadilal Industries is taking measures to ensure smooth business operations and protect shareholder interests.