StockWatch
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Dairy Products
AGM/EGM5 Oct 2026, 01:22 pm

Vadilal Industries to hold EGM on Oct 27 for Supply Agreement

AI Summary

Vadilal Industries Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for October 27, 2026, to be held via Video Conferencing. The primary agenda is to approve the execution of a supply agreement with Vadilal Enterprises Limited (VEL). This agreement, set to commence from November 1, 2026, and valid for 12 months until October 31, 2027, is for an aggregate amount not exceeding INR 1,426 Crores. The transaction is intended to be carried out in the ordinary course of business on an arm's length basis. The cut-off date for determining eligible members to vote electronically and attend the EGM is October 20, 2026. The notice of the EGM has also been uploaded on the company's website.

Key Highlights

  • EGM scheduled for October 27, 2026, via Video Conferencing.
  • Agenda includes approval of a supply agreement with Vadilal Enterprises Ltd.
  • Supply agreement value capped at INR 1,426 Crores for 12 months.
  • Cut-off date for voting rights is October 20, 2026.
  • Transaction to be conducted on an arm's length basis.