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Vadilal Firms Ink New 12-Month Supply Deal After Old Pact Expires
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CNBC TV18•30-09-2026, 15:35
Vadilal Firms Ink New 12-Month Supply Deal After Old Pact Expires
- •Vadilal Industries (VIL) and Vadilal Enterprises (VEL) have agreed to a new 12-month supply agreement, effective November 1, 2026, to October 31, 2027.
- •The new deal follows the expiration of their previous 10-year sale and purchase agreement on September 30, 2026.
- •The prior agreement could not be renewed from October 1 due to VEL not securing shareholder approval for the renewal.
- •VIL implemented contingency plans and held discussions with VEL to ensure business continuity and avoid disruptions.
- •The revised agreement requires approval from shareholders of both VIL and VEL, as per SEBI LODR Regulations.
Key Questions Answered
Vadilal Industries and Vadilal Enterprises have agreed to enter into a revised supply agreement for a duration of 12 months, effective from November 1, 2026, to October 31, 2027.
The previous 10-year agreement expired on September 30, 2026, and could not be renewed from October 1 because Vadilal Enterprises had not received the required approval from its public shareholders.
The execution of the revised supply agreement remains subject to receiving approval from the shareholders of both Vadilal Industries and Vadilal Enterprises in accordance with SEBI LODR Regulations.
