Andrew Yule & Company Ltd — Updates, 22-05-2025: Company Update

Andrew Yule & Company Limited has announced a board meeting to approve the sale of 3,48,480 equity shares of Veedol Corporation Ltd., representing 2% of Veedol’s paid-up capital, via an offer for sale through stock exchanges. The sale will be conducted over two trading days exclusively through designated brokers on NSE and BSE with a floor price of ₹1,566 per share and no retail discount. The offer targets both retail and non-retail investors, with specific allocation rules and upfront payment requirements. This sale by the promoter is aimed at partial monetization while maintaining compliance with relevant procedures.