Andrew Yule & Company Ltd — Updates, 23-05-2025: Company Update

Andrew Yule & Co. Ltd. has withdrawn its planned Offer for Sale (OFS) of 3,48,480 equity shares of Veedol Corporation Ltd., representing 2% of Veedol’s paid-up capital, due to technical glitches. This suspension impacts the company’s shareholding adjustment strategy and delays potential liquidity or capital reallocation intended through the sale. Shareholders should note that the planned reduction in stake has been put on hold until further notice.