Andrew Yule & Company Ltd — Updates, 09-06-2025: Company Update

Andrew Yule & Company Limited has announced a board meeting to approve the sale of 3,48,480 equity shares (2% stake) of Veedol Corporation Ltd. via an Offer for Sale (OFS) on the stock exchanges. The sale will occur over two trading days through a designated window on BSE and NSE, with a floor price set at Rs 1,566 per share. The OFS targets both retail and non-retail investors, with 10% shares reserved for retail investors bidding up to Rs 2 lakh. Settlement will happen on a trade-for-trade basis, and promoters or promoter group members are ineligible to participate. This move enables Andrew Yule to partially divest its holding in Veedol through a regulated exchange mechanism.