Cordoba Logistics & Ventures Limited has announced that its Board of Directors has approved amendments to two major loan agreements, deferring the start of repayments by 18 months.
The decision was disclosed in a notice to the Pakistan Stock Exchange (PSX) following a board meeting held on October 3, 2025.
According to the company, the first resolution concerns a loan agreement between Cordoba Financial Services Ltd. (CFS), a subsidiary of Cordoba Logistics, and the parent company. Repayment of the principal and markup, which was previously scheduled to begin on July 1, 2025, will now commence from January 1, 2027. CFS retains the option to make early payments if desired.
The second resolution involves a loan agreement between Cordoba Logistics & Ventures Limited and one of its shareholders, Mr. Danish Elahi. Under the revised terms, repayment of the loan and markup, also originally set to start on July 1, 2025, has been deferred to January 1, 2027. The company may opt for early pre-payment of the principal and markup.
The board has authorized the Chief Executive and Company Secretary to take all necessary steps to implement these changes, including seeking shareholder approval at the upcoming general meeting.
The company says these amendments are in line with Sections 199 and 183 of the Companies Act, 2017, and are intended to provide greater financial flexibility as Cordoba Logistics & Ventures Limited continues to navigate current market conditions.
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