Cordoba Logistics & Ventures Defers Loan Repayments, Board Approves Amendments to Key Agreements
Key Takeaways
- Cordoba Logistics & Ventures Limited's Board approved deferring loan repayments by 18 months.
- Repayment start dates for two major loan agreements have been moved from July 1, 2025, to January 1, 2027.
- One deferred loan is between the parent company and its subsidiary, Cordoba Financial Services Ltd. (CFS).
- The second deferred loan is between the company and shareholder Mr. Danish Elahi.
- The amendments are intended to provide the company with greater financial flexibility during current market conditions.
Cordoba Logistics & Ventures Limited informed the Pakistan Stock Exchange (PSX) that its Board of Directors sanctioned amendments to two key loan agreements during a meeting on October 3, 2025. These amendments specifically defer the commencement of principal and markup repayments by a significant period of 18 months. The first affected agreement is between Cordoba Financial Services Ltd. (CFS), a subsidiary, and the parent company, with repayments now starting January 1, 2027, instead of July 1, 2025. The second resolution concerns a loan with shareholder Mr. Danish Elahi, which also sees its repayment start date moved to January 1, 2027. Both agreements retain the option for early repayment, and the board has authorized necessary steps, including seeking shareholder approval, to implement these changes, citing the goal of providing greater financial flexibility to navigate current market conditions.
