Cordoba Logistics & Ventures Limited has announced significant amendments to its loan agreement and increased investment limits in its subsidiary, Cordoba Financial Services Limited (CFSL).
- The Board approved an amendment to the loan agreement with shareholder Mr. Danish Elahi, restructuring repayment terms effective June 30, 2026.
- No interest or mark-up will accrue on the restructured loan amount from that date.
- Investment limit in CFSL has been increased from PKR 1,000.00M to PKR 2,000.00M, allowing for corporate guarantees as needed.
- The total outstanding exposure under loans and guarantees to CFSL is capped at PKR 2,000.00M.
- The company aims to enhance its financial support to CFSL, potentially boosting its operational capacity.