Cordoba Logistics defers loan repayments to 2027

October 03, 2025 (MLN):  Cordoba Logistics & Ventures Limited has approved the deferment of loan and markup repayments on two major agreements, pushing the repayment start date from July 1, 2025, to January 1, 2027.

According to a material information disclosure filed with the Pakistan Stock Exchange, the Board of Directors passed two resolutions at its meeting on Friday.

The first resolution pertains to a loan agreement between the company and its subsidiary, Cordoba Financial Services Ltd. (CFS), formerly Cordoba Leasing Limited.

Under the revised terms, repayment of the loan, including markup and other related party liabilities, will now commence from January 1, 2027, instead of mid-2025.

CFS, however, retains the option for early repayment. The modification requires shareholder approval through a special resolution under Section 199 of the Companies Act, 2017.

The second resolution relates to a shareholder loan agreement executed between the company and Mr. Danish Elahi. Repayments on this loan, originally scheduled to begin in July 2025, have also been deferred to January 2027.

The board approved this amendment under Section 183 of the Companies Act, 2017.

The company stated that its chief executive and company secretary have been authorized to take all necessary steps to implement the resolutions, including securing shareholder approval where required.

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