Veedol Corporation Limited has announced an extension of the repayment timeline for an unsecured loan granted to Andrew Yule & Company Limited (AYCL). The company disclosed this development in a regulatory filing dated March 23, 2026, under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Approval for Timeline Extension

The Board of Directors of Veedol Corporation Limited, acting on the recommendation of the Audit Committee, has approved Andrew Yule & Company Limited's request for extending the loan repayment timeline. The extension details are as follows:

Background of the Loan Arrangement

The unsecured loan arrangement was initially disclosed on February 5, 2025, as part of a short-term lending facility provided to Andrew Yule & Company Limited during the financial year 2025-26. This extension represents a six-month deferment of the original repayment schedule while maintaining all existing terms and conditions of the loan agreement.

Borrower Profile and Track Record

Andrew Yule & Company Limited holds a significant position in relation to Veedol Corporation Limited. Key aspects of this relationship include:

• Status as a Government of India Enterprise
• Role as co-promoter of Veedol Corporation Limited
• Satisfactory track record in servicing financial obligations towards the company
• Established history of meeting repayment commitments

Regulatory Compliance

Veedol Corporation Limited has made this disclosure in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that the transaction continues to be conducted on an arm's length basis and remains within the ordinary course of business operations.

The extension reflects the ongoing business relationship between the two entities while maintaining transparency with stakeholders through proper regulatory disclosures. The company has assured that all other terms and conditions of the original loan agreement remain unchanged despite the timeline extension.

Veedol Corporation Limited has published newspaper advertisements declaring the results of its postal ballot process on March 19, 2026, following the successful completion of remote e-voting for director appointment. The company submitted disclosure documents to NSE and BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Disclosure and Publication

The company formally communicated through Company Secretary & Head Legal, Abhijit Tikekar, publishing advertisements in The Telegraph (English) and Aajkaal (Bengali) newspapers in Kolkata edition. The disclosure relates to the postal ballot notice originally dated February 2, 2026, with voting concluding on March 17, 2026.

Director Appointment Resolution Outcome

The postal ballot focused on appointing Shri Kulbhushan Malhotra (DIN: 11507259) as Non-Executive and Non-Independent Director. The resolution achieved overwhelming shareholder support with 326 members participating, representing 7,193,344 shares or 41.28% of total outstanding shares of 17,424,000.

Category-wise Voting Analysis

The voting pattern demonstrated strong promoter group engagement while public institutional participation remained absent.

Promoter and Promoter Group Performance

• Shares Held: 11,252,858
• Votes Polled: 7,019,341 (62.378% participation)
• Support Level: 100% in favor with zero opposition

Public Non-Institutions Engagement

• Shares Held: 5,975,135
• Votes Polled: 174,003 (2.912% participation)
• Vote Distribution: 23,668 in favor (13.602%), 150,335 against (86.398%)

Public Institutions Status

• Shares Held: 196,007
• Participation: No votes cast through e-voting platform

Scrutinizer Certification and Compliance

Manoj Prasad Shaw of Manoj Shaw & Co., Company Secretaries (FCS: 5517, CP: 4194), served as appointed scrutinizer and provided comprehensive certification on March 18, 2026. The scrutinizer confirmed fair and transparent voting process following all regulatory requirements under Companies Act, 2013.

The scrutinizer's report included detailed verification procedures with witness signatures from Abhishek Pal and Nikita Chokhani, counter-signed by Managing Director Arijit Basu (DIN: 07215894). Based on 97.91% approval rate, the resolution has been officially declared as passed.

Publication and Website Availability

The voting results and scrutinizer's report are available on NSE ( www.nseindia.com ), BSE ( www.bseindia.com ), and company website ( www.veedolindia.com ). The newspaper advertisements ensure broader stakeholder awareness as required under SEBI disclosure norms, completing all regulatory compliance measures for this corporate governance milestone.