Veedol Corporation Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the National Stock Exchange of India Limited and the Bombay Stock Exchange. The submission, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, details the company's progress on environmental, social, and governance (ESG) parameters. The report highlights a strategic commitment to reducing total greenhouse gas emissions by 25% by 2030 and achieving net-zero emissions by 2050.

The filing was signed by Abhijit Satish Tikekar, Company Secretary and Head – Legal & CSR, on July 31, 2026. The disclosures are presented on a standalone basis. Tirkha Consultants & Advisors LLP conducted a reasonable assurance engagement on the BRSR Core parameters, verifying key performance indicators including energy consumption, water usage, and waste management against International Standard on Assurance Engagement (ISAE) 3000 standards.

Environmental Performance

Veedol reported a total energy consumption of 11,647 GJ for FY26, comprising 2,141 GJ from renewable sources and 9,506 GJ from non-renewable sources. This represents a decrease from 13,211 GJ in FY25. The company aims to increase the share of renewable energy to 25% of its total energy consumption by 2030.

Water withdrawal totaled 12,057 kilolitres in FY26, down from 13,326 kilolitres in FY25. The company utilizes treated water for gardening and evaporation pans, working towards a long-term goal of achieving Zero Liquid Discharge (ZLD). Waste generated amounted to 99.96 metric tonnes, with 123.77 metric tonnes recycled through recovery operations.

Social and Governance Metrics

The company employs 401 permanent employees and 521 workers. Female representation among permanent employees stands at 12%, while the Board of Directors includes one female member out of ten. Veedol reported zero lost-time injuries (LTI) and zero fatalities during the year. One complaint under the Sexual Harassment of Women at Workplace Act was received and closed within timelines; none were upheld.

Corporate governance is overseen by specialized committees, including the CSR Committee and Risk Management Committee. The company maintains ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications across its manufacturing facilities in Faridabad, Howrah, Turbhe, Silvassa, and Oragadam.

What the Numbers Show

A notable shift in operational efficiency is evident in the reduction of energy intensity per rupee of turnover, which fell to 0.00000076 GJ/₹ in FY26 from 0.00000087 GJ/₹ in FY25. This improvement occurred alongside a decrease in total energy consumption, suggesting enhanced process optimization rather than mere output reduction. Additionally, the company's related-party transactions remain significant, with 100% of loans and advances and investments directed toward related parties, reflecting a consolidated group strategy.

Veedol Corporation has recommended a final dividend of ₹22 per ordinary share of ₹2 each for the financial year ended March 31, 2026. The Board of Directors proposed the payout during its recent meeting, subject to approval by shareholders at the company’s 103th Annual General Meeting (AGM). This recommendation signals continued capital return to investors following the fiscal year’s performance.

The 103rd AGM will be held on Monday, August 24, 2026, at 11:00 a.m. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The deemed venue for the meeting is the company’s registered office at Yule House, 8, Dr. Rajendra Prasad Sarani, Kolkata. In compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Veedol published advertisements in The Telegraph (English) and Aajkaal (Bengali) on August 1, 2026, to inform stakeholders of the meeting and dividend matters.

To facilitate shareholder participation, the company has enabled remote e-voting through National Securities Depository Limited (NSDL). The cut-off date for determining voting eligibility is Monday, August 17, 2026. Remote e-voting will be open for three days, starting at 10:00 a.m. on Friday, August 21, 2026, and ending at 5:00 p.m. on Sunday, August 23, 2026. Members who do not vote remotely may exercise their voting rights during the AGM via VC/OAVM. However, those who have already cast remote votes cannot vote again during the meeting.

The Register of Members and Share Transfer Register will remain closed from Tuesday, August 18, 2026, to Monday, August 24, 2026, both days inclusive. This closure period determines the list of members entitled to receive the final dividend if approved. Dividends will be remitted electronically after tax deduction at source (TDS) to members who have provided valid bank details to their Depository Participants. Folios missing PAN, nomination, or bank details will be handled as per SEBI guidelines. Shareholders were previously notified about TDS applicability on July 15, 2026.

Manoj Prasad Shaw of Manoj Shaw & Co., a practicing Company Secretary, has been appointed as the Scrutinizer to ensure fair and transparent voting procedures. For technical assistance with e-voting, shareholders can contact NSDL or Maheshwari Datamatics Private Limited, the transfer agent. Detailed instructions are available on the company’s website and the NSDL e-voting portal.

Key Dates and Details

What the Numbers Show

The recommendation of a ₹22 dividend per share indicates the Board’s confidence in the company’s cash flow generation during FY26. While the total dividend payout amount depends on the number of equity shares outstanding, the per-share figure provides a clear benchmark for shareholder returns. Investors should note that the dividend is subject to final approval at the AGM and applicable TDS deductions based on individual tax statuses.