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.

Veedol corporation Limited has announced the resignation of a senior management personnel, marking a significant change in its leadership structure. The company disclosed this development in compliance with regulatory requirements on March 10, 2026.

Senior Management Departure

Dr. Manish Khodaskar, who served as Head HR, Admin & CSR at Veedol Corporation Limited, has tendered his resignation from the company. His departure will be effective from the close of business on April 8, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and changes in senior management positions.

The company has indicated that additional documentation as prescribed under Schedule III of Part A Para 7(c) of Industrial Standard on Regulation 30 will be disclosed within the specified timeline. Abhijit Tikekar, Company Secretary & Head Legal with Membership No. A20213, signed the disclosure document.

Company Information

Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, operates as an ISO 9001:2015 certified company. The company maintains its listing on both major Indian stock exchanges - NSE and BSE - ensuring transparency and regulatory compliance in all material disclosures.