Veedol Corporation Limited [formerly Tide Water Oil Co. (India) Limited] has informed the stock exchanges of the resignation of Mr. Mandar Ghatnekar, Head – Marketing (SMP), pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure was filed on 5th May, 2026, and is accompanied by the relevant annexure and resignation letter as required under the applicable regulatory framework.

Key Details of the Resignation

The following table summarises the material disclosures as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015:

Background and Transition

In his resignation letter dated 4th May, 2026, Mr. Ghatnekar stated that he is resigning from his Head Marketing position at Veedol to explore opportunities outside the company. He requested to be relieved within 90 days, effective from the date of the letter. Mr. Ghatnekar affirmed his full commitment to ensuring a smooth and seamless transition during the notice period.

Regulatory Compliance

The disclosure has been made in accordance with Sub-Para 7C of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023. The filing was signed and submitted by Abhijit Tikekar, Company Secretary & Head – Legal & CSR (Membership No.: A20213), on behalf of Veedol Corporation Limited.

Veedol Corporation has disclosed the resignation of its Managing Director, Arijit Basu (DIN 07215894), under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the resignation intimation from Basu on May 4, 2026, with his last working day scheduled for November 3, 2026. In his resignation letter addressed to the Chairman, Basu stated that he intends to pursue new professional opportunities and expressed gratitude to the Board of Directors for the trust and confidence placed in him. He also affirmed his commitment to supporting the company during the transition phase. The disclosure was filed by Company Secretary & Head - Legal & CSR, Abhijit Tikekar, on behalf of the company.

Leadership Tenure and Transition

Arijit Basu's association with Veedol Corporation began on January 1, 2020. He was subsequently elevated to the role of Managing Director on March 1, 2023, a position he held until his scheduled departure. The following table summarizes the key milestones of his tenure and the regulatory disclosure details:

Regulatory Disclosure

The resignation has been disclosed pursuant to Sub-Para 7C of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. As per the Annexure I filed with the exchanges, the cessation is effective from the close of business on November 3, 2026. The disclosure was made to both the National Stock Exchange of India Ltd. and BSE Limited. Basu's overall association with Veedol Corporation spanned more than six years, during which he served in a senior leadership capacity, and his departure marks a significant transition in the company's top management structure.