Veedol Corporation Limited Schedules 354th Board Meeting on May 20, 2026 to Consider FY26 Audited Results and Final Dividend

Veedol Corporation Limited [formerly Tide Water Oil Co. (India) Limited] has notified the stock exchanges of its upcoming 354th Board Meeting, scheduled to be held on Wednesday, May 20, 2026, at its Corporate Office in Mumbai. The intimation was issued on May 11, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Board Meeting Details

The following key agenda items have been disclosed for the 354th Board Meeting:

Parameter:	Details
Meeting Number:	354th Board Meeting
Date:	Wednesday, May 20, 2026
Time:	2:30 p.m.
Venue:	Board Room, Corporate Office, Mumbai
Agenda Item 1:	Consideration and adoption of Audited Financial Results for the quarter and year ended March 31, 2026
Agenda Item 2:	Recommendation of final dividend for the financial year 2025-26
Agenda Item 3:	Book closure for the purpose of dividend

Regulatory Compliance

The notice was submitted to both the National Stock Exchange of India Ltd. and BSE Limited on May 11, 2026, as required under applicable listing regulations. The communication was signed by Abhijit Tikekar, Company Secretary & Head – Legal & CSR (Membership No. A20213), on behalf of the Board of Veedol Corporation Limited.

Further details in connection with the above are available on the company's website at www.veedolindia.com , as well as on www.nseindia.com and www.bseindia.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	+5.83%	+9.47%	-13.13%	+1.89%	+67.75%

Veedol Corporation Limited has received a repudiation letter from National Insurance Company Limited in connection with an insurance claim filed following a fire incident at a third-party depot in Bhiwandi, District Thane, Maharashtra. The development was disclosed to the stock exchanges on 9th May, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Background of the Incident and Claim

The fire incident at the third-party depot in Bhiwandi was first disclosed by the company on 5th October, 2024. Subsequently, on 5th February, 2025, the company made a further disclosure regarding the lodgment of an insurance claim with the insurer. The claim was filed under Policy No. 101000112310000499, with Claim No. 101000112491087296, with the insured party listed as Tide Water Oil Company (India).

The key details of the insurance claim repudiation are summarised below:

Parameter:	Details
Insurer:	National Insurance Company Limited
Policy No.:	101000112310000499
Claim No.:	101000112491087296
Insured:	Tide Water Oil Company (India)
Incident Location:	Third-party depot, Bhiwandi, District Thane, Maharashtra
Fire Incident Disclosure Date:	5th October, 2024
Insurance Claim Lodgment Disclosure Date:	5th February, 2025
Repudiation Letter Received:	8th May, 2026 (via email attachment)
Regulation 30 Disclosure Date:	9th May, 2026

Repudiation Notice Details

The repudiation letter was communicated via email on 8th May, 2026, by Deepanshu Jindal, Administrative Officer at the General Claims Hub, Calcutta Regional Office I, National Insurance Company Limited. The email confirmed that the claim had been repudiated by the competent authority, with the repudiation letter also dispatched via post to the company's registered address. The disclosure to the exchanges was made by Abhijit Tikekar, Company Secretary & Head - Legal & CSR, on behalf of Veedol Corporation Limited.

Company's Response and Next Steps

Veedol Corporation has stated that it is currently evaluating all available options and remedies in the matter. In accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the company has committed to intimating any further material developments to the stock exchanges as and when they arise, in compliance with applicable laws.