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.

Veedol Corporation Limited has announced the resignation of Mr. Sanjeev Wangoo from his position as Executive Director – Group Supply Chain Management, effective April 17, 2026. The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 21, 2026.

Executive Leadership Change

The resignation represents a significant change in the company's executive leadership structure. Mr. Wangoo held the position of Executive Director for Group Supply Chain Management, a role that encompasses critical operational responsibilities within the organization's supply chain operations.

Formal Resignation Letter

In his formal resignation letter dated April 17, 2026, Mr. Wangoo addressed the Board members and Managing Director directly. He acknowledged the privilege of serving the organization and contributing to its growth and success during his tenure. The resignation letter emphasized his gratitude for the trust, support, and opportunities provided by the Board and Managing Director throughout his time with the company.

Decision Rationale and Transition

Mr. Wangoo stated that his decision was made after careful consideration and was based on personal and professional reasons. He has committed to ensuring a smooth transition of his responsibilities and pledged to extend full cooperation during the handover process. In his resignation letter, he expressed sincere appreciation to the Board, Managing Director, and colleagues for their guidance and support.

Regulatory Compliance and Corporate Structure

Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, filed this disclosure in compliance with Sub-Para 7C of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company operates as an ISO 9001:2015 certified organization with CIN: L23209WB1921PLC004357.