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.

Veedol Corporation has specified the tax deduction at source (TDS) rates applicable to the final dividend of Rs. 22 per share recommended for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the Annual General Meeting scheduled for August 24, 2026. The record date for determining shareholder eligibility is July 17, 2026.

The Board of Directors recommended the dividend at its meeting held on May 20, 2026. The company will deduct tax at source in accordance with the provisions of the Income-tax Act, 2025, based on the category of the shareholder and the documentation provided.

TDS Rates for Resident Shareholders

For resident shareholders, the standard TDS rate is set at 10% on the dividend amount, provided a valid Permanent Account Number (PAN) is available. If the PAN is invalid, inoperative, or not registered, the TDS rate increases to 20%. Tax will not be deducted if the aggregate dividend distributed to a resident individual during the financial year does not exceed Rs. 10,000. Additionally, resident individuals can submit Form 121 to claim exemption from TDS, subject to eligibility conditions.

Resident non-individuals, such as insurance companies and mutual funds, may qualify for a nil withholding rate upon submission of specific self-declarations and supporting documents, including PAN and registration certificates.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders, including Foreign Portfolio Investors, are subject to a withholding tax of 20% plus applicable surcharge and cess. To avail of a lower rate under the Double Tax Avoidance Agreement (DTAA), non-resident shareholders must submit a Tax Residency Certificate, a digitally generated Form 41, and a self-declaration confirming DTAA eligibility. Shareholders who are tax residents of Notified Jurisdictional Areas will face a higher TDS rate of 30% plus surcharge and cess.

The company has established a cut-off period of August 19, 2026, for the submission of all tax-related documents. Documents received after this date will be accepted at the sole discretion of the company.

Applicable TDS Rates Summary

Shareholders holding shares in physical form must ensure their KYC details, including PAN and bank account information, are updated to receive dividend payments electronically. Failure to update these details will result in the withholding of the dividend.