Veedol Corporation Limited (formerly Tide Water Oil Co. (India) Ltd.) has announced an interim dividend of Rs. 22 per equity share. The company's Board of Directors made this decision during their meeting on November 10, 2025.

Key Details of the Dividend Declaration

• Dividend Amount: Rs. 22 per equity share (face value Rs. 2 each)
• Record Date: November 14, 2025
• Payment Timeline: Within 30 days of declaration

Tax Implications for Shareholders

The company has provided detailed guidelines on tax deduction at source (TDS) applicable to different categories of shareholders:

Non-resident shareholders may be eligible for beneficial rates under Double Tax Avoidance Agreements (DTAA) with proper documentation.

Important Dates and Procedures

1. Document Submission Deadline: November 14, 2025
2. Dividend Payment Method: Electronic transfer to shareholders' bank accounts
3. Tax Exemption Forms: Various forms (15G/15H/10F) must be submitted by the deadline for claiming lower or nil TDS rates

Veedol Corporation has emphasized that shareholders should submit fresh documents for the financial year 2025-26, even if similar documents were submitted earlier. This ensures proper record maintenance and accurate identification of eligible shareholders for tax exemptions or prescribed rates.

The company also noted that in case of higher tax deduction due to non-receipt or insufficiency of required documents, shareholders have the option to file income tax returns and claim appropriate refunds if eligible.

Veedol Corporation Limited has advised shareholders to consult with their tax advisors for provisions applicable to their particular circumstances. The company will be obligated to deduct tax at source based on the records made available by the depositories for shares held in electronic mode and from the Registrar and Transfer Agent for shares held in physical mode.

This dividend declaration demonstrates Veedol Corporation's commitment to delivering value to its shareholders, while also ensuring compliance with tax regulations.

Veedol Corporation Limited, a prominent player in the oil industry, has announced a significant addition to its senior management team. The company has appointed Shri Abhijit Tikekar as Head - Legal, effective October 16, 2025. This strategic move aims to bolster the company's legal affairs and corporate governance framework.

Key Appointment Details

Professional Background

Shri Abhijit Tikekar brings a wealth of experience and qualifications to his new role at Veedol Corporation:

• Bachelor of Laws (LLB), Pune University
• Pursuing ACCA (Final level) from Association of Chartered Certified Accountants of the UK | | Years of Experience | 19 years | | Areas of Expertise | Company Secretarial Functions, Legal Affairs, Finance, M&A, Statutory Compliances, Corporate Governance | | Previous Role | Sandvik Group Legal at Stockholm, Sweden |

Implications for Veedol Corporation

The appointment of Shri Abhijit Tikekar as Head - Legal is expected to strengthen Veedol Corporation's legal and compliance framework. His extensive experience in various domains, including company secretarial functions, legal affairs, and corporate governance, aligns well with the company's needs as it navigates the complex regulatory landscape of the oil industry.

Tikekar's international exposure, particularly his previous role with Sandvik Group Legal in Stockholm, Sweden, may bring a global perspective to Veedol Corporation's legal strategies. This could be particularly valuable as the company potentially explores international markets or deals with cross-border legal issues.

The company's decision to appoint Tikekar to this senior management position underscores its commitment to maintaining robust legal and compliance practices. As businesses face increasing regulatory scrutiny, having a seasoned professional at the helm of legal affairs may help Veedol Corporation navigate challenges and capitalize on opportunities within the legal framework of its operations.

Veedol Corporation's proactive approach in strengthening its senior management team with this strategic appointment may be seen as a positive signal by stakeholders, potentially enhancing confidence in the company's governance practices.

As Shri Abhijit Tikekar assumes his new role, the industry will be watching closely to see how his expertise and experience contribute to Veedol Corporation's legal strategies and overall corporate governance in the coming years.