NewsCorporate ActionsVeedol Corporation Declares Rs. 22 Interim Dividend, Sets Record Date for November 14Veedol Corporation Declares Rs. 22 Interim Dividend, Sets Record Date for November 14
Veedol Corporation Limited has announced an interim dividend of Rs. 22 per equity share. The record date is set for November 14, 2025, with payment to be made within 30 days of declaration. The company has provided detailed TDS guidelines for different shareholder categories, including exemptions for residents with dividends under Rs. 10,000 annually. Non-residents may be eligible for beneficial rates under DTAA. Shareholders must submit required documents by November 14, 2025, for tax exemptions or prescribed rates.
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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:
| Shareholder Category | TDS Rate | Conditions |
|---|---|---|
| Resident (Individual) | Nil | If aggregate dividend doesn't exceed Rs. 10,000 annually |
| Resident (with valid PAN) | 10% | For dividend exceeding Rs. 10,000 annually |
| Non-resident | 20% | Plus applicable surcharge and cess |
Non-resident shareholders may be eligible for beneficial rates under Double Tax Avoidance Agreements (DTAA) with proper documentation.
Important Dates and Procedures
- Document Submission Deadline: November 14, 2025
- Dividend Payment Method: Electronic transfer to shareholders' bank accounts
- 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.
Historical Stock Returns for Veedol Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.47% | +0.16% | -3.43% | -1.20% | -7.04% | -20.01% |
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