Veedol Corporation Limited has issued comprehensive tax deduction at source (TDS) guidelines to shareholders regarding the second interim dividend of ₹14 per share for financial year 2025-26. The company communicated these guidelines on February 4, 2026, following the Board's approval of the dividend payment at their meeting held on February 2, 2026.

Dividend Payment and Record Date Details

The Board of Directors approved a second interim dividend of 700% for FY 2025-26, translating to ₹14 per ordinary share of face value ₹2 each. The dividend will be paid to shareholders whose names appear on the company's register as on the record date of February 6, 2026.

TDS Compliance Requirements

In accordance with the Income Tax Act, 1961 and Finance Act, 2020 provisions, the company will deduct tax at source on dividend payments at prescribed rates based on shareholder categories and residential status. The withholding tax rates vary depending on documentation submitted by shareholders.

Required Documentation

Shareholders must submit the following details for TDS compliance:

TDS Rates for Different Categories

Resident Shareholders

For resident individual shareholders, no tax will be deducted if the total dividend amount during FY 2025-26 does not exceed ₹10,000 or if they provide Form 15G/15H meeting eligibility conditions. Otherwise, TDS will be applied at 10% for shareholders with valid PAN or 20% for those without valid PAN.

Non-Resident Shareholders

Non-resident shareholders will face TDS at 20% plus applicable surcharge and cess. However, they can avail benefits under Double Tax Avoidance Treaty (DTAA) by submitting required documentation including Tax Residency Certificate, Form 10F, and self-declaration of eligibility.

Document Submission Process

Shareholders must submit tax-related documents to the Registrar and Transfer Agent at contact@mdplcorporate.com by February 11, 2026. The company will consider documents received after this deadline only at its sole discretion.

Electronic Payment Mandate

Following SEBI Master Circular dated May 7, 2024, dividend payments to shareholders holding physical shares will be made only through electronic mode after furnishing PAN, nomination details, contact information, bank account details, and specimen signature. Dividend will be withheld if KYC details are not updated.

Regulatory Compliance

The communication was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Abhijit Tikekar signed the disclosure on February 5, 2026, ensuring compliance with stock exchange notification requirements for both NSE and BSE.

The company emphasized that tax deducted will be final, and no claims will lie against the company for higher rate deductions due to incomplete documentation. Shareholders retain the option to claim refunds through their income tax returns if excess tax is deducted.

Veedol corporation Limited has appointed M/s. Hawsons Chartered Accountants as the statutory auditor for its UK-based material subsidiary, effective January 28, 2026. The appointment addresses the casual vacancy created following the resignation of the previous auditor in December 2025.

Auditor Appointment Details

The company disclosed that Veedol UK Limited (formerly Price Thomas Holdings Limited), along with Veedol International Limited and Granville Oil & Chemicals Limited, approved the auditor appointment in their respective board meetings held on January 28, 2026. The new appointment covers the financial year 2025-26 onwards.

Background and Context

The appointment follows the resignation of M/s. SHORTS, Chartered Accountants (ICAEW Firm Number: C005300514), which was previously disclosed to stock exchanges on December 6, 2025. The resignation affected multiple UK subsidiaries including the material subsidiary Veedol UK Limited, subsidiary Veedol International Limited, and step-down subsidiary Granville Oil & Chemicals Limited.

About the New Auditor

M/s. Hawsons Chartered Accountants brings substantial experience to the role, offering comprehensive accounting, audit, tax, and financial planning services. The firm has over 170 years of history in providing high-quality client service, positioning it well to handle the auditing requirements of Veedol Corporation's UK operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, read with Part A of Schedule III thereof. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this statutory auditor change as required under the regulations.

This appointment ensures continuity in the auditing processes for Veedol Corporation's UK subsidiaries and maintains compliance with regulatory requirements across jurisdictions.