Veedol Corporation Limited has received credit rating affirmation from CARE Ratings Limited for its comprehensive bank facilities portfolio. The company disclosed the rating assignment on February 5th, 2026, in compliance with SEBI regulations for listed entities.

Credit Rating Details

CARE Ratings Limited has affirmed strong credit ratings for Veedol Corporation's bank facilities across different categories:

The ratings are valid for a period of one year from the date of initial communication, effective from January 02, 2026.

Banking Relationships and Facility Structure

The company maintains diversified banking relationships across multiple leading financial institutions. The long-term facilities of ₹12.00 crore comprise cash credit arrangements with HDFC Bank Limited (₹8.00 crore) and Union Bank of India (₹4.00 crore).

The long-term/short-term facilities totaling ₹87.00 crore are distributed among:

Regulatory Compliance and Disclosure

The rating disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular dated July 13th, 2023. The company has made the rating information available on its website at www.veedolindia.com for stakeholder reference.

CARE Ratings reserves the right to undertake surveillance and review of the rating periodically, with at least one review annually. The rating reflects the agency's assessment of the company's creditworthiness and ability to service its debt obligations in a timely manner.

Source:

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.