Veedol Corporation Limited (formerly Tide Water Oil Co. (India) Ltd.) has announced a significant development in its shareholding structure. The company received a disclosure from Standard Greases & Specialities Private Limited, a joint promoter, regarding the acquisition of 343,500 equity shares.

Disclosure Details

The disclosure, received on September 16, 2025, was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011, as amended. Veedol Corporation promptly informed both the National Stock Exchange (NSE) and BSE Limited about this share acquisition by its joint promoter.

Regulatory Compliance

The company's Company Secretary, Saptarshi Ganguli, confirmed the receipt of the disclosure and its subsequent communication to the stock exchanges. This move aligns with the regulatory requirements for transparency in substantial share acquisitions.

About Veedol Corporation

Veedol Corporation Limited, previously known as Tide Water Oil Co. (India) Ltd., is listed on both the NSE and BSE. The company operates in the lubricants and specialty oils sector, with Standard Greases & Specialities Private Limited being one of its joint promoters.

This share acquisition underscores the dynamic nature of corporate ownership and the importance of timely disclosures in maintaining market transparency. Shareholders and potential investors are advised to keep an eye on any further announcements from the company regarding changes in its shareholding structure.

Veedol Corporation Limited , a prominent player in the oil and lubricants industry, has made a significant announcement regarding its shareholding structure. The company's Committee of Directors has given the green light for a substantial share acquisition by one of its joint promoters.

Key Details of the Approval

On September 13, 2025, Veedol Corporation's Committee of Directors approved a pre-dealing application submitted by Standard Greases & Specialities Private Limited (SGSPL), a joint promoter of the company. The approval grants SGSPL permission to acquire 871,200 equity shares of Veedol Corporation.

Timeline for the Transaction

The approved transaction comes with a specific timeframe for execution:

• Approval Date: September 13, 2025
• Transaction Window: 5 trading days from September 15 to September 19, 2025
• Deadline: The share acquisition must be completed by September 19, 2025

Current Shareholding and Proposed Acquisition

According to the pre-dealing application submitted by SGSPL:

Market Information

As of the application date (September 12, 2025), the market prices for Veedol Corporation's shares were:

Regulatory Compliance

This share acquisition approval aligns with the regulations set forth by the Securities and Exchange Board of India (SEBI), particularly the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's own Code of Conduct for Prevention of Insider Trading.

The approval process and disclosure demonstrate Veedol Corporation's commitment to transparency and adherence to regulatory requirements in matters of share transactions by promoter entities.

Investors and market watchers will likely keep a close eye on this transaction, as it represents a significant move by one of Veedol Corporation's joint promoters to increase their stake in the company. The successful completion of this acquisition could potentially impact the company's shareholding pattern and may be seen as a vote of confidence in Veedol Corporation's future prospects by its promoter group.