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.

Veedol Corporation Limited, formerly known as Tide Water Oil Company (India) Limited, has announced the resignation of its long-serving Company Secretary, Saptarshi Ganguly. The announcement comes as part of the company's disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Resignation

Highlights of Ganguly's Tenure

In his resignation letter, Ganguly reflected on his significant contributions to Veedol Corporation over the past 16 years. He highlighted several milestone achievements during his tenure:

1. Global acquisition of the 'Veedol' brand
2. Establishment of overseas subsidiaries and joint ventures
3. Implementation of corporate actions, including share sub-divisions and bonus issues
4. Introduction of an Employee Stock Option (ESOP) scheme
5. Overseeing the company's name change to Veedol Corporation Limited

Company's Response

Veedol Corporation Limited acknowledged Ganguly's resignation in a formal disclosure to the National Stock Exchange of India Ltd. and BSE Limited. The company's Managing Director, Arijit Basu, signed the disclosure, which included a copy of Ganguly's resignation letter as per regulatory requirements.

Ganguly's Farewell

In his parting message, Ganguly expressed gratitude to the Chairman of the Board, the Managing Director, and all other Directors for their support throughout his tenure. He also acknowledged the cooperation he received from his colleagues over the years.

Ganguly's resignation marks the end of a significant era for Veedol Corporation Limited. His extensive experience and involvement in key corporate actions have played a crucial role in the company's growth and transformation over the past 16 years.