Veedol corporation Limited has announced the resignation of a senior management personnel, marking a significant change in its leadership structure. The company disclosed this development in compliance with regulatory requirements on March 10, 2026.

Senior Management Departure

Dr. Manish Khodaskar, who served as Head HR, Admin & CSR at Veedol Corporation Limited, has tendered his resignation from the company. His departure will be effective from the close of business on April 8, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and changes in senior management positions.

The company has indicated that additional documentation as prescribed under Schedule III of Part A Para 7(c) of Industrial Standard on Regulation 30 will be disclosed within the specified timeline. Abhijit Tikekar, Company Secretary & Head Legal with Membership No. A20213, signed the disclosure document.

Company Information

Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, operates as an ISO 9001:2015 certified company. The company maintains its listing on both major Indian stock exchanges - NSE and BSE - ensuring transparency and regulatory compliance in all material disclosures.

Veedol Corporation Limited has issued a postal ballot notice dated February 13, 2026, seeking shareholder approval for the appointment of Shri Kulbhushan Malhotra as a Non-Executive Director. The company has initiated the process to formalize his appointment through remote electronic voting, following regulatory requirements under SEBI listing obligations.

Director Appointment Details

The postal ballot seeks approval for the appointment of Shri Kulbhushan Malhotra (DIN: 11507259) as a Non-Executive and Non-Independent Director of the company. The Board of Directors had initially appointed him as an Additional Director on February 3, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Professional Background

Shri Kulbhushan Malhotra brings extensive experience in government service spanning over 34 years. His professional qualifications include an M.A. in Public Administration from Indira Gandhi National Open University (IGNOU) and a Bachelor of Administration from University of Delhi.

Key Professional Highlights:

• Currently serving as Deputy Secretary in the Ministry of Heavy Industries since October 2025
• Previously served as Under Secretary in the Ministry of Communications, Department of Telecommunications, for over two years
• Worked in the Department of Personnel & Training (DoPT) for more than nine years
• Acts as Nominee Director on the Board of Andrew Yule and Company Limited
• Expertise encompasses policy formulation, implementation, operations, human resource management, and financial administration

E-Voting Process and Timeline

The company has appointed Shri Manoj Prasad Shaw, Practicing Company Secretary (FCS No. 5517), as the Scrutinizer to conduct the postal ballot process. The voting will be conducted exclusively through remote e-voting using NSDL's platform.

Shareholder Eligibility and Communication

Only shareholders whose names appear in the Register of Members or beneficiaries' list of Depositories as on the cut-off date of February 6, 2026, are eligible to vote. The postal ballot notice is being sent exclusively through electronic mode to shareholders who have registered their email addresses with the company, its Registrar and Transfer Agent (Maheshwari Datamatics Pvt Ltd), or depositories.

Important Notes for Shareholders:

• Hard copies of the postal ballot notice will not be sent
• Shareholders must vote through remote e-voting only
• The notice is available on the company's website at www.veedolindia.com
• Voting rights will be proportionate to shareholding in the paid-up equity share capital

Regulatory Compliance

The appointment seeks to comply with Regulation 17(1C)(a) of SEBI Listing Regulations, which requires listed entities to obtain shareholder approval for board appointments at the next general meeting or within three months from the appointment date, whichever is earlier. The company has received the requisite notice under Section 160 of the Companies Act, 2013, proposing Malhotra's candidature for directorship.

Results and Disclosure

The voting results will be communicated to stock exchanges (NSE and BSE) within 48 hours of the e-voting conclusion. Results will also be made available on the company's website, NSDL's e-voting portal, and displayed at the company's registered office. The Scrutinizer's decision on vote validity will be final, and if approved by requisite majority, the resolution will be deemed passed on March 17, 2026.