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.

Veedol Corporation , a prominent player in the lubricant industry, has made a significant move in the Indian market with the launch of two new fully synthetic engine oils. The company officially introduced 'SwiftPower' and 'SynthGlide' on September 24, 2025, marking a notable expansion of its product portfolio.

Innovative Technology

Both SwiftPower and SynthGlide are developed using EstoBioLides Technology, showcasing Veedol's commitment to innovation in the lubricant sector. This advanced technology is expected to enhance the performance and efficiency of the new engine oils, potentially offering improved protection and longevity for vehicle engines.

Market Strategy

According to the company's disclosure to the stock exchanges, Veedol Corporation is initially focusing on the domestic market for these new products. The company stated, "The products will be distributed in the domestic market initially and thereafter export of the same will be explored in future." This phased approach suggests a strategic rollout plan, allowing Veedol to establish a strong presence in India before venturing into international markets.

Future Expansion Plans

While the current focus is on the Indian market, Veedol Corporation has indicated its intentions to explore export opportunities for SwiftPower and SynthGlide in the future. The specific countries for international expansion have not been determined yet, as per the company's statement.

Regulatory Compliance

The launch of these new products was disclosed to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency in communication demonstrates Veedol Corporation's adherence to regulatory standards and commitment to keeping investors informed about significant developments.

Market Impact

The introduction of SwiftPower and SynthGlide could potentially strengthen Veedol Corporation's position in the competitive lubricant market. As fully synthetic engine oils, these products are likely to cater to the growing demand for high-performance lubricants in India's automotive sector.

Investors and industry observers will be keenly watching how these new products perform in the market and their impact on Veedol Corporation's financial performance in the coming quarters.