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Latest news about Veedol Corporation

Veedol Corporation Announces Second Interim Dividend of ₹14 Per Share for FY26 2 hrs ago Yesterday

Veedol Corporation reported strong Q3FY26 financial performance with standalone revenue of ₹395.02 crores and consolidated revenue of ₹537.73 crores. The company achieved significant EBITDA margin improvement to 9.76% and declared a substantial second interim dividend of ₹14 per share for FY2025-26.

Veedol Corporation Appoints Hawsons Chartered Accountants as Statutory Auditor for UK Material Subsidiary 4 days ago

Veedol Corporation Director Brajesh Kumar Srivastava Resigns from Board Jan 16, 2026

Veedol Corporation Limited Completes Closure of German Subsidiary Veedol Deutschland GmbH Jan 15, 2026

Veedol Corporation Limited Receives ISO 31000:2018 Risk Management Certification Dec 11, 2025

More news about Veedol Corporation

06Dec 25

Veedol Corporation's UK Subsidiaries Face Auditor Resignation

M/s. SHORTS, Chartered Accountants, have resigned as statutory auditors for three UK-based subsidiaries of Veedol Corporation Limited, effective December 4, 2025. The affected entities include Veedol UK Limited (a material subsidiary), Veedol International Limited, and Granville Oil & Chemicals Limited. The auditors stated no concerns or circumstances requiring attention from company members or creditors. Veedol Corporation will need to appoint new auditors for these subsidiaries.

13Nov 25

Veedol Corporation Reports Robust Q2 FY26 Results with Rs. 378.70 Crore Revenue

Veedol Corporation Limited announced Q2 FY26 results with total income of Rs. 378.70 crores. Net profit increased 61.96% QoQ to Rs. 26.40 crores, and EPS rose to Rs. 15.52. Half-year income stood at Rs. 898.90 crores with Rs. 67.30 crores net profit. Operating profit margin decreased to 2.93%. Company declared interim dividend of Rs. 22 per share with record date of November 14, 2025.

12Nov 25

Veedol Corporation Declares Rs. 22 Interim Dividend, Sets Record Date for November 14

Veedol Corporation Limited has announced an interim dividend of Rs. 22 per equity share. The record date is set for November 14, 2025, with payment to be made within 30 days of declaration. The company has provided detailed TDS guidelines for different shareholder categories, including exemptions for residents with dividends under Rs. 10,000 annually. Non-residents may be eligible for beneficial rates under DTAA. Shareholders must submit required documents by November 14, 2025, for tax exemptions or prescribed rates.

11Nov 25

Veedol Corporation Reports Q2 Results and Declares Interim Dividend

Veedol Corporation Limited announced its financial results for the quarter ended September 30, 2025. The company reported standalone revenue of Rs 351.51 crores and profit of Rs 16.39 crores. Consolidated revenue stood at Rs 500.28 crores. The company declared a first interim dividend of 1100% (Rs 22 per equity share) for FY 2025-26. Financial results were submitted to stock exchanges on November 10, 2025.

16Oct 25

Veedol Corporation Appoints Abhijit Tikekar as Head - Legal, Strengthening Senior Management

Veedol Corporation Limited has appointed Shri Abhijit Tikekar as Head - Legal, effective October 16, 2025. Tikekar, an Associate Member of The Institute of Company Secretaries of India, brings 19 years of experience in legal affairs, corporate governance, and finance. He holds a Master of Commerce and Bachelor of Laws from Pune University and previously worked with Sandvik Group Legal in Stockholm, Sweden. This appointment aims to strengthen Veedol's legal and compliance framework in the oil industry.

13Oct 25

Veedol Corporation's Company Secretary Saptarshi Ganguly Resigns After 16-Year Tenure

Saptarshi Ganguly, Company Secretary of Veedol Corporation Limited (formerly Tide Water Oil Company), has resigned after 16 years of service. His last working day will be October 10, 2025, following an 85-day notice period. Ganguly's tenure saw significant achievements including the global acquisition of the 'Veedol' brand, establishment of overseas subsidiaries, implementation of corporate actions, and overseeing the company's name change. The resignation was disclosed under SEBI regulations, with the company acknowledging Ganguly's contributions.

24Sept 25

Veedol Corporation Unveils Two New Fully Synthetic Engine Oils in India

Veedol Corporation introduced 'SwiftPower' and 'SynthGlide', two new fully synthetic engine oils, in the Indian market on September 24, 2025. These products utilize EstoBioLides Technology and will initially be distributed domestically, with future plans for export. The launch was disclosed to stock exchanges in compliance with SEBI regulations.

17Sept 25

Standard Greases & Specialities Acquires 343,500 Equity Shares in Veedol Corporation

Veedol Corporation Limited announced that Standard Greases & Specialities Private Limited, a joint promoter, has acquired 343,500 equity shares. The disclosure was made on September 16, 2025, in compliance with SEBI regulations. The company's Secretary, Saptarshi Ganguli, confirmed the disclosure and its communication to both NSE and BSE.

13Sept 25

Veedol Corporation Approves Share Acquisition by Joint Promoter Standard Greases

Veedol Corporation's Committee of Directors has approved Standard Greases & Specialities Private Limited (SGSPL), a joint promoter, to acquire 871,200 equity shares. The transaction must be completed between September 15 and September 19, 2025. SGSPL currently holds 6,335,099 shares. The approval complies with SEBI regulations and the company's Code of Conduct for Prevention of Insider Trading.

28Aug 25

Veedol Corporation Seeks Shareholder Approval for New Director Appointment

Veedol Corporation Limited has initiated a postal ballot to appoint Brajesh Kumar Srivastava as a Non-Executive and Non-Independent Director. Srivastava, 57, has over 32 years of experience in various government ministries. The voting period is from August 29 to September 27, with results expected on September 27. Shareholders can vote through postal ballot or electronic voting, with August 27 as the cut-off date for voting rights.

26Aug 25

Veedol Corporation Appoints Brajesh Kumar Srivastava as Non-Executive Director

Veedol Corporation Limited has announced the appointment of Brajesh Kumar Srivastava as a Non-Executive and Non-Independent Director, effective August 26, 2025, subject to shareholder approval. Srivastava, with over 32 years of government service experience, is currently a Deputy Secretary in the Ministry of Heavy Industries. The appointment was approved by the Board of Directors and will be put to shareholder vote through a postal ballot. Srivastava brings expertise in policy formulation, implementation, operations, human resources, finance, and parliamentary matters.

15Aug 25

Veedol Corporation Reports 39% Drop in Q1 Net Profit

Veedol Corporation Limited, formerly Tide Water Oil Company (India) Ltd., announced a substantial decrease in Q1 financial performance. Total income dropped 3.2% to Rs 385.35 crore, while net profit after tax fell 39.2% to Rs 16.29 crore. Profit before tax declined 41.6% to Rs 19.70 crore, and total comprehensive income decreased 38.6% to Rs 16.25 crore. Earnings per share reduced to Rs 9.59 from Rs 15.76. Consolidated results showed stronger performance with total income at Rs 519.37 crore and net profit after tax at Rs 49.67 crore.

13Aug 25

Veedol Corporation Reports Mixed Q1 Results, Appoints New Director and Senior Management

Veedol Corporation Limited reported mixed Q1 financial results. Standalone profit declined 39.2% to Rs. 16.29 crores, while consolidated profit increased 33.8% to Rs. 49.67 crores. The company appointed Brajesh Kumar Srivastava as a Non-Executive Director and Dr. Manish Khodaskar as Sr. General Manager. Company Secretary Saptarshi Ganguly resigned. P G Bhagwat LLP was appointed as additional internal auditors. The Board approved the sale of Chennai office space for Rs. 2 crores.

22Jul 25

Veedol Corporation Director Vijay Mittal Steps Down Citing Time Constraints

Vijay Mittal, a Non-Executive and Non-Independent Director of Veedol Corporation Limited, has resigned from the board citing time constraints. Mittal submitted his resignation on July 14, 2025, which the company disclosed to stock exchanges on July 21, 2025. He expressed gratitude for his tenure and wished the company continued success. The board will consider his resignation in the upcoming meeting.

09Jun 25

Andrew Yule Successfully Completes 2% Stake Sale in Veedol Corporation

Andrew Yule & Company has successfully executed a 2% stake sale in Veedol Corporation Ltd. through an Offer for Sale (OFS) on June 9. The OFS involved 3.48 lakh equity shares with a floor price of ₹1,566.00 per share. Prior to the sale, Andrew Yule held a 26.23% stake in Veedol Corporation. This divestment could impact Andrew Yule's investment portfolio, Veedol's share liquidity, and investor interest in both companies.

28May 25

Veedol Corp Q4 Profit Surges 39%, Declares ₹22 Interim Dividend

Veedol Corp, a leading industrial lubricant manufacturer, reported impressive Q4 FY results. Net profit rose 39.2% to ₹597.00 million, revenue increased 8.8% to ₹5.30 billion, and EBITDA grew 41.2% to ₹672.00 million. The company's EBITDA margin improved to 12.63%. Veedol Corp also declared an interim dividend of ₹22.00 per equity share. Full-year results showed consistent growth with revenue up 4.51% and net profit increasing 24.69%.

23May 25

Veedol Corporation: Promoter Withdraws 2% OFS Due to Technical Glitch

Andrew Yule & Company Ltd., promoter of Veedol Corporation, has withdrawn its planned 2% equity Offer For Sale (OFS) due to technical complications in transferring shares to the NSE Clearing Corporation. The OFS, originally scheduled for May 23-26, 2025, with a floor price of ₹1,566.00 per share, has been postponed until further notice. No new date has been announced yet.