Veedol Corporation Ltd

Financing action

• Unsecured short-term loan up to Rs 10 crore to Andrew Yule & Company Limited for 2026-27.
• Repayment to be completed by 31 March 2027; interest at 12% per annum.
• Purpose: working capital.
• No collateral; formal loan documents to be executed later.
• Total loan sanctioned: Rs 10 crores for 2026-27.
• Promoter relationship: Andrew Yule & Company Limited is promoter; Veedol holds no stake in AYCL.
• AYCL holds 24.30% of Veedol's shares.
• Transaction is related party and at arm's length.
• Previous AYCL loan 2025-26 repaid.

Restrictions

• Trading window closed for designated persons and immediate relatives from 1 October 2026.
• PAN freezing at security level through NSDL applies to designated persons and related parties.

Postal ballot results

• Resolutions in Postal Ballot Notice dated 15 Aug 2026 approved by shareholders.
• Resolutions passed with requisite majority by remote e-voting.
• Newspaper advertisements published in The Telegraph (English) and Aajkaal (Bengali) on 22 Sep 2026.
• Advertisements to be available on Veedol's website.
• This disclosure is for information and records.

Resolution No.1: Ordinary related party transaction with Standard Greases & Technologies Pvt Ltd

• Resolution: Ordinary; approve related party transaction up to Rs 650 crore with Standard Greases & Technologies Pvt Ltd.
• Period: one year from 16 August 2026 to 15 August 2027.
• Outcome: Approved; 144,889 in favour (96.97%), 4,528 against (3.03%).
• Related party votes were invalid for calculation.
• Material impact: no share capital change; related party approval obtained.

Key AGM disclosures

• Transcript of the 103rd AGM held 24 August 2026 via video conferencing.
• Name changed from Tide Water Oil Company (India) Limited to Veedol Corporation Limited.
• Standalone revenue ₹1,546.96 crore; PAT ₹135.16 crore; EPS ₹79.53.
• Consolidated revenue ₹2,168.54 crore; PAT ₹191.62 crore.
• Resolution 2: interim dividends approved and final dividend declared for FY2025-26.
• Resolution 3: reappoint Director Ananta Mohan Singh.
• Resolution 4: appoint Rajendra Nath Ghosal as Director (1 Jun 2026–31 Mar 2027).
• Resolution 5: appoint Rajendra Nath Ghosal as Managing Director (1 Jun 2026–31 Mar 2027).
• Granville brand remains UK-focused; no India launch planned.
• Audit opinions: statutory and secretarial audits issued unqualified reports.

ESG rating disclosure

• CRISIL independently prepared ESG rating 'Crisil ESG 61' (Strong) for FY2025-26; Veedol did not engage CRISIL.
• Rating published on CRISIL's ESG site; disclosure clarifies ESG rating is distinct from credit rating.
• ESG rating data pertain to FY2025-26 and publicly available information.
• A copy of the disclosure will be available on Veedol's website.

AGM Details

• Date and time: 24 August 2026, 11:00 AM IST; mode: VC/OAVM.
• Record date for voting: 17 August 2026.
• Remote e-voting window: 21–23 August 2026.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Adopt financial statements and reports; ordinary; passed.
• Resolution 2 (Ordinary): Declare final dividend for year ended 31 March 2026; passed.
• Resolution 3 (Ordinary): Re-appoint Ananta Mohan Singh by rotation; passed.
• Resolution 4 (Ordinary): Appoint Shri Rajendra Nath Ghosal as Director; passed.
• Resolution 5 (Special): Appoint Shri Rajendra Nath Ghosal as Managing Director; passed.
• Resolution 6 (Ordinary): Related party transactions with Standard Greases & Specialities Pvt Ltd; passed.
• Resolution 7 (Ordinary): Related party transactions with ENEOS VCL India Pvt Ltd; passed.
• Resolution 8 (Ordinary): Ratify Cost Auditors remuneration for FY 2026–27; passed.

Directors and management changes

• Rotation-based re-appointment of Ananta Mohan Singh approved.
• Director appointment: Shri Rajendra Nath Ghosal approved.
• MD appointment: Shri Rajendra Nath Ghosal as MD approved (Jun 2026–Mar 2027).

Auditors

• Cost Auditors remuneration ratified for FY 2026–27.

Material related party transactions

• RPT with Standard Greases & Specialities Pvt Ltd for goods/services; approved.
• RPT with ENEOS VCL India Private Limited for goods/services; approved.

AGM details

• Date: 24 August 2026; Time: 11:00 a.m.; Mode: VC/OAVM.
• Attendance: 58 members via VC/OAVM.

Key resolutions

• Adopt Statement of Profit and Loss, Balance Sheet, and reports of Board and Auditors for FY2026.
• Confirm interim dividends and declare final dividend for FY2026.
• Re-appoint Ananta Mohan Singh as director retiring by rotation.
• Appoint Rajendra Nath Ghosal as Director.
• Approve Rajendra Nath Ghosal as Managing Director from 1 Jun 2026 to 31 Mar 2027.
• Approve related party transactions with Standard Greases & Specialities Private Limited.
• Approve related party transactions with ENEOS VCL India Private Limited.
• Ratify remuneration for Cost Audit FY2026-27: Rs 3.00 lakhs plus expenses.

Voting outcomes

• Outcome not disclosed; combined results to be posted within 2 working days.

Dividend details

• Final dividend proposed for FY2026; interim dividends already paid.

Related party transactions

• Standard Greases & Specialities Private Limited: sale/purchase of goods and services.
• ENEOS VCL India Private Limited: sale/purchase of goods and services.

Cost audit remuneration

• Remuneration ratified for Cost Audit FY2026-27: Rs 3.00 lakhs plus expenses.

Director changes

• Re-appointment of Ananta Mohan Singh as director (retiring by rotation).
• Appointment of Rajendra Nath Ghosal as Director.
• Appointment of Rajendra Nath Ghosal as Managing Director (1 Jun 2026–31 Mar 2027).