General Updates

Date: 21st September, 2026 National Stock Exchange of India Limited (Scrip ID – VEEDOL) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Fax No. (022) 2659 8120 BSE Limited (Scrip Code – 590005) P. J. Towers, Dalal Street, Mumbai – 400 001 Fax No. (022) 2272 1919 Dear Sir(s), Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended – Transcript of the 103rd Annual General Meeting (AGM) of the Company held on Monday, 24th August, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, please find enclosed herewith the Transcript of discussion held during the 103rd Annual General Meeting (AGM) of the Company held on Monday, 24th August, 2026. A copy of this disclosure will be available at the official website of the Company at www.veedolindia.com. This is for your information and records. Thanking you, Yours faithfully, For VEEDOL CORPORATION LIMITED Abhijit Satish Tikekar Company Secretary and Head – Legal & CSR Membership No.: A20213 Encl.: As above. TRANSCRIPT OF THE 103rd ANNUAL GENERAL MEETING OF VEEDOL CORPORATION LIMITED HELD ON MONDAY, 24th AUGUST, 2026 THROUGH VIDEO CONFERENCING / OTHER AUDIO VISUAL MEANS Shri Abhijit Tikekar, Company Secretary Dear Members, I welcome you all to the 103rd AGM of Veedol Corporation Limited [formerly Tide Water Oil Company (India) Limited]. This annual general meeting is being held through Video Conferencing / Other Audio Visual means. Members are requested to refer to the instructions provided in the notice for attending the AGM through video conference and other audio visual modes for seamless participation. In case members face any difficulty, they may reach out on the helpline numbers. We have taken all the necessary steps to ensure that the shareholders are able to attend and vote at the meeting in a seamless manner. For smooth conduct of the meeting, members will be kept on mute mode. In relation to the members who have pre-registered as speaker shareholders to speak at the AGM, the audio and video will be enabled when the question answer session begins on the instruction of the chairman. Speaker shareholders are requested to speak as per the sequence that is set for and keep their speech limited to two minutes and cooperate. If any speaker cannot be reached due to any connectivity issues, we will call him or her again after other speakers. Participation of members through video conference is being recorded for the purpose of quorum as per the circulars issued by MCA and Section 103 of the Companies Act, 2013. I now request NSDL to kindly state the number of attendees in this 103rd Annual General Meeting. NSDL please intimate the number of members attending. Tech Support, NSDL 38, sir. Shri Abhijit Tikekar, Company Secretary Thank you. Now, I'll request Shri D. S. Chandavarkar, chairman, to commence the proceedings of this Annual General Meeting since the requisite quorum is present. Over to you, sir. Shri D. S. Chandavarkar, Chairman Respected Board Members, our dear Shareholders, Ladies and Gentlemen. A very good morning to all of you and welcome you all to the 103rd AGM of your company. As confirmed by the Company Secretary, since the requisite quorum is present through video conference at this meeting, therefore I call this meeting to order. Let me introduce you to the members of the board and senior management present with us today. To my right is Mr. R. N. Ghoshal, Managing Director. Sitting extreme left to me is Mr. Praveen Kadle and Mr. Vinod Vyas. And I also take the opportunity to introduce you to the directors who are present online. Shri Ananta Mohan Singh, Director, is attending AGM from Kolkata. Shri K. M. Saletore, Independent Director and Chairman of the Audit Committee, is attending the AGM from Pune and Dr. N. R. Gokarn, Independent Director and Chairman of Nomination and Remuneration Committee, is attending AGM from Delhi. Shri Subir Das, Independent Director and Chairman of the Risk Committee, is attending AGM from Kolkata. I wish to inform that Smt. B. S. Sihag and Shri Kulbhushan Malhotra could not attend this meeting on account of unavoidable circumstances. Apart from the board members, we have Shri Upendra Gadre to my right, Group CFO and Shri Abhijit Tikekar, Company Secretary and Head - Legal & CSR, who is also present at my left. Representatives of the Statutory Auditors, Secretarial and Corporate Governance Auditor, have also logged in to attend this meeting online. We have sufficient quorum of members present for the Annual General Meeting. Participation of members through video conference is being recorded for the purpose of quorum as per circulars issued by MCA, Section 103 of Companies Act, 2013. Now I request Company Secretary to elaborate about the arrangements made for the members at the 103rd Annual General Meeting. Thank you. Abhijit. Over to you. Shri Abhijit Tikekar, Company Secretary Thank you, sir. As stated earlier, this 103rd Annual General Meeting of Veedol Corporation Limited is being held through Video Conference via NSDL platform in accordance with the circulars issued by the Ministry of Corporate Affairs, applicable provisions of the Companies Act, 2013 and the SEBI listing regulations. As the AGM is being held through Video Conference, the facility of appointing proxies by the members is not applicable. Registers required under the Act for inspection are available at the website of NSDL for members to inspect electronically. In accordance with the provisions of the Companies Act and the SEBI Listing Regulations, the members have been provided with the facility to exercise their right to vote by electronic means through remote e-voting facility and the same will also be available during the AGM after conclusion of the ongoing proceedings. Remote e-voting facility was made available to all the Members holding shares as on the cut-off date, i.e., Monday, 17th August, 2026, during the period commencing from 10 A.M. IST on Friday, 21st August, 2026, till 5 P.M. IST on Sunday, 23rd August, 2026. I now request Chairman to continue with the proceedings of the meeting. Over to you sir. Shri D. S. Chandavarkar, Chairman Thank you Abhijit. I am happy to inform you that your Company has prepared its Annual Report for 2025-26. You have sent the Annual Report along with the notice of the Annual General Meeting through e-mail to all shareholders who have got their e-mail addresses registered and through physical mode to others who have requested for the same. With the permission of the members The annual report and notice are being taken as read. The statutory auditors and secretarial auditors have expressed unqualified opinions in their respective audit reports for the financial year 2025-26. There were no qualifications, observations or adverse comments on the financial statements and matters which have any material bearing on the functioning of the company and therefore the auditor's report is not required to be read. As referred earlier, it is understood that annual report containing the director's report and audited account for year 2025-26 has been with you for some time now and I am sure you have had the opportunity of going through the same as statutory required to be notified. I, with your permission, take the same as read. Now, I shall take you through the performance and operations of the company. Dear Shareholders, Members of the Board, Colleagues and Friends. Good morning and welcome to the 103rd Annual General Meeting of Veedol Corporation Limited. As we mark this milestone, I want to thank each of you for the trust you continue to place in this company and the direction we have set for it. The year gone by unfolded in a world that remained watchful and uneven. The global economy grew in CY 2025, but grow [Showing first 8,000 characters — download PDF for full document]