Outcome of Board Meeting

Date: 5th November, 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.: Outcome of 357th Board Meeting Time of Commencement : 10:30 A.M. Time of Conclusion : 07:00 P.M. The Board of Directors, at its meeting held on 5th November, 2026, resolved the following:- 1. Approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026, the Unaudited Standalone and Consolidated Statements of Assets and Liabilities as at 30th September, 2026 and the Unaudited Standalone and Consolidated Statements of Cash Flows for the half year ended 30th September, 2026, together with the Limited Review Reports on the Unaudited Financial Results for the quarter and half year ended 30th September, 2026, which are enclosed herewith. (Details in Annexure – I) 2. The Board took note of the resignation of Shri Rajendra Nath Ghosal, Managing Director (DIN: 00308865), (who was appointed in the Board Meeting held on 20th May, 2026 after the resignation of the previous Managing Director and pending identification of a suitable candidate for the position), w.e.f. close of business hours on Thursday, 19th November, 2026. (Details in Annexure – II) 3. The Board based on the recommendation of the Nomination and Remuneration Committee, appointed Shri Rohit Ghanshyamdas Totla (DIN: 10391749), as an Additional Director and Managing Director of the Company for a period of 5 (five) years, and consequently as a Key Managerial Personnel under the Companies Act, 2013, w.e.f. Friday, 20th November, 2026, subject to approval of the Members and such other approvals as may be required. (Details in Annexure – III) 4. The Board consequent to the resignation of Shri Rajendra Nath Ghosal as Managing Director and in the interest of continuity of management, pursuant to the recommendation of Nomination and Remuneration Committee of the Company has, re- designated him as President (Senior Management Personnel) w.e.f. Friday, 20th November, 2026 till the close of business hours on Wednesday, 31st March, 2027. (Details in Annexure – IV) 5. The Board approved circulation of Postal Ballot Notice in relation to obtaining approval of shareholders for appointment of Shri Rohit Ghanshyamdas Totla (DIN: 10391749) as Managing Director of the Company w.e.f. Friday, 20th November, 2026. (Details in Annexure – V) This is for your information and record. Thanking you, Yours faithfully, For VEEDOL CORPORATION LIMITED Abhijit Satish Tikekar Company Secretary and Head – Legal & CSR Membership No.: A20213 Encl.: As above VEEDOL CORPORATION LIMITED "Yule House", 8, Dr. Rajendra Prasad Sarani, Kolkata - 700 001; Ph: 033-71257700 Email: corporateaveedol.com; www.veedolindia.com; CIN - L23209WB1921PLC004357 of dal U dited Fi tal for the quarter and half year ended September 30, 2026 (Rs . in crores) uarter ended uarter ended Half year ended Half year ended coeaie 30, peaks gee ee 30, Seg anne 30, Seutembes 30, noe ai ans 6 NS ol .. Partic. ulars 2026 , 2025 2026 2025 ' Unaudited Unaudited Unaudited Unaudited Unaudited Audited I |Revenue from Operations (Including Other Operating Revenue} 440.65 392.30 351.51 832.95 724,28 1,546.96 II |Other Income 38.95 17.75 27.19 56.70 39. 77 115.49 I IL_|Total Income (I+I]) 479.60 410.05 378.70 889.65 764.05 1,662.45 IV |Expenses {a) Cost of Materials Consumed 312.09 235.95 169.23 548.04 383.44 831.17 (b) Purchases of Stock-in-trade 13.73 33.78 38.39 47.31 52.78 88.64 (c) Changes in Inventories of Finished Goods and Stock-in-Trade |(Increase)/ Decrease] (29.08) (39.17) 8.99 (68.25) 9.08 25,08 (d) Employee Benefits Expense 25.04 29.49 2T17 54.53 52.88 111.85 (e) Finance Costs 0.47 0.39 0.53 0.86 1,12 2,26 (f} Depreciation and Amortisation Expense 4.74 4.80 5.80 9.54 11.37 23.81 (g) Franchisee Fees 74.91 73.84 60.44 148.75 124.42 261.52 (h) Other Expenses 41.91 40.89 36.99 82.80 78.10 175.63 Total Expenses (IV) 443.81 379.97 347.54 823.78 7 13.19 1,519.96 V_| Profit before Exceptional Items and Tax (III-[V) 35.79 30.08 31.16 65.87 50.86 142.49 ‘VI | Exceptional Items - 7 - = - - VIL | Profit before Tax (V-VI) 35.79 30.08 31.16 65.87 50.86 142.49 VIII | Income Tax Expense: (1) Current Tax 1.49 4.45 5.00 5.94 8.65 13.63 (2) Current Tax in relation to earlier years - - - - - (3.92) (3) Deferred Tax (0.84) (0.55) (0.23) (1.39) (0.47) (2.38) IX_|Profit for the Period (VII-VIII) 35.14 26.18 26.39 61.32 42.68 135.16 X = |Other Comprehensive Income (i) Items that will not be reclassified to profit or loss 1.55 (0.41) (0.60) 1.14 (0.65) 10.67 a Income tax relating to items that will not be reclassified to profit or (0.39) 0.10 0.14 (0.29) 0.15 (2.68) XI |Total Comprehensive Income for the Period (IX+X} 36.30 25.87 25.93 62.17 42.18 143.15 XIL_|Paid-up Equity Share Capital 3.40 3.40 3.40 3.40 3.40 3.40 XIII_| Other Equity N.A. NA. N.A. N.A. N.A. 790.63 XIV |Earnings per Equity Share (of Rs. 2/- each) (not annualised) (1) Basic (Rs.) 20.68 15.40 15.52 36.08 25.11 79.53 (2) Diluted (Rs. 20.68 15.40 15.52 36.08 25.11 79.53 For Veedol Corporation Limited VEEDOL CORPORATION LIMITED "Yule House", 8, Dr. Rajendra Prasad Sarani, Kolkata - 700 001; Ph: 033-71257700 Email: corporate@veedol.com; www.veedolindia.com; CIN - L23209WB1921PLC004357 Note 1 - Standalone Unaudited Statement of Assets and Liabilities as at September 30, 2026 (Rs. in crores) As at As at Particulars September 30, 2026 March 31, 2026 Unaudited Audited I ASSETS 1. Non-Current Assets (a) Property, Plant and Equipment 110.94 111.80 (b) Right-of-use Assets 11.74 13:51 (c) Capital Work-in-Progress 3.35 3.49 (d) Investment Properties 3.82 3.83 (e) Intangible Assets 5.71 6.52 (0) Intangible Assets Under Development 0.44 0.30 (g) Financial Assets (i) Investments 215.13 815:13 (ii) Trade Receivables - (ili) Loans . - (iv) Other Financial Assets 3.81 6.32 (h) Non-Current Tax Assets (Net) 5.87 9.37 (i) Deferred Tax Assets (Net) 2.39 1.29 (j) Other Non-Current Assets 1.25 0.89 Total Non-Current Assets 364.45 372.45 2. Current Assets (a) Inventories 383.78 264.84 (b) Financial Assets (i) Trade Receivables 179.15 182.76 (ii) Cash and Cash Equivalents 46.86 117.69 (iii) Bank Balances other than (ii) above 66.32 36.50 (iv) Loans 0.01 15.01 (v) Other Financial Assets 5.45 23.22 (c) Current Tax Assets (Net) 13.00 1.14 (d) Other Current Assets 48.64 27.27 Current Assets excluding assets classified as held for sale 743.21 668.43 3. Assets classified as held for sale 1.19 2.01 Total Current Assets 744.40 670.44 Total Assets 1,108.85 1,042.89 Tl EQUITY AND LIABILITIES I; EQUITY (a) Equity Share Capital 3.40 3.40 (b) Other Equity 815.07 790.63 Total Equity 818.47 794.03 2. LIABILITIES (i) Non-Current Liabilities (a) Financial Liabilities (i) Lease Liabilities 7.91 10.50 (ii) Other Financial Liabilities 13.80 15.10 (b) Provisions 14.83 15.78 (c} Deferred Tax Liabilities (Net) - - Total Non-Current Liabilities 36.54 41.38 (ii) |Current Liabilities (a) Financial Liabilities (i) Borrowings 35.00 = (ii) Lease Liabilities 4.96 4.74 (iii) Trade Payables (A) Total Outstanding Dues of Micro and Small Enterprises 12.10 17.81 (B) Total Outstanding Dues of Creditors other than Micro 120.45 101.32 and Small Enterprises (iv) Other Financial Liabilities 47.10 48.43 (b) Provisions 8.69 8.86 (c) Current Tax Liabilities (Net) - - (d) Other Current Liabilities 17.84 18.62 ao Current Liabilities excluding Liabilities relating to assets classified as held for 246.14 199.78 3. Liabilities relating to assets classified as held for sale 7.40 7.70 Total Current Liabilities 253.84 207.48 Total Liabilities 290.38 248.86 Total Equity and Liabilities 1,108.85 1,042.89 For Veedol Corporation Limited R. N} Ghosal Managing|Director DIN: 00308865 Place: Mumbai ate: November 05, 2026 VEEDOL CORPOR [Showing first 8,000 characters — download PDF for full document]