Financial Results for the Quarter ended June 30, 2026.

Date: 10th August, 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 355th Board Meeting Time of Commencement : 2:30 P.M. Time of Conclusion : 9:30 P.M. The Board of Directors, at its meeting held on 10th August, 2026, resolved the following:- 1. Approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter ended 30th June, 2026. Limited Review Reports on the Unaudited Financial Results for the quarter ended 30th June, 2026, have also been taken on record. (Details in Annexure I) 2. Pursuant to the Regulation 30 read with Schedule III of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has received intimation from Standard Greases and Specialities Private Limited ("SGSPL"),on 10th August, 2026 (“the acquirer”), forming part of Promoter and Promoter Group, regarding acquisition of equity shares of the Company by way of an off-market inter-se transfer between entities forming part of the promoter and promoter group. The proposed acquisition is being undertaken pursuant to the Composite Scheme of Arrangement involving the amalgamation of Janus Consolidated Finance Private Limited ("Transferor Company") with Standard Greases and Specialities Private Limited ("Transferee Company"): Date of Name of the Name of the No. of Equity shares Percentage of proposed Transferor Transferee proposed to be Holding of acquisition (Belongs to (Belongs to transferred proposed share Promoter Promoter group) (%) group) (Acquirer) 14th August, Janus Standard Greases The Acquirer will acquire 1.69% of the 2026 Consolidated and Specialities 2,95,000 (Two Lakh total paid-up Finance Private Private Limited Ninety Five Thousand) Equity Share Limited ("SGSPL") Equity Shares of the capital of the ("Janus") target company from target company Janus Consolidated Finance Private Limited (“Janus”). TOTAL 2,95,000 1.69 This being an inter-se transfer of shares amongst promoter and promoter group, the proposed transaction falls within the exemption under Regulation 10(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”). The said transfer of Equity shares shall be an off-market transaction amongst Promoter & Promoter Group. The Aggregate holding of Promoter and Promoter group before and after the above inter-se transaction remains the same. In this connection, necessary disclosure under Regulation 10(5) for the above said acquisition in prescribed format, as submitted by the acquirer is enclosed herewith for your kind information and records. This is for your information and records. Thanking you, Yours faithfully, For VEEDOL CORPORATION LIMITED [formerly Tide Water Oil Company (India) Limited] Abhijit Tikekar Company Secretary and Head – Legal & CSR Membership No.: A20213 Encl.: As above. VEEDOL CORPORATION LIMITED [FORMERLY TIDE WATER OIL CO. (INDIA) LIMITED] "Yule House", 8, Dr. Rajendra Prasad Sarani, Kolkata - 700 001; Ph: 033-71257700 Email: corporate#veedol.com; www.veedolindia.com; CIN - L23209WB1921PLC004357 Statement of Standalone Unaudited Financial Results for the quarter ended June 30, 2026 (Rs. in crores) Quarter ended eee at toes 6 Quarter ended Year ended SL June 30, 2026 (Refer Note 5) June 30, 2025 March 31, 2026 No. Particulars Unaudited Unaudited Unaudited Audited | |Revenue from Operations (Including Other Operating Revenue) 392.30 427.66 372.77 1,546.96 Il |Other Income 17.75 37.78 12.58 115.49 lll | Total Income (I+II) 410.05 465.44 385.35 1,662.45 IV |Expenses (a) Cost of Materials Consumed 235.95 226.07 214.21 831.17 (b) Purchases of Stock-in-trade 33.78 18.21 14.39 88.64 (c) Changes in Inventories of Finished Goods and Stock-in-Trade {(Increase)/ Decrease] (39.17) 16.96 0.09 25.08 (d) Employee Benefits Expense 29,49 30.31 29001, 111.85 (ec) Finance Costs 0.39 0.69 0.59 2.26 () Depreciation and Amortisation Expense 4.80 6.49 5.97 23.81 (g) Franchisee Fees 73,84 68,94 63.98 261.52 (h) Other Expenses 40.89 53,68 41.11 175.63 Total Expenses (IV) 379.97 421.35 365.65 1,519.96 V_ |Profit before Exceptional [tems and Tax (III-IV) 30.08 44,09 19.70 142.49 VI |Exceptional Items - = - - VII | Profit before Tax (V-VI) 30.08 44,09 19.70 142.49 VIII | Income Tax Expense: (1) Current Tax 4.45 0.83 3.65 13.63 (2) Current Tax in relation to earlier years - (3.92) & (3.92) (3) Deferred Tax (0.55) (1.66) (0.24) (2.38) IX |Profit for the Period (VII-VIII) 26.18 48.84 16,29 135.16 X |Other Comprehensive Income (i) Items that will not be reclassified to profit or loss (0.41) 11.65 (0.05) 10.67 te Income tax relating to items that will not be reclassified to profit or 0.10 (2.91) 0.01 (2.68) XI |Total Comprehensive Income for the Period (IX+X) 25.87 57.58 16.25 143.15 XII |Paid-up Equity Share Capital 3.40 3.40 3.40 3.40 XIIL | Other Equity N.A. N.A. N.A. 790.63 XIV |Earnings per Equity Share (of Rs. 2/- each) (not annualised) (1) Basic (Rs.) 15.40 28.74 9.59 79,53 (2) Diluted (Rs.) 15.40 28.74 9.59 79.53 NOTES: 1 The Standalone Unaudited Financial Results for the quarter ended June 3 0, 2026 (‘Statement’) have been prepared in accordance with Indian Accounting} Standards (‘Ind AS’) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The same were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 10, 2026. The Statutory Auditor has carried out a Limited Review of the Standalone Unaudited Financial Results for the quarter ended June 30, 2026. 2 The Government of India on November 21, 2025 consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, viz., Code on Wages 2019, Code on Social Security 2020, Industrial Relations Code 2020 and Occupational Safety, Health and Working Conditions Code 2020 (‘New Labour Code), The Ministry of Labour & Employment has published Central Rules and FAQs to enable assessment of the financial impact due to notification of New Labour Codes. The Company has restructured salary of office staff effective March 23, 2026 and accounted the incremental impact due to in application of new wage code regulations in line with requirements of the guidance provided by the Institute of Chartered Accountants of India. Increase employee benefit payable as on March 31, 2026 consequent to the aforesaid change aggregating Rs. 2.60 crores has been appropriately reflected as past service cost in respective employee benefit expenses in the Statement of Profit and Loss. The Company continues to monitor the finalization of State Rules and clarifications from the Government on other aspects of the Labour Code and would consider appropriate accounting there of on the basis of such developments. 3 As the Company's business activity falls within a single reportable operating segment viz., "Lubricants", no separate segment information is disclosed. 4 Pursuant to Board of Directors approvals and shareholders’ approval vide their resolution dated July 23, 2024 and August 29, 2024 respectively and certificate of incorporation pursuant to change of name obtained from Ministry of Corporate Affairs dated September 20, 2024, the Company's name has} been changed from Tide Water Oil Co. (India) Limited to Veedol Corporation Limited effective September 20, 2024. 5 Figures for the quarter ended March 31, 2026 represent the difference between the audited figures in respect of full financial year and the published figures for nine months ended December 31, 2025. 6 Figures for the previ [Showing first 8,000 characters — download PDF for full document]