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An announcement from Veedol Corp. Ltd ( (IN:VEEDOL) ) is now available.
Veedol Corporation Limited has disclosed to Indian stock exchanges the results of a shareholder postal ballot and remote e-voting process conducted on a resolution dated 2 February 2026. The exercise, held under SEBI’s listing regulations, recorded an overall participation of 41.28% of outstanding shares, with 97.91% of votes cast in favour and 2.09% against.
The ordinary resolution to appoint Shri Kulbhushan Malhotra as a Non-Executive, Non-Independent Director was declared passed, supported entirely by promoter votes but facing significant opposition among public non-institutional shareholders. The outcome strengthens the board’s composition while highlighting relatively low public participation and notable dissent in the non-institutional category, factors that investors may watch for governance and engagement trends.
More about Veedol Corp. Ltd
Veedol Corporation Limited, formerly Tide Water Oil Co. (India) Ltd., operates in the petroleum and lubricants sector, with its shares listed on the National Stock Exchange of India and BSE. The company targets both promoter and public shareholder segments, reflecting a diversified investor base in the Indian capital markets.
Average Trading Volume: 1,174
Technical Sentiment Signal: Hold
Current Market Cap: 22.78B INR
Learn more about VEEDOL stock on TipRanks’ Stock Analysis page.