Date: 22nd September, 2026

Board Meeting Outcomes

The resolution sought approval for transactions up to ₹650 crores with Standard Greases & Technologies Private Limited, being a related party, for a period of one year from 16th August, 2026 to 15th August, 2027 in terms of Regulation 23 of SEBI Listing Regulations.

Voting Results Details

The scrutinizer for the postal ballot (including remote e-voting), Shri Manoj Prasad Shaw, Practicing Company Secretary, submitted his report on 21st September, 2026. Based on the scrutinizer's report, the voting results are as follows:

Resolution Type: Ordinary Resolution

Promoter/Promoter Group Interest: Yes (interested in the resolution)

Category-wise Voting Breakdown:

  • Promoter and Promoter Group:
  • Shares held: 11,252,858
  • Votes polled: 0 (0.000% of outstanding shares)
  • Votes in favor: 0
  • Votes against: 0
  • Mode: E-Voting and Postal Ballot combined
  • Public - Institutions:
  • Shares held: 373,661
  • Votes polled: 107,987 (28.900% of outstanding shares)
  • Votes in favor: 107,987 (100.000% of votes polled)
  • Votes against: 0 (0.000% of votes polled)
  • Mode: Entirely through E-Voting
  • Public - Non Institutions:
  • Shares held: 5,797,481
  • Votes polled: 41,430 (0.715% of outstanding shares)
  • Votes in favor: 36,902 (89.071% of votes polled)
  • Votes against: 4,528 (10.929% of votes polled)
  • Mode: Entirely through E-Voting

Overall Totals:

  • Total shares: 17,424,000
  • Total votes polled: 149,417 (0.858% of outstanding shares)
  • Total votes in favor: 144,889 (96.970% of votes polled)
  • Total votes against: 4,528 (3.030% of votes polled)

The resolution was passed with requisite majority. The result of the postal ballot (including remote e-voting) and the scrutinizer's report are available on the websites of National Stock Exchange of India Ltd. (www.nseindia.com), BSE Ltd. (www.bseindia.com), and the company's website (www.veedolindia.com).

Signatories and Contacts

The disclosure was signed by Abhijit Satish Tikekar, Company Secretary and Head - Legal & CSR (Membership No.: A20213). The newspaper advertisement was signed by R. N. Ghosal, Managing Director (DIN: 00308865).

Publication Details

The results were published in the Kolkata Edition of The Telegraph (English) and Aajkaal (Bengali) newspapers on 22nd September, 2026.