Veedol Corporation Limited has informed the Exchange regarding Resignation of Mr. ARIJIT BASU as Managing Director of the Company w.e.f. November 03, 2026.
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Veedol Corporation Limited has received the resignation of Mr. Arijit Basu (DIN 07215894) from the position of Managing Director, effective close of business on 3rd November, 2026. The resignation letter was dated 4th May, 2026. Basu cited pursuit of new professional opportunities as the reason. He has been associated with the company since 1st January, 2020 and has served as Managing Director since 1st March, 2023 — a tenure of over 3 years in that role. The company has not yet announced a successor. The disclosure was filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The resignation of the Managing Director — a Key Managerial Personnel — leaves a leadership gap at the helm of the company, with no replacement announced yet. This may create uncertainty for investors and could exert short-term negative pressure on the stock until a new MD is appointed.