Veedol Corporation Limited has informed the exchange about appointment of Mr Rajendra Nath Ghosal, erstwhile Managing Director of the Company as an Additional Director and Managing Director ....
VEEDOL · price
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Veedol Corporation Limited held its 354th Board Meeting on May 20, 2026, approving standalone revenue of Rs. 1,546.96 crores and consolidated revenue of Rs. 2,168.54 crores for FY2026. Standalone net profit grew 8.2% to Rs. 135.16 crores while consolidated profit rose 13.5% to Rs. 191.62 crores. The Board declared a final dividend of 1100% (Rs. 22 per share) worth Rs. 38.33 crores, with record date July 17, 2026. In key leadership changes, Managing Director Mr. Arijit Basu will step down from May 31, 2026, and Mr. Rajendra Nath Ghosal (former MD) has been reappointed as Additional Director and Managing Director from June 1, 2026. Additionally, Head Marketing Mr. Mandar Ghatnekar will be relieved from May 31, 2026.
Strong financial performance with profit growth and generous dividend signals company health. Management transition may cause short-term uncertainty, though reappointment of former MD Ghosal suggests continuity. The 1100% dividend is significantly above market norms.