Veedol Corporation Limited has informed the Exchange about change in Management
VEEDOL · price
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Awaiting price reaction for this filing.
Veedol Corporation's board approved Q1 FY26 (ended June 30, 2025) standalone and consolidated financial results. Standalone revenue from operations fell slightly to Rs. 372.77 crore from Rs. 378.24 crore a year ago, while standalone profit after tax dropped sharply to Rs. 16.29 crore from Rs. 26.78 crore. Consolidated performance was stronger, with revenue rising to Rs. 513.62 crore and profit after tax jumping to Rs. 49.67 crore from Rs. 36.31 crore, helped by joint venture earnings. The board appointed Shri Brajesh Kumar Srivastava as a Non-Executive Non-Independent Director (a Government nominee with over 32 years of experience) and Dr. Manish Khodaskar as Sr. General Manager – HR, Admin. & CSR effective September 16, 2025. Company Secretary Shri Saptarshi Ganguly resigned effective October 10, 2025 to pursue other opportunities. P G Bhagwat LLP was appointed as additional internal auditor alongside existing auditor Dhandhania & Associates. The board also approved sale of a Chennai office space (approx. 2,780 sq ft) for Rs. 2 crore.
Mixed quarter — weaker standalone numbers due to higher operating expenses and lower other income, but consolidated profits boosted by JV contribution. The Company Secretary exit is a routine KMP change with a nearly two-month transition, while the new director brings government/policy experience. Likely a neutral-to-mildly negative read on standalone margins, offset by strong consolidated growth.