Veedol Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Jul-2026.
VEEDOL · price
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.8 pts more than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Veedol Corporation Limited (formerly Tide Water Oil Co.) reported strong FY2026 results with standalone revenue of Rs. 1,547 crore (up 1.3% YoY) and consolidated revenue of Rs. 2,169 crore (up 10% YoY). Standalone PAT grew 8.2% to Rs. 135.16 crore while consolidated PAT surged 13.5% to Rs. 191.62 crore. The Board declared a final dividend of 1100% (Rs. 22 per share) absorbing Rs. 38.33 crore, with record date July 17, 2026. Key management changes include the appointment of Rajendra Nath Ghosal as Managing Director from June 1, 2026, succeeding Arijit Basu. The company received unmodified audit opinions from Price Waterhouse Chartered Accountants LLP. Cash position improved significantly with consolidated cash and cash equivalents at Rs. 168.10 crore (vs Rs. 43.08 crore last year). The company also noted that an insurance claim of Rs. 6.56 crore for fire-damaged inventory at a third-party depot has been repudiated.
Strong financial performance with double-digit PAT growth on consolidated basis and healthy dividend payout signals confidence in business prospects. Shareholders can expect dividend on record date July 17, 2026.