Veedol Corp shareholders approve appointment of Shri Kulbhushan Malhotra as Director
Veedol Corporation Limited shareholders approved the appointment of Shri Kulbhushan Malhotra as a Non-Executive and Non-Independent Director. The resolution received 97.91% of the votes in favour. The voting was conducted via remote e-voting from 16th February to 17th March 2026.
The appointment of a new director is a significant corporate governance event that can influence strategic decisions and overall company direction, thus having a medium impact.
The appointment of a new director was approved by a significant majority of shareholders, indicating positive shareholder sentiment towards the company's governance.
Veedol Corporation Limited (formerly Tide Water Oil Co. India Ltd.) announced the results of remote e-voting and voting through postal ballot concerning a resolution to appoint Shri Kulbhushan Malhotra as a Non-Executive and Non-Independent Director. The resolution was passed by the shareholders.
The postal ballot notice was issued on 2nd February 2026, with the record date for voting set as 6th February 2026. The remote e-voting period commenced on 16th February 2026 and concluded on 17th March 2026. Shareholders voted on an ordinary resolution for the appointment of Shri Kulbhushan Malhotra (DIN: 11507259). A total of 7,193,344 votes were polled. Out of these, 7,043,009 votes (97.91%) were in favour of the resolution, and 150,335 votes (2.09%) were against it. The resolution was declared as passed.
The company submitted the result of the remote e-voting and the Scrutinizer’s Report to the National Stock Exchange of India Ltd. and BSE Limited on 18th March 2026. The report was prepared by Manoj Prasad Shaw, Company Secretary in Practice, who was appointed as the scrutinizer by the Board of Directors.
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Veedol Corporation Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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