Veedol Corporation Limited [formerly Tide Water Oil Co. (India) Ltd.] has informed the stock exchanges that its Committee of Directors has approved a pre-dealing application submitted by its joint promoter, Standard Greases & Specialities Private Limited, for the acquisition of equity shares.

The company, in its disclosure dated 13th September 2025, confirmed that after due scrutiny, the Committee granted approval for the acquisition of 8,71,200 equity shares of Veedol Corporation Limited by the promoter entity. The meeting of the Committee of Directors concluded at 10:15 a.m. on the same day.

As per the communication issued by Veedol’s Compliance Officer, the promoter’s request for dealing in shares was cleared, subject to SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 and the Prohibition of Insider Trading Regulations, 2015.

The approval is valid only for a limited window. The promoter is required to complete the transaction within five trading days, beginning Monday, 15th September 2025, and ending Friday, 19th September 2025. The order also clarified that the trading period includes both the start and end dates.

In case the transaction is not executed within this stipulated timeframe, a fresh pre-clearance application will be required to be submitted to the company’s Compliance Officer.

The filing was made under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates prompt disclosure of material events to the stock exchanges.

This step highlights Veedol Corporation’s compliance with insider trading regulations and ensures that all promoter-related trades are carried out in a transparent and regulatory-compliant manner.

The approval communication, addressed to Standard Greases & Specialities Private Limited, was enclosed with the stock exchange filing for reference.

With this development, Veedol Corporation continues to maintain strong corporate governance practices, while providing shareholders with timely disclosures of promoter transactions as required by market regulations.

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