Veedol Corporation Limited Announces Resignation of Managing Director Arijit Basu
Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, has announced the resignation of its Managing Director, Mr. Arijit Basu. The announcement confirms that Mr. Basu's last working day with the company will be November 3, 2026.The Managing Director, Mr. Arijit Basu (DIN 07215894), submitted the intimation of his resignation on May 4, 2026. Mr. Basu has been associated with Veedol Corporation Limited since January 1, 2020, and has served as the Managing Director since March 1, 2023.
The specific details regarding the change in leadership, including the reason and effective cessation date, are outlined below:
| Particulars | Disclosures |
|---|---|
| Reason for change | Resignation |
| Date of cessation | With effect from close of business on November 3, 2026 |
Veedol Corporation Limited, which operates under the former name Tide Water Oil Co. (India) Limited, remains committed to its operations following the change in management leadership.
VEEDOL Stock Price Movement
As of 11:35 AM, shares of Veedol Corporation Limited are shedding 1.06% in live trading, currently trading at ₹1433.40. The equity has seen a total volume of 3,189 shares traded during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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