Veedol Corporation Releases Quarterly Results and Reports Inter-se Share Transfer Transaction
Veedol Corporation Limited, formerly Tide Water Oil Co. (India) Limited, has released its standalone and consolidated unaudited financial results for the quarter ending June 30, 2026. The company also reported a strategic off-market inter-se transfer of equity shares involving SGSPL and Janus Consolidated Finance Private Limited.The Board of Directors approved the financial outcomes at a meeting held on August 10, 2026.
Details of Inter-se Share Transfer
The acquisition relates to an off-market transfer among entities belonging to the Promoter and Promoter Group. Standard Greases and Specialities Private Limited (SGSPL), identified as the acquirer, is acquiring equity shares from Janus Consolidated Finance Private Limited ("Janus").Details of the proposed transaction are as follows:
| Metric | Value |
|---|---|
| Acquirer | Standard Greases and Specialities Private Limited (SGSPL) |
| Seller | Janus Consolidated Finance Private Limited |
| Proposed Acquisition Date | August 14, 2026 |
| Number of Equity Shares to be Transferred | 295,000 |
| Percentage of Holding Acquired | 1.69% of the total paid-up Equity Share capital |
This transaction is being undertaken as part of a Composite Scheme of Arrangement involving the amalgamation of Janus Consolidated Finance Private Limited with Standard Greases and Specialities Private Limited (SGSPL).
Standalone Unaudited Financial Results (Q ended June 30, 2026)
The standalone results show key performance indicators for Veedol Corporation Limited for the quarter ending June 30, 2026.| Particulars | Qtr ended June 30, 2026 (Unaudited) | Qtr ended March 31, 2026 (Unaudited) | Qtr ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 410.05 | 465.44 | 385.35 | 1,662.45 |
| Cost of Materials Consumed | 235.95 | 226.07 | 214.21 | 831.17 |
| Total Expenses | 379.97 | 421.35 | 365.65 | 1,519.96 |
| Profit before Tax | 30.08 | 44.09 | 19.70 | 142.49 |
| Total Comprehensive Income | 25.87 | 57.58 | 16.25 | 143.15 |
Consolidated Unaudited Financial Results (Q ended June 30, 2026)
The consolidated results for the quarter ending June 30, 2026, include the performance of the Holding Company and its subsidiaries, including Veedol International Limited and Eneos VCL India Private Limited.Key figures from the consolidated statements are provided below:
| Particulars | Qtr ended June 30, 2026 (Unaudited) | Qtr ended March 31, 2026 (Unaudited) | Qtr ended June 30, 2025 (Unaudited) | Year ended R/ECHED 5/2020 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 608.57 | 606.98 | 514.28 | 2,168.54 |
| Total Income | 612.47 | 610.89 | 519.37 | 2,186.23 |
| Total Expenses | 518.90 | 554.70 | 463.22 | 1,978.13 |
| Profit before Tax | 101.79 | 63.90 | 63.72 | 238.43 |
| Total Comprehensive Income | 76.94 | 73.26 | 57.94 | 220.12 |
VEEDOL Stock Price Movement
Veedol Corporation Limited's shares edged higher on Monday, settling at ₹1524.6 after closing the session. The equity registered a solid traded volume of 43,671 shares during the previous trading day.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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