Veedol Corporation FY26 dividend: ₹22, AGM Aug 24 guide

Dividend recommendation and what it means

Veedol Corporation Limited has recommended a final dividend of ₹22 per ordinary share (face value ₹2 each) for the financial year ended March 31, 2026. The proposal was made by the Board of Directors and will be put to shareholders for approval at the company’s 103rd Annual General Meeting (AGM). If shareholders approve the payout, the company has said the dividend will be distributed to eligible shareholders within 30 days from the date of declaration at the AGM.

The recommendation translates to a final dividend of 1100% for FY26, based on the ₹2 face value. Alongside the per-share payout, the company has indicated a total cash outgo of ₹38.33 crore (₹383.3 million) for this dividend, subject to shareholder approval.

AGM schedule and meeting format

The 103rd AGM is scheduled for Monday, August 24, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The deemed venue is the company’s registered office at Yule House, 8, Dr. Rajendra Prasad Sarani, Kolkata, West Bengal 700001.

As part of its disclosure and shareholder communication process, Veedol said it published advertisements in The Telegraph (English) and Aajkaal (Bengali) on August 1, 2026, covering the AGM and dividend-related information. The disclosures referenced compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remote e-voting window through NSDL

To facilitate shareholder participation, Veedol has enabled remote e-voting through National Securities Depository Limited (NSDL). The cut-off date for determining voting eligibility is Monday, August 17, 2026.

The remote e-voting period will remain open for three days. It begins at 10:00 a.m. on Friday, August 21, 2026, and ends at 5:00 p.m. on Sunday, August 23, 2026. Shareholders who do not vote remotely can vote during the AGM through VC/OAVM. However, members who have already cast their vote via remote e-voting cannot vote again at the meeting.

Register closure period and eligibility list

The Register of Members and Share Transfer Register will remain closed from Tuesday, August 18, 2026, to Monday, August 24, 2026, both days inclusive. The company has stated that this closure period will be used to determine the list of members entitled to receive the final dividend, if it is approved at the AGM.

Separately, the company has also communicated that it fixed July 17, 2026 as the Record Date for determining members entitled to receive the dividend for FY 2025-26. Market data presented alongside the announcement also lists the ex-dividend date and record date as 17-Jul-2026 for a ₹22 per share final dividend.

Dividend record date and ex-date details shown in market data

The article data includes a market-style dividend line item that lists:

• Ex-date: 17-Jul-2026
• Record date: 17-Jul-2026
• Dividend per share: ₹22.00
• Dividend type: Equity share

It also states that registered shareholders who own Veedol Corporation shares on or before the record date of 17-Jul-2026 are eligible to receive the dividend, and that purchases on or after the ex-dividend date (17-Jul-2026) would not be eligible for the payout. The same dataset adds an expectation that the dividend could be credited within 25 to 45 business days after the record date, while the company’s disclosure indicates payment within 30 days of declaration at the AGM if approved.

TDS rules announced for the final dividend

Veedol has outlined Tax Deduction at Source (TDS) provisions for the final dividend of ₹22 per share for FY26, recommended by the Board on May 20, 2026. The company’s communication in the article specifies different rates depending on shareholder residency and PAN status.

For resident shareholders with a valid PAN, TDS is 10%. For residents without a valid PAN, TDS is 20%. Non-resident shareholders are subject to 20% plus surcharge and cess. The article also notes that non-residents who are tax residents of Notified Jurisdictional Areas face a TDS rate of 30%.

Key dates and dividend facts at a glance

TDS rates mentioned in the disclosure

Stock price and dividend yield datapoints cited

The article data includes multiple price and yield references around the dividend information. It states that the share price of VEEDOL as on 25 June 2026 is ₹1,467.80. Another line lists the “current market price” as ₹1,411.30 per share, and a separate market snapshot shows ₹1,398.8 on Jul 24, 2026.

On yield, one reference states the current dividend yield is 1.54%. Another portion of the dataset mentions that in the quarter ending December 2025, the company declared a dividend of ₹14.00, translating into a dividend yield of 4.96%, and also lists an “annual dividend payment” of ₹70.00 in that context.

Dividend history snippets included in the dataset

The dividend history table included in the article data lists multiple past cash dividends, including ₹14.00 with an ex/record date of 06/02/2026 and earlier payouts such as ₹22.00 with ex/record dates of 14/11/2025 and 07/07/2025. It also lists ₹12.00 on 13/02/2025 and ₹20.00 on 22/11/2024.

The dataset also states that Veedol Corporation Ltd declared dividend three times totalling ₹58.00 in the previous financial year (FY2025-2026), and that the latest quarter dividend mentioned is ₹14.00 declared on 02/02/2026.

Market impact and what shareholders should track

The practical impact for investors is concentrated around eligibility, voting participation, and post-AGM payment timelines. The company has provided a structured process for voting through NSDL with a defined cut-off date (August 17, 2026) and a three-day remote voting window (August 21 to August 23, 2026). For dividend eligibility, the article data includes both a register closure period (August 18 to August 24, 2026) and a record date reference of 17-Jul-2026 for the ₹22 dividend.

From a cash flow perspective, the disclosed cash outgo of ₹38.33 crore (₹383.3 million) provides a concrete measure of the dividend’s size. For shareholders, the net dividend received can differ depending on TDS applicability, particularly where PAN details are not updated or where non-resident tax rules apply.

Analysis: why the disclosures matter

Dividend announcements in listed companies often involve several overlapping dates: board recommendation, record date, ex-date, book closure, and AGM approval. In this case, the Board recommendation date (May 20, 2026), the AGM date (August 24, 2026), the voting cut-off date (August 17, 2026), and the e-voting window (August 21 to 23, 2026) are clearly laid out. The disclosure also spells out the register closure period (August 18 to 24, 2026) for determining eligible members.

Separately, the presence of a record date and ex-date listing of 17-Jul-2026 for the ₹22 dividend in market data highlights the need for shareholders to reconcile exchange filings and corporate action schedules as presented by different platforms. The detailed TDS slab disclosure is also operationally important because it affects dividend credits, particularly for shareholders whose PAN or tax residency documentation is not in order.

Conclusion

Veedol Corporation’s FY26 final dividend proposal stands at ₹22 per share, subject to shareholder approval at the 103rd AGM scheduled for August 24, 2026 via VC/OAVM. Key milestones include the voting eligibility cut-off on August 17, 2026 and remote e-voting through NSDL from August 21 to August 23, 2026, along with a register closure from August 18 to August 24, 2026. If approved, the company has stated that the dividend will be paid to eligible shareholders within 30 days from declaration at the AGM.