United Drilling Tools Ltd. Announces Outcome of Board Meeting

Strategic Insights -

The Board of Directors of M/s United Drilling Tools Ltd. convened on August 12, 2025, to consider and approve the un-audited quarterly financial results for the first quarter ended June 30, 2025. The meeting, which commenced at 3:30 PM and concluded at 5:50 PM, saw the approval of several key decisions, including the declaration of a 6% interim dividend, the fixing of record dates for dividend purposes, and the appointment of new directors and auditors.

Key Takeaways:

  • The Board of Directors approved the un-audited quarterly financial results for the first quarter ended June 30, 2025, for the financial year 2025-26.
  • The company declared a 6% interim dividend, with a record date of August 22, 2025, for the financial year 2025-26.
  • The Board fixed the record date for the final dividend for the financial year 2025-26 as September 16, 2025.
  • The company announced its 43rd Annual General Meeting to be held on September 23, 2025, through video conferencing.
  • The register of members and share transfer books will remain closed from September 17, 2025, to September 23, 2025, for the purpose of the annual general meeting.
  • The Board appointed M/s Swati Chaturvedi, Practicing Cost Accountants, as Cost Auditors for the financial year 2025-26.
  • The recommendation of the Board to appoint M/s Balraj Sharma & Associates, Practicing Company Secretaries, as Secretarial Auditors for the financial year 2025-26 and 2026-27 was made, subject to the approval of shareholders in the ensuing AGM.
  • The appointment of Mr. Khitish Kumar Nayak as an Additional (Non-Executive & Independent) Director of the company, subject to the approval of shareholders in the ensuing AGM, was approved.
  • The change in designation of Mr. Pramod Kumar Gupta, Managing Director, to Non-Executive Director, and his continuation as Chairman of the company, was approved.
  • The change in designation of Mr. Kanal Gupta, Whole-time Director, to Managing Director of the company, was also approved.

Statistics:

  • The meeting was held on August 12, 2025.
  • The company declared a 6% interim dividend, with a record date of August 22, 2025.
  • The Board fixed the record date for the final dividend for the financial year 2025-26 as September 16, 2025.
  • The company announced its 43rd Annual General Meeting to be held on September 23, 2025, through video conferencing.
  • The register of members and share transfer books will remain closed from September 17, 2025, to September 23, 2025, for the purpose of the annual general meeting.
  • The Board appointed M/s Swati Chaturvedi, Practicing Cost Accountants, as Cost Auditors for the financial year 2025-26.

Sources:

  • National Stock Exchange of India, Security ID - UNIDT, CIN: L29199DL1985PLC015796, August 12, 2025.
  • United Drilling Tools Ltd., CIN: L29199DL1985PLC015796, OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES.