Key Event Details

The 44th Annual General Meeting of United Drilling Tools Limited will be held on Wednesday, September 23, 2026, at 11:30 A.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended March 31, 2026, together with reports of Board of Directors and Statutory Auditors.

2. To consider and approve Final Dividend and confirm two Interim Dividends for FY2025-26:

  • Final Dividend: ₹0.60 per equity share
  • Total Dividend for FY2025-26: ₹1.80 per equity share of ₹10 each
  • Interim Dividends declared on: August 12, 2025, and February 14, 2026
  • Final Dividend recommended by Board on: May 21, 2026
  • Record date for final dividend: Wednesday, September 16, 2026
  • Proposed payment date: Thursday, October 8, 2026

3. Re-appointment of Shri Inderpal Sharma (DIN: 07649251) as Director who retires by rotation:

  • Date of Birth: December 15, 1969
  • Nationality: Indian
  • Experience: 36 years in oil drilling tools, associated with company since beginning of career
  • Shareholding: Nil
  • No relationship with any other director, management or KMPs
  • No other listed entity directorships

4. Re-appointment of M/s A P U & Company, Chartered Accountants (ICAI FRN: 019542N) as Statutory Auditors for second term of four consecutive years from conclusion of 44th AGM till conclusion of 48th AGM in 2030.

Special Business:

5. Ratification of remuneration payable to Cost Auditors for FY2026-27:

  • M/s Swati Chaturvedi, Practicing Cost Accountants (FRN: 100664)
  • Remuneration: ₹75,000 plus applicable taxes and reimbursement of out-of-pocket expenses
  • Appointment approved by Board on August 10, 2026

6. Related Party Transactions with M/s Oil Drilling Consultancy Services:

  • Sole proprietorship firm of Shri Pramod Kumar Gupta, Chairman-cum-Non-executive Director
  • Purpose: Technical consultancy and advisory services
  • Period: From conclusion of 44th AGM until conclusion of 45th AGM in 2027
  • Consultancy fee: ₹12,40,000 per month
  • Total consideration: Not exceeding ₹1,48,80,000
  • Represents 0.80% of company's standalone turnover for FY2025-26
  • Previous transactions: ₹94.80 lakhs in FY2025-26, ₹37.20 lakhs in Q1 FY2026-27
  • Shri Pramod Kumar Gupta holds 70.74% equity share capital
  • Requires special resolution approval

Voting Arrangements

  • Remote e-voting period: September 20, 2026 (10:00 AM) to September 22, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 16, 2026
  • Scrutinizer: M/s Balraj Sharma & Associates (ICSI PR Certificate: 6262/2024)
  • E-voting agency: Central Depository Services (India) Limited (CDSL)

Shareholder Information

  • Register of Members and Share Transfer Books will remain closed from September 17, 2026 to September 23, 2026
  • Members holding physical shares must provide PAN, bank details, and other KYC documents for dividend payment
  • Dividend TDS will be deducted as per Income Tax Act, 2025
  • Unclaimed dividends for 7 years will be transferred to Investor Education and Protection Fund (IEPF)

Document Availability

  • Notice available on company website: https://www.udtltd.com/wpcontent/uploads/2026/09/UDTL-NOTICE-1.pdf
  • Also available on BSE and NSE websites