Meeting Details
The 44th Annual General Meeting of United Drilling Tools Limited was held on Wednesday, September 23, 2026, at 11:30 AM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was convened in accordance with the Companies Act, 2013 and relevant SEBI circulars and guidelines.
The meeting commenced with Mr. Anand Kumar Mishra, Company Secretary, welcoming members and explaining the procedure for participation. Directors, Statutory Auditors, Secretarial Auditor-cum-Scrutinizer, Cost Auditor, Internal Auditor, and other Senior Management personnel introduced themselves.
Mr. Pramod Kumar Gupta, Chairman of the Company, welcomed all participants and apprised members of the Company's performance during the financial year ended March 31, 2026, highlighting business outlook, growth initiatives, strategic priorities, and future plans.
Business Transacted
The following resolutions were considered at the AGM as per the Notice dated August 10, 2026:
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 the reports of the Board of Directors and Statutory Auditor's thereon - Ordinary Resolution
2. To consider and approve Final Dividend and also confirm two Interim Dividend(s) for the Financial Year ended March 31, 2026 - Ordinary Resolution
3. To appoint a Director in place of Shri Inderpal Sharma (DIN: 07649251), who retires by rotation and being eligible, offers himself for re-appointment - Ordinary Resolution
4. Re-appointment of M/s A P U & Company, Chartered Accountants (ICAI FRN: 019542N) as Statutory Auditors of the Company - Ordinary Resolution
Special Business
5. Ratification of remuneration payable to the Cost Auditors of the Company for the financial year ending March 31, 2027 - Ordinary Resolution
6. Related Party Transaction(s) with M/s Oil Drilling Consultancy Services, a sole proprietorship firm of Shri Pramod Kumar Gupta, Chairman-cum-Non-executive Director of the Company - Special Resolution
Key Proceedings
The Chairman confirmed that requisite quorum was present and that the Notice of AGM and Directors' Report were taken as read.
The Chairman informed members that the Statutory Auditors' Reports on the Standalone and Consolidated Financial Statements for FY ended March 31, 2026, did not contain any qualification, reservation, adverse remark, or disclaimer.
Remote e-voting facility was provided for all resolutions. Members participating in the meeting who had not voted via remote e-voting were given an additional 30 minutes after the conclusion of the AGM to cast their votes electronically.
The Chairman responded to queries from members regarding the Company's financial performance, business operations, growth prospects, and future plans, providing detailed clarifications on various matters.
M/s Balraj Sharma & Associates was appointed as the Scrutinizer for the AGM to oversee the remote e-voting and venue e-voting process.
Voting and Results
All resolutions outlined in the 44th AGM notice are deemed to be approved on September 23, 2026, subject to receiving the necessary majority.
The voting outcomes, as per Regulation 44(3) of the SEBI (LODR) Regulations, 2015, along with the Scrutinizer's findings in accordance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, will be shared shortly.
Meeting Duration
The meeting commenced at 11:30 AM and concluded at 01:08 PM (including time allowed for e-voting at AGM).