United Drilling Tools Reappoints A P U & Company Auditors

Key Decision

The Board of Directors of United Drilling Tools Limited has approved and recommended the re-appointment of M/s A P U & Company, Chartered Accountants (ICAI FRN - 019542N) as the Statutory Auditors of the Company for a second term of 4 consecutive years.

Term of Appointment

To hold office from the conclusion of the 44th Annual General Meeting until the conclusion of the 48th Annual General Meeting.

Reason for Change

Due to completion of the first term of one year as Statutory Auditor.

Governance Process

The reappointment was pursuant to the recommendation of the Audit Committee and subsequent approval by the Board of Directors.

Relationships Disclosure

The disclosure explicitly states "Not Applicable" for relationships between directors and the auditor firm.