United Drilling Tools declares 6% interim dividend, reappoints directors
United Drilling Tools approved Q3 FY26 results and declared a 6% interim dividend of ₹0.60 per share. The company also re-appointed Mr. Ved Prakash Mahawar and Mrs. Preet Verma as Independent Directors for a second five-year term, effective June 25, 2026. The record date for the dividend is February 20, 2026.
The dividend payout and director re-appointments are significant corporate actions that can impact investor sentiment and governance.
The declaration of an interim dividend and re-appointment of directors are positive developments for the company.
United Drilling Tools Ltd. announced the outcome of its Board Meeting held on February 14, 2026. The Board approved the un-audited quarterly financial results (Standalone & Consolidated) for the 3rd quarter and nine months ended December 31, 2025, along with the Limited Review Report.
Additionally, the company declared a 2nd interim dividend of ₹0.60 per equity share (6%) for the Financial Year 2025-26. The record date for ascertaining entitlement to this dividend has been fixed as Friday, February 20, 2026.
In terms of corporate governance, the Board approved the re-appointment of Mr. Ved Prakash Mahawar and Mrs. Preet Verma as Independent and Non-Executive Directors for a second term of 5 years, subject to shareholder approval, effective from June 25, 2026.
The Board also approved related party transactions with M/s Oil Drilling Consultancy Services until September 30, 2026, and with M/s Parveen Industries Pvt. Ltd. for FY 2025-26 & 2026-27, all on an arm's length basis. A postal ballot notice will be issued to shareholders for approval of these businesses.
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United Drilling Tools Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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