United Drilling Tools Ltd. announces 44th AGM on Sep 23, 2026, to approve FY26 results & dividend
United Drilling Tools Ltd. will hold its 44th AGM on September 23, 2026, to approve FY26 financial results and a final dividend of ₹0.60 per share. The agenda includes re-appointing a director and auditors, and ratifying cost auditor remuneration. A related party transaction with the Chairman's firm for consultancy services at ₹12.40 lakh per month until 2027 will also be discussed.
The AGM involves shareholder approval for key corporate actions like financial statement adoption, dividend confirmation, director re-appointment, auditor re-appointment, and a related party transaction with a significant fee. These are material events for the company's governance and operations.
The announcement is a routine corporate event (AGM notice) with standard agenda items. While it includes dividend confirmation and auditor re-appointment, there are no significant positive or negative financial disclosures or business developments.
United Drilling Tools Limited has announced its 44th Annual General Meeting (AGM) scheduled for Wednesday, September 23, 2026, at 11:30 AM IST, to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The AGM will consider and adopt the Audited Financial Statements (Standalone & Consolidated) for the financial year ended March 31, 2026, along with the Board and Statutory Auditor's reports. Shareholders will also be asked to confirm two interim dividends and approve a final dividend of ₹0.60 per equity share, aggregating to ₹1.80 per equity share for FY 2025-26.
Key agenda items also include the re-appointment of Shri Inderpal Sharma as a Director retiring by rotation, the re-appointment of M/s A P U & Company as Statutory Auditors for a second term of four years until the conclusion of the 48th AGM in 2030, and the ratification of remuneration for the Cost Auditors, M/s Swati Chaturvedi, at ₹75,000 plus applicable taxes and expenses for FY 2026-27.
Furthermore, the meeting will seek shareholder approval for a related party transaction with M/s Oil Drilling Consultancy Services, a firm owned by Shri Pramod Kumar Gupta, Chairman-cum-Non-Executive Director. This transaction, for consultancy services to support operations and enhance system performance, is proposed to continue from the conclusion of the 44th AGM until the conclusion of the 45th AGM in 2027, at a monthly fee of ₹12,40,000 plus applicable taxes.
The company will provide members with the facility to attend the AGM through VC/OAVM and cast their votes electronically through remote e-voting and e-voting during the AGM. The Notice of the AGM has been uploaded on the company's website.
A plain-language summary of a public exchange filing by United Drilling Tools Limited. Read the original for the full detail.