United Drilling Tools Re-appoints Ved Prakash Mahawar & Preet Verma as Independent Directors
United Drilling Tools Limited has re-appointed Mr. Ved Prakash Mahawar and Mrs. Preet Verma as Independent Directors. Their second term of five years will commence on June 25, 2026, and conclude on June 24, 2031. Both directors have extensive experience in their respective fields.
The re-appointment of existing directors is a standard procedure and does not introduce new strategic direction or financial changes that would significantly impact the company.
The re-appointment of directors is a routine corporate governance event and does not significantly impact the company's financial performance or immediate business operations.
United Drilling Tools Limited announced the re-appointment of Mr. Ved Prakash Mahawar and Mrs. Preet Verma as Non-Executive Independent Directors for a second term.
This re-appointment is effective from June 25, 2026, and will continue for five consecutive years, concluding on June 24, 2031. The decision followed a recommendation from the Nomination and Remuneration Committee and subsequent approval from the Board of Directors. The consent of the company's members was obtained through a postal ballot.
Mr. Ved Prakash Mahawar brings approximately 45 years of extensive experience in the petroleum product sector, particularly in the manufacturing and application of oil and gas equipment. Mrs. Preet Verma possesses significant experience with the Indian Audit and Accounts Services, having served as a Principal Director of Audit in the Office of the CAG of India, and also held positions with the United Nations and as COO of Tech Mahindra Foundation.
Both directors have confirmed they are not debarred from holding office by any order from SEBI or other competent authorities, and they have no disclosed relationships with other Board members.
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