Oil Country Tubular Limited has informed the Exchange regarding Appointment of Mr VAIBHAV S SURYAVANSHI as Company Secretary & Compliance Officer of the company w.e.f. August 05, 2025.
OILCOUNTUB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oil Country Tubular Limited's board, at its August 7, 2025 meeting, announced the appointment of Mr. Vaibhav S Suryavanshi as Company Secretary and Compliance Officer effective August 5, 2025. The board also approved Q1 FY26 un-audited results showing total income of Rs. 2,505.87 lakhs (slightly down from Rs. 2,536.17 lakhs a year ago) and a net loss of Rs. 606.12 lakhs, though narrower than the Rs. 681.21 lakhs loss in Q1 FY25; EBITDA stood at Rs. 927.53 lakhs. Other key decisions included appointing Dr. Kamineni Shashidhar — son of Chairman and Managing Director Kamineni Suryanarayana — as an Additional Non-Executive Professional Director, naming Mr. G.L.B. Shastry as new CFO, and re-designating Mr. J. Ramamuni Reddy as Head – Accounts. The 39th AGM is scheduled for September 10, 2025 via video conferencing.
The new CFO and Company Secretary strengthen the management bench, but the entry of the CMD's son on the board signals continued promoter-family involvement in governance. The narrower quarterly loss and stable EBITDA are mildly positive, though reserves remain negative at Rs. 873.14 lakhs, keeping investor sentiment cautious.