Oil Country Tubular Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 11, 2025.
OILCOUNTUB · price
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The Board of Oil Country Tubular Limited, at its meeting on June 11, 2025, approved the appointment of two new Additional Directors in the Non-Executive Professional Director category, subject to shareholder approval. The appointees are Dr. Shri Puja Kamineni, a Radiologist with an MBBS and MD in Radiodiagnosis, and Mr. Paruchuri Dheeraj Chowdary, a Mechanical Engineer with an M.S. in Engineering from the USA, who has expertise in defence sector business development. Both individuals are family members of the Chairman and Managing Director Shri Kamineni Suryanarayana — Dr. Puja is his granddaughter and Mr. Dheeraj is his granddaughter's husband. The company stated their appointments are based on the Nomination and Remuneration Committee's recommendation and their relevant professional experience.
This signals further induction of promoter family members into the board, which minority shareholders may view as a governance concern regarding board independence, though both appointees are classified as Professional Directors rather than Executive Directors.