Oil Country Tubular Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
OILCOUNTUB · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Oil Country Tubular Limited announced its unaudited Q1 FY26 results (quarter ended June 30, 2025) with revenue from operations of Rs 2,456.90 lakhs, marginally down from Rs 2,500.14 lakhs in Q1 FY25. The company reported a net loss of Rs 880.53 lakhs, slightly narrower than the Rs 980.62 lakhs loss a year ago. EBITDA for the quarter stood at Rs 927.53 lakhs, while reserves remained negative at Rs (873.14) lakhs. The board approved the 39th AGM notice for September 10, 2025 and appointed Mr. G.L.B. Shastry as the new CFO, Mr. Vaibhav S Suryawanshi as Company Secretary, and Dr. Kamineni Shashidhar (son of Chairman & MD) as an Additional Non-Executive Professional Director. Mr. J. Ramamuni Reddy was re-designated as Head - Accounts.
Persistent quarterly losses and negative reserves signal ongoing financial stress, though the slight narrowing of losses and fresh management appointments may be viewed neutrally by investors. The related-party director appointment (CMD's son) could draw governance attention.