Oil Country Tubular Limited has informed the Exchange regarding Change in Director(s) of the company.
OILCOUNTUB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oil Country Tubular Limited reported a net loss of Rs. 6,148.24 Lakhs for FY 2026 (compared to a loss of Rs. 3,186.12 Lakhs in FY 2025), with total income dropping to Rs. 7,181.12 Lakhs from Rs. 12,576.76 Lakhs. The company appointed Mr. Ramamuni Reddy Jampanapalle as its new CFO and KMP effective May 21, 2026, who brings over 35 years of finance experience within the company. Additionally, Mr. Paruchuri Dheeraj Chowdary was elevated from Non-Executive Non-Independent Director to Whole Time Director for 3 years starting June 1, 2026, subject to shareholder approval. The company's statutory auditor, C K S Associates, converted to an LLP but will continue in the same role with no change in engagement terms.
The significant widening of losses and declining revenues are concerning for shareholders. The CFO appointment and director promotion appear routine, though the promotion of a family member (Mr. Chowdary is son-in-law of Director Mr. Shashidhar Kamineni) to a Whole Time Director role may attract governance scrutiny.