Oil Country Tubular Limited has informed the Exchange about Shareholders meeting
OILCOUNTUB · price
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Awaiting price reaction for this filing.
Oil Country Tubular Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 39th Annual General Meeting, scheduled for Wednesday, September 10, 2025 at 11:00 a.m. via video conferencing. Key items on the AGM agenda include the adoption of audited financial statements, re-appointment of K. Suryanarayana (aged 89) as Chairman and Managing Director for three years (Sept 21, 2025 to Sept 20, 2028) at a monthly remuneration of Rs. 7,00,000 plus 5% commission on net profits, and appointment of three new Non-Executive Directors (Mrs. Shri Puja Kamineni, Mr. Paruchuri Dheeraj Chowdary, and Mr. Shashidhar Kamineni). Shareholders will also vote on appointing Ms. Manjula Aleti as Secretarial Auditor for five years (2025-26 to 2029-30) and ratifying the Cost Auditor's remuneration of Rs. 1,20,000 for FY 2025-26. The company also saw changes in key managerial positions, with a new Company Secretary (Vaibhav Suryawanshi) and CFO (Lal Bahadur Shastry Gubba) taking charge in August 2025.
Routine regulatory filing, but the re-appointment of the founder MD at age 89 and significant board additions may be of interest to long-term shareholders. No immediate impact on share price is expected; shareholders should review the annual report and exercise their voting rights during the remote e-voting window from September 7-9, 2025.