Appointment of Internal Auditor of the Company for the FY 2026-27
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United Drilling Tools Ltd has appointed M/s Grover Lalla & Mehta, Chartered Accountants as its Internal Auditor for Financial Year 2026-27. The appointment was approved by the Board of Directors at their meeting held on May 21, 2026 and is effective from that date. The audit firm, represented by Mr. Pankaj Bansal (FCA – 502661), has over 29 years of experience in corporate laws, secretarial audits, internal audits, and corporate legal consultancy. The filing confirms that the appointed auditor has no relationship with any Director, Key Managerial Personnel, or Senior Management of the company. This is a routine regulatory compliance filing under SEBI (LODR) Regulations, 2015.
This is a standard corporate governance update with no direct impact on the stock price. The appointment of an experienced internal auditor reinforces the company's commitment to strong internal controls and regulatory compliance, which is positive from a risk management perspective.