UNIDT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
United Drilling Tools Ltd announced the reconstitution of five board committees following the cessation of Mr. Pandian Kalyanasundaram as Independent Director on May 20, 2026, upon completion of his second consecutive term. The Board meeting on May 21, 2026 approved changes to the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, CSR Committee, and Risk Management Committee. Mr. Khitish Kumar Nayak has been designated Chairman of both the Audit Committee and Stakeholders Relationship Committee, while Mr. Ved Prakash Mahawar becomes Chairman of the Nomination and Remuneration Committee and CSR Committee. Mrs. Preet Verma is appointed as Chairperson of the Risk Management Committee.
The committee changes are routine governance adjustments following an independent director's term completion. The stock is unlikely to see immediate impact as this is a procedural change to maintain proper board composition as required by Companies Act and SEBI regulations.