United Drilling Tools Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025 along with a copy of minutes.
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United Drilling Tools Limited held its 43rd AGM on September 23, 2025, via video conferencing from 11:30 AM to 12:32 PM, with all quorum requirements met. Shareholders considered 10 resolutions, including adoption of FY25 audited financial statements, approval of final dividend along with confirmation of two interim dividends, and appointment of new statutory and secretarial auditors. Key board changes include Shri Pramod Kumar Gupta moving from Managing Director to Non-executive Chairman, while Mr. Kanal Gupta was elevated from Whole-Time Director to Managing Director. The Chairman highlighted international market expansion, significant new orders from global and domestic clients, and ongoing capacity expansion at a new Mundra plant. E-voting results will be announced separately within the stipulated timeframe.
The transition marks a leadership succession at the top with Kanal Gupta taking over as Managing Director, while the dividend approvals confirm shareholder returns for FY25. Capacity expansion at Mundra and international order wins could support future revenue growth, though actual voting outcomes and results are still awaited.