United Drilling Tools Limited has informed the Exchange regarding Notice of Postal Ballot
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United Drilling Tools Limited has dispatched a postal ballot notice to shareholders seeking approval for four special resolutions. Items 1 and 2 seek re-appointment of Mr. Ved Prakash Mahawar and Mrs. Preet Verma as Independent Directors (and Independent Women Director) for a second 5-year term from June 25, 2026 to June 24, 2031. Item 3 seeks approval to continue a consultancy engagement with M/s Oil Drilling Consultancy Services (sole proprietorship of Non-Executive Director Shri Pramod Kumar Gupta) at Rs. 12.40 lakh per month for April 1, 2026 to September 30, 2026. Item 4 seeks approval for material related party transactions with M/s Parveen Industries Private Limited worth up to Rs. 40 crore for FY 2025-26 and 2026-27. E-voting runs from March 1, 2026 to March 30, 2026, with results announced on March 31, 2026.
These are primarily governance and routine items. The two independent director re-appointments are standard and maintain board continuity. The two related party transactions deserve shareholder attention — particularly the Rs. 40 crore transaction with Parveen Industries, which is flagged as 'material' under SEBI rules and requires special resolution approval. Shareholders should review whether these RPTs are on arm's-length terms before voting.