United Drilling Tools Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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United Drilling Tools Limited has issued the notice for its 43rd Annual General Meeting, scheduled for Tuesday, September 23, 2025 at 11:30 AM IST, to be held through video conferencing. Shareholders will be asked to adopt the audited financial statements for FY 2024-25 and approve a total dividend of ₹1.80 per share (₹0.60 final dividend plus two interim dividends already paid). Key agenda items include the re-appointment of Shri Pramod Kumar Gupta as a director, change in his designation from Managing Director to Non-Executive Chairman, and elevation of his son Mr. Kanal Gupta from Whole Time Director to Managing Director with a salary of ₹4,00,000 per month. The meeting will also appoint M/s A P U & Company as statutory auditors, M/s Balraj Sharma & Associates as secretarial auditors, and Mr. Khitish Kumar Nayak as an independent director for a five-year term. A related-party transaction with the chairman for consultancy services also requires shareholder approval.
The announcement is procedural but signals a leadership transition: Pramod Kumar Gupta steps down as Managing Director to become Non-Executive Chairman while his son Kanal Gupta takes over as Managing Director, suggesting continuity in family-run management. Dividend confirmation of ₹1.80 per share is positive for shareholders; the AGM items are largely administrative with no major red flags.