Oil Country Tubular Limited has submitted its mandatory disclosure to stock exchanges pursuant to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, confirming its classification status under the Large Corporate framework.

SEBI Large Corporate Classification Status

The company has confirmed that it does not qualify as a Large Corporate under the applicability criteria specified in Chapter XII of the SEBI circular. This disclosure is part of the regulatory requirements for listed companies to maintain transparency regarding their borrowing status and corporate classification.

Financial Position and Borrowings

As per the disclosure filed on April 14, 2026, Oil Country Tubular Limited reported its financial position as follows:

Company Details and Compliance

The disclosure document provides comprehensive company information including:

Regulatory Compliance and Authorization

The disclosure was duly authorized and signed by key management personnel:

• Company Secretary & Compliance Officer: Suryawanshi Vaibhav Suryakant (ACS: 72171)
• Chief Financial Officer: Lal Bahadur Shastri Gubba (M. No. 220590)

Both officials digitally signed the document on April 14, 2026, ensuring proper compliance with regulatory requirements. The disclosure confirms the company's adherence to SEBI guidelines and maintains transparency with stakeholders regarding its corporate classification and borrowing status.

Oil Country Tubular Limited's board of directors has approved a significant term loan agreement to fund the company's machinery expansion plans. The board meeting held on April 09, 2026, resulted in the approval of a Rs 6.82 crore loan facility from Cosmos Co-Operative Bank Limited.

Loan Agreement Details

The term loan agreement was executed on April 09, 2026, with specific provisions for machinery acquisition. The company disclosed comprehensive details of the loan arrangement as required under SEBI regulations.

Security and Collateral Arrangements

The loan is secured through a dual security mechanism to protect the lender's interests. The primary security involves hypothecation of the machinery and equipment to be purchased using the loan proceeds.

Additionally, the bank will hold a mortgage charge on the company's industrial property:

• Location: Plot No. 5B2, Survey Nos. 245(P) & 246(P)
• Address: Industrial Park, Vakalapudi, Thammavaram Village
• District: Kakinada Mandal, East Godavari District, Andhra Pradesh
• Property Type: Industrial Shed

Regulatory Compliance and Disclosures

The company confirmed that this transaction does not constitute a related party transaction and was conducted at arm's length. Oil Country Tubular Limited holds minimal shareholding in Cosmos Co-Operative Bank Limited, owning only 20 equity shares at Rs 100 each.

The board meeting commenced at 11:30 A.M. IST and concluded at 12:25 P.M. IST on April 09, 2026. The company has made the required disclosures under Regulation 30 of SEBI LODR Regulations, 2015, ensuring transparency for stakeholders.

Corporate Governance

The approval demonstrates the company's commitment to expanding its operational capabilities through strategic investments in new machinery and equipment. The structured approach to financing, with appropriate security arrangements, reflects prudent financial management practices.