United Drilling Tools Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders overwhelmingly approving all four special resolutions on March 30, 2026. The company announced the results on March 31, 2026, following the scrutinizer's report submission, with the approved director re-appointments taking effect from June 25, 2026.

Postal Ballot Process Details

The remote e-voting period commenced on March 1, 2026 at 10:00 AM IST and concluded on March 30, 2026 at 5:00 PM IST. Varun Sharma, Partner at Balraj Sharma & Associates, served as the scrutinizer for the postal ballot process. The votes were unblocked on March 30, 2026 at 5:12 PM, with the final scrutinizer's report submitted to the company on March 31, 2026.

Director Re-appointments with Effective Dates

The first two resolutions concerned the re-appointment of independent directors for their second consecutive five-year terms. Both Mr. Ved Prakash Mahawar and Mrs. Preet Verma will serve as Non-Executive Independent Directors effective from June 25, 2026 up to June 24, 2031.

Mr. Mahawar brings around 45 years of vast experience in petroleum products, particularly in manufacturing of oil and gas equipment. Mrs. Preet Verma has extensive experience with the Indian Audit and Accounts Services, having served as principal Director of Audit at the Office of the CAG of India, The United Nations, and as COO of Tech Mahindra Foundation.

Related Party Transaction Approvals

The remaining two resolutions addressed related party transactions, both achieving identical approval rates:

For these resolutions, 72 members voted in favor while 4 members voted against. Promoter group votes totaling 15,155,460 were marked as invalid for these resolutions due to their interested party status.

Voting Participation Analysis

The postal ballot witnessed significant participation from different shareholder categories:

Regulatory Compliance

The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. The company utilized CDSL's e-voting platform for the remote voting process. The results and scrutinizer's report have been made available on the company's website as per regulatory requirements under Regulation 44 of SEBI LODR Regulations, 2015. The director re-appointment disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations.

The successful completion of the postal ballot with overwhelming support reflects strong shareholder confidence in the company's governance decisions and strategic direction, particularly in continuing with experienced independent directors for their second terms.

United drilling tools Limited has issued an important notice to its shareholders regarding unclaimed dividend for the financial year 2018-19 and the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. The notice, dated March 24, 2026, has been published in compliance with Regulation 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Legal Framework

The notice has been issued in accordance with the relevant provisions of the Companies Act, 2013, along with the Investor Education & Protection Fund Authority (Accounting, Audit, Transfer & Refund) Rules, 2016, as notified by the Ministry of Corporate Affairs. Under the IEPF Authority Rules, 2016, all equity shares of the company on which dividends remained unpaid or unclaimed for seven consecutive years or more will be transferred to the Demat Account of the IEPF Authority.

Critical Deadlines for Shareholders

Shareholders are requested to approach the company's designated Registrar & Share Transfer Agents or the company directly on or before April 24, 2026, to claim their unpaid 1st interim dividends for the financial year 2018-19. The company has emphasized that if dividends remain unclaimed beyond April 30, 2026, the corresponding equity shares will be transferred to the IEPF Authority as per applicable rules.

Impact on Physical Share Certificates

For shareholders holding shares in physical form whose shares are liable to be transferred to the IEPF Authority, the transfer will be executed by issuance of duplicate share certificates. Subsequently, these duplicate certificates will be transferred to the IEPF Authority. The original share certificates held by the concerned shareholders will automatically stand cancelled upon this transfer.

Contact Information and Support

Shareholders can approach either of the following entities for claims or clarifications:

Registrar & Share Transfer Agents:

• M/s Beetal Financial & Computer Services (P) Ltd.
• Address: Beetal House, 3rd Floor, 99, Madangiri, Behind Local Shopping Centre, New Delhi - 110062
• Contact: 011-29961281/82/83
• Email: BEETALRTA@GMAIL.COM

Company Direct Contact:

• United Drilling Tools Limited
• Address: 26th Floor, Astralis Tower, Supernova Complex, Sector - 94, Noida - 201301
• Contact: 0120-4842400, 4162715 & 4729610
• Email: COMPSECT@UDTLTD.COM

Important Considerations

The company has clarified that once shares are transferred to the IEPF Authority, claims thereafter can only be made through the IEPF Authority under prescribed procedures. No claim shall lie against the company in respect of shares transferred to the IEPF Account. Affected shareholders can find detailed information by visiting the company's website under the Investor tab at the dividend section. The notice was signed by Anand Kumar Mishra, Company Secretary, emphasizing the company's commitment to regulatory compliance and shareholder protection.