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.

United drilling tools Ltd has announced securing a substantial order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Large Outer Diameter (OD) casing pipes. The domestic order, valued at Rs 37.28 million, represents a significant business development for the oil drilling equipment manufacturer, with the company being the sole supplier in India for these specialized products.

Order Details and Market Position

The company received the commercial order from ONGC in the ordinary course of business, with execution scheduled over 5-6 months. The order specifically involves the supply of Large OD casing pipes, which are vital components of the structural casing string installed in wellbores, playing a crucial role in stabilizing wells and supporting subsequent casing strings during offshore drilling operations.

Product Specifications and Technology

The order includes 36-inch casing connectors that incorporate advanced multi-start thread technology. This design allows faster make-up with minimal rotations, reduces the risk of cross-threading during installation, and provides the structural strength required for drivable conductor casing. These features help operators improve installation efficiency while ensuring reliability in demanding offshore conditions.

Shri Jyoti Kumar, GM-Sales and Marketing, commented on the order, highlighting the technical advantages of these specialized products that contribute to operational safety, structural integrity, and long-term reliability of wells operating in challenging offshore environments.

Market Environment and Growth Prospects

Considering the geopolitical tensions involving Israel, Iran and the United States have resulted in heightened volatility in global energy markets and a noticeable increase in international crude oil prices. In view of the anticipated increase in drilling activity driven by higher crude oil prices, the company expects a favourable demand environment for its products in the near to medium term, which may create additional growth opportunities.

Regulatory Compliance and Strategic Impact

United Drilling Tools Ltd disclosed this order under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this order does not fall within related party transactions and that promoter groups have no interest in the entity that awarded the contract.

This high-tech product will be manufactured and supplied domestically, reinforcing the company's commitment to promoting indigenous manufacturing capabilities. By producing these pipes locally, the company contributes to reducing import dependence and optimizing foreign exchange utilization, while simultaneously strengthening domestic industrial capabilities in the oil and gas equipment sector. The order also strengthens the company's order book and revenue visibility, supporting both short-term operational stability and long-term growth.