United Drilling Tools Ltd. — AGM Information 2019

Sep 23, 2019

UNITED DRILLING TOOLS LTD.

CIN : L29199DL 1985 PLCO15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES (INCLUDING ISO 140011004 8: OHSAS 18001:2007)

Phones :+91-o12043424oo

From Om side Count . . ry 91 12° E-mnll : enqulry@udtltd.com :2: 3:;sllafihfimm .312: Webslte : www.udtltd.com

. 2462673, 422177., Please Reply to Head Office

Fax No. ¹ +91 -0120-2462675 A-ZZ, Phase-II, Maiden-201305 usr.= PREFIX FOR CALLING - ms"- Gama" 3"" "39"" Uttar Pradesh. Indla

21/09/2019

To, The Corporate Relationship Department, BSE Limited PJ Tower, Dalal Street, Mumbai - 400001

Subject: Summary of Proceedings of 37"l Annual General Meeting of United Drilling Tools Limited as per Regulation ³⁰ of SEBI (LODR) Regulations ²⁰¹⁵

Dear Sir/Mam,

We would like to inform you that the 37''1 Annual General Meeting of the Company was held on Friday, 20'h Day of September, ²⁰¹⁹ at 11:00 AM. at Maharani Bagh Community Centre, ¹ Central Avenue Maharani Bagh, New Delhi — 110065 to transact the businesses as stated in the notice dated 21SI day ofAugust, 2019.

In this regard, Please find enclosed herewith summery of proceedings of the Annual General Meeting of the Company as required under regulation 30, Part A of Schedule III ofthe SEBI (LODR) Regulations, 2015.

This is for your information and records.

Thanking you

Yours Faithfully For United Drilling Tools Limited

Pramod ell-1L4 Kumar tha Company Secretary

Encl;

UNITED DRILLING TOOLS LTD.

CIN : L29199DL1985 PLCO 15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES (INCLUDING ISO 14001:2004 8: OHSAS 18001:2007)

Phones : +91-0120-4642400

From Out nldo Uttar Pradesh. Indla Country - 91-120 From Out sldo State - ⁰¹²⁰ E41": ' From New Dolhl _ ⁰¹²⁰ We l toenquirycaudtltdcom . www.u lltd.com

1. ^4221717 Please Reply to Head Office

Fax N°' '*91'°12°'2"2°75 A-zz, Phase-ll. Nelda-201305 use PREFIX FOR CALLING . Dlm- Glutflm Budh Nasar .

Proceedings of AGM:

Mr. P. K. tha, Company Secretary welcomed the members and introduced the Directors and officials sitting on the dais.

Mr. P. K. Gupta, Chairman ofthe Company, chaired the Meeting.

The requisite quorum being present, The Chairman called the meeting in order.

The Chairman delivered his Speech.

The members was informed that those who have not casted their vote via remote e-voting can vote through polling papers at the AGM venue.

He further informed that there would be no voting by show of hands and further informed that Board has appointed M/s Balraj Sharma & Associates, Practicing Company Secretaries, Delhi as the scrutinizer to supervise the e-voting and ballot voting process.

As per AGM notice dated 21—08-2019, convening the AGM of the company, the following businesses was transacted at the AGM:-

ORDINARY BUSINESS

• 1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 3lst March 2019, together with the reports of Board ofDirectors and Auditor's thereon.
• 1. To appoint ^a Director in place of Mr. Kanal Gupta, having DIN: 01050505, who retires by rotation and being eligible, offers himself for re-appointment.
• 1. Re-appointment of M/s ^{R S} Dani & C0,, Chartered Accountants as Statutory Auditors of the Company.
• 1. To confirm the payment of interim dividend on equity shares and to declare ^a Final Dividend on paid up Equity share ca-ital of the Company for the financial year 2018-19.

CIN : L29199DL 1985 PLCO 15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES (INCLUDING ISO 14001:2004 & OHSAS 18001:2007)

Phones : +91-0120-4842400

2452573, ^4221777 Please Reply to Head Office

Fax No. :+91-0120-24szs75 11.22, Phase-ll, Nome-201305 91-120 War traded}. India ⁰¹²⁰ 3m" 43m!" W@"d'"d-°°m ⁰¹²⁰ obslte . www.udtltd.com

USE PREFIX FOR CALLING - D'sfi- Gama!" Budh Nani". From om side Country . From om ulde smo - From Now Dolhl _

SPECIAL BUSINESS

• 1. Rte-appointment of Mr. Shiv Sharan Kumar Bhagat (DIN: 00841981), as an Independent Director ofthe Company.
• 1. Re—appointment of Mr. Krishan Diyal Aggarwal (DIN: 00861164), as an Independent Director of the Company.
• 1. Increase in the remuneration of Mr. Pramod Kumar Gupta (DIN 00619482), Chairman and Managing Director of the Company.

The members were informed that the results of the e-voting and ballot/ poll conducted at the AGM of the company will be submitted within ⁴⁸ hours of the conclusion of the AGM to the stock exchange and same will be displayed on the website ofthe company.

The Chairman authorized the Company Secretary to declare the results of voting and place the same on the website of the Company.

The member present at the Meeting were given an opportunity to ask question and seek clarification.

The meeting was concluded with ^a vote ofthanks to the Chairman.

This is for your information and records.

Thanking You

Yours Faithfully, For United drilling Tools Limited

Pramod 43b Kumar tha Company Secretary