United Drilling Tools Ltd. — AGM Information 2023

Sep 26, 2023

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UNITED DRILLING TOOLS LTD. CIN : L29199DL1985PLC015796

OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES

Phones : +91-120 – 4842400, - 4162715, 4729610 Fax No .: +91-120 – 2462675 USE PREFIX FOR CALLING From outside country – 91 – 120 From outside state – 0120 From New Delhi – 0120

Please Reply to Head Office

26[th] Floor, Astralis Tower, Supernova Complex, Sector-94, Noida - 201301, Distt. G B Nagar,Uttar Pradesh, India E-mail : ENQUIRY@UDTLTD.COM Website : WWW.UDTLTD.COM

26/09/2023

UDT/SEC/2023-24/BSE-40-NSE-40

To, Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Security ID - 522014

Listing Compliance Department National Stock Exchange of India Ltd. Exchange Plaza, C-1 Block-G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Security ID - UNIDT

Sub: Proceedings of 41[st] Annual General Meeting (‘AGM’)

Dear Sir/Madam,

Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, we are enclosing herewith the proceedings of 41[st] Annual General Meeting of United Drilling Tools Limited (‘the Company’) was held on today, the 26[th] day of September, 2023 at 11:30 AM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) to transact the business as stated in the Notice of AGM dated August 14, 2023.

Kindly take the same on record.

Thanking You,

Yours Faithfully,

For United Drilling Tools Limited

ANAND Digitally signed by ANAND KUMAR KUMAR MISHRA Date: 2023.09.26 MISHRA 15:04:06 +05'30' Anand Kumar Mishra Company Secretary M. No. FCS-7207

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Encl; As above

Regd. Office : 139A, First Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110001

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UNITED DRILLING TOOLS LTD. CIN : L29199DL1985PLC015796

OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES

Phones : +91-120 – 4842400, - 4162715, 4729610 Fax No .: +91-120 – 2462675 USE PREFIX FOR CALLING From outside country – 91 – 120 From outside state – 0120 From New Delhi – 0120

Please Reply to Head Office 26[th] Floor, Astralis Tower, Supernova Complex, Sector-94, Noida - 201301, Distt. G B Nagar,Uttar Pradesh, India E-mail : ENQUIRY@UDTLTD.COM Website : WWW.UDTLTD.COM

Proceedings of 41[st] AGM of United Drilling Tools Limited

The 41[st] Annual General Meeting of the Company was held on today, the 26[th] day of September, 2023 at 11:30 AM through Video Conferencing (VC) / other audio visual means (OAVM) to transact the business stated in the AGM Notice dated August 14, 2023.

The meeting was held in accordance and compliance with the General Circulars issued by the Ministry of Corporate Affairs (‘MCA’) and circulars issued by the Securities and Exchange Board of India (‘SEBI’) and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder.

The Directors, Statutory Auditors, Secretarial Auditors-cum-Scrutinizer Senior Management and other invitees of the Company were present at the meeting through VC / OAVM from different locations.

Mr. Anand Kumar Mishra, Company Secretary welcomed the members and other dignitaries to the meeting and briefed them on certain information and guidelines relating to their participation at the meeting.

After that the Directors of Board, Auditors and special Invitee present at the AGM introduced themselves to the shareholders.

Mr. Pramod Kumar Gupta, Chairman of the Company, chaired the Meeting and welcomed all shareholders, auditors and other invitees who joined over VC and he delivered his speech.

The chairman announced that Quorum being present, called the meeting to order and informed to the shareholders following items of business, as per the Notice of AGM dated August 14, 2023, which were placed at the meeting. Shareholders were provided a facility to ask questions or express their views.

Following resolutions as set forth in the 41[st] AGM notice were placed;

Regd. Office : 139A, First Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110001

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UNITED DRILLING TOOLS LTD. CIN : L29199DL1985PLC015796

OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES

Phones : +91-120 – 4842400, - 4162715, 4729610 Fax No .: +91-120 – 2462675 USE PREFIX FOR CALLING From outside country – 91 – 120 From outside state – 0120 From New Delhi – 0120

Please Reply to Head Office

26[th] Floor, Astralis Tower, Supernova Complex, Sector-94, Noida - 201301, Distt. G B Nagar,Uttar Pradesh, India E-mail : ENQUIRY@UDTLTD.COM Website : WWW.UDTLTD.COM

ORDINARY BUSINESS

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Type of
Item No. Particulars
Resolution
Ordinary Business
1. To receive, consider and adopt the Audited Financial Ordinary
Statements (Standalone & Consolidated) of the Company for
the financial year ended March 31, 2023, together with the
reports of the Board of Directors (‘the Board’) and Statutory
Auditor’s thereon;
2. To consider and approve Two (02) Interim Dividend(s) and Ordinary
also a Final Dividend of ₹ 0.60 paisa per Equity Share to the
eligible Shareholders / Members, aggregating to ₹ 1.80/- only
per equity share of ₹ 10/- each fully paid-up for the FY ended
March 31, 2023.
3. To appoint a Director in place of Mr. Kanal Gupta, having
DIN: 01050505, who retires by rotation and being eligible, Ordinary
offers himself for re-appointment.
4. To consider and approve appointment of M/s Sarupria
Somani & Associates, Chartered Accountants (ICAI Firm Ordinary
Registration Number - 010674C) as Statutory Auditors of the
Company.
Special Business
5. To consider and ratify remuneration payable to the Cost
Auditors of the Company for the financial year ending March Ordinary
31, 2024.
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The Chairman further informed the members that the Company had provided remote e- voting facility to the members to cast their votes on all the resolutions set forth in the AGM Notice. Members who were participating in the meeting and those who had not cast their votes through remote e-voting, were provided an opportunity for 30 minutes to cast their votes through e-voting after conclusion of AGM.

Regd. Office : 139A, First Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110001

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UNITED DRILLING TOOLS LTD. CIN : L29199DL1985PLC015796

OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES

Phones : +91-120 – 4842400, - 4162715, 4729610 Fax No .: +91-120 – 2462675 USE PREFIX FOR CALLING From outside country – 91 – 120 From outside state – 0120 From New Delhi – 0120

Please Reply to Head Office 26[th] Floor, Astralis Tower, Supernova Complex, Sector-94, Noida - 201301, Distt. G B Nagar,Uttar Pradesh, India E-mail : ENQUIRY@UDTLTD.COM Website : WWW.UDTLTD.COM

The Chairman gave opportunity to the Members who had registered themselves as Speakers to ask questions or seek clarifications on the Business items.

On the invitation of the Chairman, Members who had registered themselves as speakers, addressed the Meeting through VC / OAVM and sought clarifications on the Company’s accounts and businesses. The Chairman responded to the queries of the Shareholders and provided clarifications.

The Chairman informed to the shareholders that M/s Balraj Sharma & Associates is Scrutinizer for this AGM, to scrutinize the remote e-voting & venue e-voting and will provide the consolidated report at earliest and authorised Mr. Anand Kumar Mishra, Company Secretary, to declare the results of the voting and place the results on the website of the company at the earliest.

The Chairman concluded 41[st] AGM with vote of thanks to all shareholders, board members, auditors and others invitee for continued support and their participation in this meeting.

The e-voting facility was kept open for the next 30 minutes to enable the members to cast their vote after conclusion of AGM.

The meeting commenced at 11.30 AM and concluded at 12:33 PM (excluding time allowed for e-voting at AGM).

Yours Faithfully,

For United Drilling Tools Limited ANAND Digitally signed by ANAND KUMAR KUMAR MISHRA Date: 2023.09.26 MISHRA 15:04:31 +05'30' Anand Kumar Mishra Company Secretary M. No. FCS-7207

Regd. Office : 139A, First Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110001