United Drilling Tools Limited Reappoints Independent Directors for Five-Year Term
United Drilling Tools Limited has announced the re-appointment of two non-executive independent directors, Mr. Ved Prakash Mahawar and Mrs. Preet Verma. The directorship appointments have been confirmed for their second term, commencing on June 25, 2026, and extending until June 24, 2031.The company confirmed the continuation of both individuals as Non-Executive Independent Directors following the approval by members through Postal Ballot.
Both Mr. Mahawar and Mrs. Verma will serve a five consecutive years term beginning on June 25, 2026. Furthermore, the company stated that neither director has any relationship with other Board members.
A detailed overview of the directors' experience and the terms of their appointment is provided below:
| Director Name | Role/Status | Term Duration | Profile Summary |
|---|---|---|---|
| Mr. Ved Prakash Mahawar | Non-Executive Independent Director | June 25, 2026 to June 24, 2031 | Possesses around 45 years of vast experience in petroleum product manufacturing and its use in the field for oil and gas equipment. |
| Mrs. Preet Verma | Non-Executive Independent Director | June 25, 2026 to June 24, 2031 | Has vast experience with the Indian Audit and Accounts Services, serving as Principal Director of Audit at the Office of the CAG of India and as COO of Tech Mahindra Foundation. |
The company confirmed that neither director is debarred from holding the office of Director by virtue of any order issued by SEBI or any other competent authority.
UNIDT Stock Price Movement
Shares of United Drilling Tools Limited are edging higher to ₹219.22 as of 2:21 PM, gaining 0.27% in live trading. The equity has seen a volatile session, trading between a low of ₹215.51 and a high of ₹224 during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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