Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
United Drilling Tools Limited ( (IN:UNIDT) ) has provided an update.
United Drilling Tools has reconstituted several key board committees following the completion of independent director Pandian Kalyanasundaram’s second consecutive term on 20 May 2026. The board, meeting on 21 May, reassigned leadership roles to other independent directors to ensure continued compliance with the Companies Act and SEBI’s listing regulations.
Non-executive independent director Khitish Kumar Nayak has been appointed chairman of both the Audit Committee and the Stakeholders Relationship Committee, reinforcing independent oversight of financial reporting and investor relations. Ved Prakash Mahawar now chairs the Nomination and Remuneration Committee as well as the Corporate Social Responsibility Committee, while fellow independent directors and executive members, including managing director Kanal Gupta, fill the remaining positions, signaling continuity in governance and stakeholder focus despite the board change.
More about United Drilling Tools Limited
United Drilling Tools Limited is an India-based manufacturer and service provider of oil drilling equipment. Headquartered in Noida with a registered office in New Delhi, the company focuses on supplying tools and solutions to the oil and gas exploration and production sector, catering to domestic and potentially international energy markets.
Average Trading Volume: 3,134
Technical Sentiment Signal: Buy
Current Market Cap: 4.76B INR
For a thorough assessment of UNIDT stock, go to TipRanks’ Stock Analysis page.