United Drilling Tools Limited, a leading oil drilling equipment manufacturing and services company in India, has recently announced a key leadership change that is poised to impact its corporate governance and strategic direction. Mr. Pramod Kumar Gupta, previously serving as Managing Director, has tendered his resignation from this executive role but will continue to serve the company as Chairman and Non-Executive Director, effective August 12, 2025. This change has been formally approved by the Board of Directors, marking a significant update in the company's executive management structure.

The board meeting confirmed that Mr. Gupta's resignation from the position of Managing Director has been accepted with immediate effect, and he will continue to oversee the company's strategic priorities in his capacity as Non-Executive Chairman. This move aligns with broader trends in corporate governance where seasoned leaders transition into non-executive roles to provide strategic oversight while allowing operational responsibilities to be delegated to other executives. The designation change also complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency and disclosure to investors, stakeholders, and regulatory authorities.

As per the disclosure requirements under Regulation 30 read with Schedule III of the SEBI Listing Regulations, the company has provided detailed information regarding Mr. Gupta’s change in designation. It is important to note that Mr. Gupta has no other familial or professional relationships with the current board members, except for his son, Mr. Kanal Gupta, ensuring compliance with governance standards and mitigating any potential conflict of interest concerns.

The company's official release highlights that Mr. Gupta's transition from Managing Director to Non-Executive Chairman is a strategic decision intended to leverage his extensive industry experience in steering the company's long-term objectives while empowering operational leadership to focus on day-to-day execution. Mr. Gupta has been a pivotal figure in the company's growth trajectory and his continued involvement as Chairman ensures that United Drilling Tools maintains consistency in its corporate strategy and management practices.

This leadership update comes at a critical juncture for United Drilling Tools Limited, which continues to strengthen its position in the oil drilling equipment sector in India. By retaining Mr. Gupta as Chairman, the company benefits from his deep understanding of the industry, extensive network, and ability to guide the board on strategic investments and operational decisions. His resignation as Managing Director allows the company to bring in fresh executive perspectives while keeping corporate governance and strategic oversight intact.

The disclosure was officially submitted to both BSE Limited and the National Stock Exchange of India, reflecting the company’s commitment to maintaining regulatory compliance under SEBI guidelines. This move is also expected to reassure investors and market participants of the company's adherence to best practices in board management, transparency, and executive accountability.

In addition to fulfilling regulatory obligations, this announcement underscores United Drilling Tools’ dedication to strong corporate governance, aligning with global standards and investor expectations. Stakeholders can expect continuity in strategic direction while benefiting from a refreshed executive approach to operational management. Mr. Gupta's position as Non-Executive Chairman provides the board with seasoned leadership capable of balancing long-term strategic goals with the operational autonomy of executive management.

Overall, the change in designation for Mr. Pramod Kumar Gupta reflects both a natural evolution of leadership within United Drilling Tools and a commitment to transparency under SEBI Listing Regulations. The company's proactive approach to governance, disclosure, and strategic leadership demonstrates its readiness to navigate market opportunities while ensuring robust oversight and continuity in management practices. As of August 12, 2025, Mr. Gupta’s role as Non-Executive Chairman is officially recognized, signaling a new chapter in the company’s journey toward growth, innovation, and sustained industry leadership.

The announcement also clarifies that apart from Mr. Gupta’s son, Mr. Kanal Gupta, there are no other familial relationships between the board members, reaffirming the company's adherence to conflict-of-interest regulations. The market and stakeholders are likely to view this development positively as it reflects a careful balance between experienced leadership and modern corporate governance practices, ensuring United Drilling Tools Limited continues to grow sustainably in India’s competitive oil drilling equipment manufacturing and services industry.

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