Oil Country Tubular Ltd

Disposal by promoter group

• Target: Oil Country Tubular Limited.
• Disclosing Party: United Steel Allied Industries Private Limited (promoter group).
• Transaction type: disposal of shares via inter-se transfer.
• Pre-transaction holding: 2,14,44,165 shares (38.17%), encumbrances NIL.
• Sold 52,25,161 shares (9.30% of diluted capital) via inter-se transfer.
• Post-transaction holding: 1,62,19,004 shares (28.87%), encumbrances NIL.
• Date of transaction: 30 September 2026.
• Equity capital before/after: INR 56,18,45,300.

Transaction details

• Acquisition of 52,25,161 shares (9.30%) by Kamineni Hospitals from United Steel Allied Industries.
• Exemption under Regulation 10(1)(a)(iii) of SEBI SAST Regulations.
• Acquirer: Kamineni Hospitals Private Limited; Transferor: United Steel Allied Industries Private Limited.
• 52,25,161 shares, 9.30% of paid-up capital.
• Off-market transfer under settlement; total consideration Rs 31.35 crore (Rs 60 per share).
• Acquirer pre-transaction holding: Nil; post-transaction: 52,25,161 shares (9.30%).
• Transferor pre-transaction: 2,14,44,165 shares (38.17%); post-transaction: 1,62,19,004 shares (28.87%).
• No change disclosed in Oil Country Tubular promoter group.
• No indication of altered public shareholding.
• No SEBI or NCLT order number referenced.

Acquisition details

• Target: Oil Country Tubular Limited (OILCOUNTUB; NSE: OILCOUNTUB, BSE: 500313).
• Acquirer: Kamineni Hospitals Private Limited, promoter group; PAC: none.
• Listing: BSE Limited and NSE.
• Pre-acquisition holding: NIL shares, 0% VR; no encumbrances or warrants.
• Acquired: 52,25,161 equity shares, 9.30% of paid-up capital; price Rs 60.
• Post-acquisition holding: 52,25,161 shares, 9.30% of paid-up capital; no encumbrances.
• Mode: Inter-se transfer from USAIPL; ICD settlement.
• Date of acquisition: 28.09.2026.
• Equity capital before/after: Rs 56,18,45,300; 5,61,84,530 equity shares.
• Salient features: Transfer price Rs 60 per equity share.

Transaction details

• Acquirer: Kamineni Hospitals Private Limited; Transferor: United Steel Allied Industries Private Limited.
• Acquisition: 52,25,161 shares, 9.30% of Oil Country Tubular Limited.
• Price: Rs 60 per share; total consideration Rs 31.35 crore.

Regulatory basis

• Exemption: Regulation 10(1)(a)(iii) of SEBI SAST Regulations, 2011.

Shareholding impact

• Acquirer pre-transaction: 0 shares; post: 52,25,161 shares (9.30%).
• Transferor pre-transaction: 2,14,44,165 shares (38.17%); post: 1,62,19,004 shares (28.87%).

Settlement and promoter connection

• Seller owes Rs 36.30 crore; settlement transfer at Rs 31.35 crore.
• Acquirer not directly named promoter; closely connected to OCTL promoter through same family group.

Oil Country Tubular Ltd — Trading window closed from October 01, 2026 till 48 hours after the declaration of unaudited financial results for the quarter and Six months ended September 30, 2026.

AGM details

• 40th AGM held on 12 August 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting from 9 to 11 August 2026; voting during AGM also available.

Key resolutions

• Adopt audited financials, directors' report and auditors' report.
• Re-appointment of director by rotation.
• Re-appointment of another director by rotation.

Voting results

• All resolutions passed with requisite majority.
• Voting by an interested party excluded from relevant resolution.

AGM Details

• AGM held on 12 August 2026 at 11:00 A.M. IST via VC/OAVM.

Key Resolutions

• Ordinary Resolution 1: Adopt audited financial statements, Directors' Report and Auditor's Report for year ended 31 March 2026.
• Ordinary Resolution 2: Re-appoint Paruchuri Dheeraj Chowdary, retiring by rotation.
• Ordinary Resolution 3: Re-appoint Puja Kamineni, retiring by rotation.
• Special Resolution 4: Re-designate Paruchuri Dheeraj Chowdary as Whole-Time Director; approve remuneration.

Voting & Results

• Consolidated voting results will be placed on the company website.
• Meeting concluded at 11:40 A.M.

Audit Findings

• Statutory and Secretarial audit reports were unqualified.