Oil Country Tubular Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board of Directors of Oil Country Tubular Limited has announced a board meeting on 29 January 2025 during which they approved the standalone unaudited financial results for the quarter ending 31 December 2024. The company reported a total income of ₹4,195.77 crore and a net profit of ₹164.37 crore for the quarter. Additionally, 35,50,000 equity shares were allotted to United Steel Allied Industries Private Limited following the conversion of optionally convertible preference shares. This increases the total paid-up equity shares to 4,78,39,530 and the promoter group's shareholding from 49.22% to 52.99%.