Oil Country Tubular Limited — QIP/Rights/Pref., 01-01-2025: Allotment of Securities

Oil Country Tubular Limited has allotted 1,38,46,154 Zero Coupon Optionally Convertible Non-Cumulative Preference Shares (OCPS) of Rs.10 each, priced at Rs.65 per share, to United Steel Allied Industries Private Limited. Following shareholder approval, this move allows for potential conversion within 18 months or redemption before 10 years. This issuance supports the company's strategic objectives, aligning with its growth plans. The single investor in this allotment reinforces the company’s commitment to its promoters while boosting its capital structure.