Oil Country Tubular Limited — Board Meeting, 11-11-2024: Outcome of Board Meeting

The Board of Directors has met and approved the financial results for the quarter and half-year ended September 30, 2024. Significant actions include plans for a shareholder meeting to discuss the reclassification of part of the unissued equity capital into preference shares and an alteration of the Articles of Association to facilitate this issuance. Additionally, there is a proposal to convert existing loans into Zero Coupon Optionally Convertible Preference Shares, aggregating to ₹90 crore, to be issued on a preferential basis to a promoter.