Oil Country Tubular Limited — Others, 18-08-2025: Shareholders meeting

Oil Country Tubular has announced its 39th Annual General Meeting to approve the annual financial results and board changes. For the financial year 2024-25, the company reported revenue from operations of Rs 122.90 Cr and a net loss after tax of Rs 31.86 Cr. Despite the loss, operational efforts led to an EBIDTA of Rs 46 Cr and securing new orders worth Rs 155.51 Cr. The company recently issued Rs 90 Cr in Optionally Convertible Preference Shares to its promoters, converting 35.5 lakh shares into equity. Shareholders will vote on re-appointing Chairman & Managing Director K. Suryanarayana and three new non-executive directors. The company aims for future growth by participating in new tenders and diversifying into sectors like defense and aerospace.