Board Meeting18 Jun 2026, 02:43 pm
Oil Country Tubular Converts OCPS to 4.19M Equity Shares
AI Summary
Oil Country Tubular Ltd announced the allotment of 41,95,000 equity shares to United Steel Allied Industries Private Limited upon conversion of Zero Coupon Optionally Convertible Preference Shares (OCPS). This conversion increases the company's paid-up equity shares from 5,19,89,530 to 5,61,84,530. The conversion price was Rs. 65 per equity share. The company also announced its 40th Annual General Meeting (AGM) scheduled for August 12, 2026, with e-voting details provided. Additionally, the board noted a Show Cause Notice from SEBI.
Key Highlights
- 4.195 million equity shares allotted upon OCPS conversion.
- Paid-up equity shares increased to 56.18 million.
- Promoter shareholding increased to 51.17%.
- 40th AGM scheduled for August 12, 2026.
- Board noted SEBI Show Cause Notice.
Price Impact
More from OILCOUNTUB