Corporate Governance21 May 2026, 09:11 pm
United Drilling Tools Revises Board Committees
AI Summary
United Drilling Tools Ltd. announced the reconstitution of several board committees following the completion of Mr. Pandian Kalyanasundaram's term as an Independent and Non-Executive Director on May 20, 2026. The Board of Directors approved these changes on May 21, 2026. Key changes include the reconstitution of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, and Risk Management Committee with revised compositions and designations.
Key Highlights
- Mr. Khitish Kumar Nayak appointed Chairman of Audit and Stakeholders Relationship Committees.
- Mr. Ved Prakash Mahawar designated Chairman of Nomination & Remuneration and CSR Committees.
- Mrs. Preet Verma named Chairperson of the Risk Management Committee.
- Revisions effective immediately following the Board meeting on May 21, 2026.
- Mr. Pandian Kalyanasundaram ceased to be an Independent Director on May 20, 2026.
Price Impact
More from UNIDT