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Outcome of Board Meeting

| Updated on October 07, 2014 Published on October 07, 2014

United Drilling Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 07,
2014, inter alia, has considered and approved the Allotment of 48,22,222 Equity Shares to all the equity shareholders of the Transferor Company i.e. Macro Steel Engineers Pvt. Ltd. in the ratio of 2:9 (i.e. Two new equity shares for every Nine equity shares) pursuant to the Scheme of Amalgamation of Macro Steel Engineers Pvt. Ltd. with United Drilling Tools Ltd., as approved by the Honble High Court of Delhi.

Source : BSE - >www.bseindia.com

Published on October 07, 2014
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