Oil Country Tubular Limited Approves Rs 6.82 Crore Term Loan Agreement for Machinery Purchase

Oil Country Tubular Limited's board of directors has approved a significant term loan agreement to fund the company's machinery expansion plans. The board meeting held on April 09, 2026, resulted in the approval of a Rs 6.82 crore loan facility from Cosmos Co-Operative Bank Limited.

Loan Agreement Details

The term loan agreement was executed on April 09, 2026, with specific provisions for machinery acquisition. The company disclosed comprehensive details of the loan arrangement as required under SEBI regulations.

Parameter: Details Loan Amount: Rs 6,82,00,000 (Rs 6.82 crores) Lender: Cosmos Co-Operative Bank Limited Purpose: Purchase of New Machinery/Equipment Nature: Secured Term Loan Agreement Date: April 09, 2026

Security and Collateral Arrangements

The loan is secured through a dual security mechanism to protect the lender's interests. The primary security involves hypothecation of the machinery and equipment to be purchased using the loan proceeds.

Additionally, the bank will hold a mortgage charge on the company's industrial property:

Location: Plot No. 5B2, Survey Nos. 245(P) & 246(P)

Address: Industrial Park, Vakalapudi, Thammavaram Village

District: Kakinada Mandal, East Godavari District, Andhra Pradesh

Property Type: Industrial Shed

Regulatory Compliance and Disclosures

The company confirmed that this transaction does not constitute a related party transaction and was conducted at arm's length. Oil Country Tubular Limited holds minimal shareholding in Cosmos Co-Operative Bank Limited, owning only 20 equity shares at Rs 100 each.

The board meeting commenced at 11:30 A.M. IST and concluded at 12:25 P.M. IST on April 09, 2026. The company has made the required disclosures under Regulation 30 of SEBI LODR Regulations, 2015, ensuring transparency for stakeholders.

Corporate Governance

The approval demonstrates the company's commitment to expanding its operational capabilities through strategic investments in new machinery and equipment. The structured approach to financing, with appropriate security arrangements, reflects prudent financial management practices.

Oil country tubular Limited has submitted its quarterly compliance certificate to the stock exchanges under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The Hyderabad-based company filed the mandatory certificate with both BSE Limited and National Stock Exchange of India Limited on April 07, 2026.

Regulatory Compliance Details

The certificate was issued pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. XL Softech Systems Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance confirmation dated April 02, 2026.

Parameter: Details Quarter Period: March 31, 2026 Filing Date: April 07, 2026 Certificate Date: April 02, 2026 Registrar: XL Softech Systems Limited

Certificate Confirmations

XL Softech Systems Limited confirmed several key compliance aspects in their certificate:

Securities received from depository participants for dematerialization during the quarter were properly confirmed to the depositories

All securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed

Security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant

Names of the depositories were substituted in the register of members as registered owners within the stipulated 30-day period

Corporate Information

The submission was signed by Suryawanshi Vaibhav Suryakant, Company Secretary and Compliance Officer (ACS: 72171), confirming the company's commitment to regulatory compliance. Oil Country Tubular Limited operates from its registered office at Kamineni, 3rd Floor, King Koti, Hyderabad, with CIN: L26932TG1985PLC005329.

Stock Exchange Details

The company maintains its listing on both major Indian stock exchanges with the following trading symbols:

Exchange: Code/Symbol BSE Limited: 500313 National Stock Exchange: OILCOUNTUB

This quarterly filing represents part of the company's ongoing regulatory obligations to ensure transparency and compliance with SEBI guidelines for depositories and participant regulations.

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