Outcome of the Board Meeting held on 05.11.2026

November 05, 2026 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400 051, Maharashtra, India. Maharashtra, India. BSE Code: 500313 NSE Symbol: OILCOUNTUB Dear Sir/Madam, Sub: Outcome of Board Meeting held on November 05, 2026. Pursuant to Regulation 30 and 33 (3) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e., November 05, 2026, has inter-alia, transacted the following: A. Approved the Un-Audited Standalone Financial Results for the quarter and Half Year ended September 30, 2026. B. Approved the Limited Review Report on the Un-Audited Standalone financial results as issued by M/s. CKS Associates LLP, Statutory Auditors of the Company. C. Revaluation of the Land & Buildings and Plant & Machinery of the Company in Compliance with the applicable Indian Accounting Standards (Ind As). A copy of the said results together with a copy of Limited Review Report issued by the statutory auditors is enclosed herewith. The above information will also be available on the website of the Company at www.octlindia.com. The Board meeting commenced at 09:30 A.M. (IST) and concluded at 01:10 P.M. (IST). Thanking you, Yours faithfully, for Oil Country Tubular Limited Suryawanshi Vaibhav Suryakant Company Secretary & Compliance Officer, ACS: 72171 Encl: as above Annexture-1 C. REVALUATION OF THE ASSETS OF THE COMPANY IN COMPLIANCE WITH THE APPLICABLE INDIAN ACCOUNTING STANDARDS (IND AS). In compliance with the provisions of under Paragraphs 31 and 34 of Ind AS 16, the Company carried out its earlier revaluation and useful life reassessment in January 2023. In October 2026, the Company undertook a periodic review of the fair values and useful lives of its Land, Buildings and Plant & Machinery, so that carrying amounts do not differ materially from fair values. For this purpose, revaluation assessment has been done by independent IBBI Registered Valuers. The Board approved the revaluation reports submitted by the valuers. The remaining useful lives have been reassessed at 8 years for Buildings and 6 years for Plant & Machinery. The change in useful life is a change in accounting estimate and will be applied prospectively under Ind AS 8 and Ind AS 16. Carrying Revalued Value Amount Sr No Particulars Rs. Cr Rs. Cr 1 Land 74.80 88.36 2 Buildings 40.71 44.44 3 Plant & Equipment 93.27 95.82 Total 208.78 228.62 Details of the revaluation are given as above. In summary, the aggregate carrying value of Land, Buildings and Plant & Machinery increased from ₹208.78 crore to ₹228.62 crore, an increase of ₹19.84 crore pursuant to the revaluation assessment. As the valuation date falls after the reporting date, the revaluation has not been reflected in the results for the quarter and half year ended 30 September 2026. Due to the revaluation assessment, there shall be a reduction in the depreciation from the quarter ending 31 December 2026. Please take the above information on record. Thanking you, Yours faithfully, for Oil Country Tubular Limited Suryawanshi Vaibhav Suryakant Company Secretary & Compliance Officer, ACS: 72171 CKS Associates LLP Chartered Accountants (Formerly known as C K S Associates) Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors OIL COUNTRY TUBULAR LIMITED 1. We have reviewed the accompanying Statement of Unaudited Financial Results of OIL COUNTRY TUBULAR LIMITED (the "Company") for the quarter ended September 30, 2026 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410. "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 87, 1st Floor, 1-2-593/4/A, Road No. 3, Domalguda, Gagan Mahal, Himayathnagar, Hyderabad - 500029. Telangana, India. Tel : (0) +91 -40- 2762 1107 / 2762 1108 / 95731 74440 e-mail: admin@cksassociates.org CK. Associates LLP Chartered Accountants Continuation Sheet (Formerly known as C K S Associates) 4. B b m s ti mea pe hs al es esa ni c ue se ni e id uv f ed n e r i f ro t ee o n t hdm irh e ne muao r at n nu we tdtr hut ie n ih or rp d ce ne r e v Si ra rn ei ic ec ace ti qc t nw ip uio d l i oc m te rono p os t e n a h d1 bd ln e 3 eu a r ty 3 ic o di d a t io n c be sfdg c ed o o lt u oSa hw dns set in ta sa C dit cb ,i oe n l o nm gm o v e sp rpte n e a rh, t tdie n h, n n ai ica to p e ni ft r s ipoh tte l ri eA ep cen rc sa osg t m nr a g , s te i eh ad d n2a io es 0 nfIi r 1 sn n ac 3 t d l ao ha i l nem ac a y ysc ne L ao ma icArt asm co d c tte e a c eio pnn ro nu td ic gur ee ae n d ld Rta , ewt ii mgnt i n i ure t sg Ie ln h sn t a a d tSi d tt i ao t iah tn wa o,e e in n t mhd t srh ea ,a ha e ns r t c t r d io n .ec s ng o la cn teu li ( vs d u‘t ae I i di nns s io td c nn u l g rAs ou a S sl tn ’t e e hdo ) s d e For C KS ASSOCIATES LLP Chartered Accountants FRNA: 0b07s39 0S/S 000218 N.V.S. SRIKRISHNA Partner M.No. 025139 UDIN: 2602 S1233C PM HAP 9286 | Hyderabad November 05, 2026 OIL COUNTRY TUBULAR LIMITED STATEMENT OF ASSETS AND LIABILITIES (Rs.in lakhs) As at As at PARTICULARS Note No. 30.09.2026 31.03.2026 Un Audited Audited l. |ASSETS 1. NON CURRENT ASSETS a. Property, Plant and Equipment 1 20,980.69 24,202.32 b. Capital Work in Progress 2 978.62 74.00 c. Intangible Assets 3 16.31 17.27 d. Financial Assets - Other Financial Assets 4 104.46 60.96 e. Other Non Current Assets 5 83.02 130.18 22,163.10 24,484.73 2. CURRENT ASSETS a. Inventories 6 3,282.61 3,470.54 b. Financial Assets - Trade Receivables 7 1,126.19 1,238.82 - Cash and cash equivalents 8. 694.39 808.95 - Other Bank Balances ; 9 725.37 669.84 - Other Financial Assets 10 32.33 32.58 c. Current Tax Assets (Net) 11 59.29 55.25 d. Other Current Assets 12 1,194.19 616.25 7,114.37 6,892.24 Total Assets 29,277.47 31,376.97 Il. /EQUITY AND LIABILITIES 1. EQUITY a. Equity Share Capital 13 5,618.45 5,198.95 b. Other Equity 14 13,360.78 14,543.09 18,979.23 19,742.05 2. NON CURRENT LIABILITIES a. Financial Liabilities - Borrowings 15.1 1,856.10 1,022.60 b. [Showing first 8,000 characters — download PDF for full document]