Philodrill : Amendments to By-Laws

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Feb 16, 20222. SEC Identification Number 386833. BIR Tax Identification No. 000-315-612-0004. Exact name of issuer as specified in its charter The Philodrill Corporation 5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 8th Floor Quad Alpha Centrum Bldg., 125 Pioneer St. Mandaluyong CityPostal Code15508. Issuer's telephone number, including area code [phone] to 529. Former name or former address, if changed since last report N.A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	191,868,805,358

11. Indicate the item numbers reported herein Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

The Philodrill CorporationOV PSE Disclosure Form 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendments to By-Laws

Background/Description of the Disclosure

At the regular Board Meeting of The Philodrill Corporation held today, February 16, 2022, the Board approved the amendment of Article I, Sections 1 to 6 and Article III Section 1 of the Company's By-Laws relating to the alternative mode of conducting Annual Stockholders' meeting in accordance with the requirements of the Securities and Exchange Commission.

Date of Approval by Board of Directors	Feb 16, 2022
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article and Section Nos.	From	To
ARTICLE I SECTION 1	Please refer to the attached	Please refer to the attached
ARTICLE I SECTION 2	Please refer to the attached	Please refer to the attached
ARTICLE I SECTION 3	Please refer to the attached	Please refer to the attached
ARTICLE I SECTION 4	Please refer to the attached	Please refer to the attached
ARTICLE I SECTION 5	Please refer to the attached	Please refer to the attached
ARTICLE I SECTION 6	Please refer to the attached	Please refer to the attached
ARTICLE III SECTION 1	Please refer to the attached	Please refer to the attached

Rationale for the amendment(s)

The amendments in the Company's By-Laws are pursuant to the SEC requirements, in keeping pace with the changes in technology.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the By-Laws with the SEC	TBA
Expected date of SEC approval of the Amended By-Laws	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The amendment will greatly favor the Company's stockholders as it will provide alternative modes of attending annual meetings and a more convenient access for them to attend, especially during times like this pandemic. We believe these amendments will not affect the Company's operation nor its capital structure.

Other Relevant Information

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Filed on behalf by:

Name	Josephine Ilas
Designation	Assistant Corporate Secretary