Omansh Enterprises Ltd

AGM Details

• Date and time: 30 September 2026, 10:30 IST; mode: VC/OAVM.

Key Resolutions

• To adopt Audited Financial Statements for FY ended 31 March 2026 (Ordinary).
• To re-appoint Purshottam Kumar Gupta as Director (Ordinary).
• To change designation of Avnish Jindal to Managing Director (Special).
• To obtain prior approval for unsecured loans from Directors with conversion option (Special).
• Stock split: 1 Preference Share into 5, par Rs 2 (Special).
• Alteration in capital clause of the Memorandum of Association (Special).
• Issue up to 26,29,416 CCPS on a preferential basis (Special).
• Reclassify M/s Raconteur Granite Limited from promoter to public (Ordinary).

Voting Status

• Resolution outcomes: not disclosed in the filing.

Director Changes

• Avnish Jindal's designation changed from Whole-Time Director to Managing Director (Special).
• Purshottam Kumar Gupta reappointed as Director (Ordinary).

PIPAN OILS LTD: Trading window closed from 1 October 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half-year ending 30 September 2026

Financial performance

• No revenue from operations in FY2025-26; total income 12 Lakhs.
• Total expenses rose to 85.80 Lakhs in FY2025-26.
• Loss before tax and exceptional items: 85.80 Lakhs.
• Exceptional items: 120.96 Lakhs.
• Net loss after tax: -206.76 Lakhs.
• Earnings per share: -1.37 Rs.

Capital structure & equity

• Authorized equity shares: 1,77,50,000; Rs 2 each.
• Authorized preference shares: 25,00,000; Rs 10 each.
• Issued and paid-up equity: 1,75,28,007 shares; Rs 3.50 Cr.
• 25,00,000 CCPS converted into 1,25,00,000 equity shares.
• Record end-year equity capital about Rs 3.50 Cr.
• Raconteur Granite reclassified from Promoter to Public post year-end.
• Name changed to Pipan Oils Limited; listing effective 30 Jun 2026.

Fundraising & CCPS

• Unsecured loans up to Rs 25 Cr per lender, total up to Rs 100 Cr, with conversion option.
• Preferential issue of up to 26,29,416 CCPS at Rs 91 each.
• 1 CCPS converts to 1 equity share; mandatory within 18 months.
• Record date for CCPS: 31 Aug 2026; price determined per valuation report.
• Proceeds to be used for capex (about Rs 21.53 Cr) and general corporate (Rs 2.39 Cr).
• Offer to identified promoter/non-promoter holders; demat allotment; lock-ins apply.

Corporate actions & name changes

• Name change from Omansh Enterprises Limited to Pipan Oils Limited; MoC approval 27 Apr 2026.
• Registered office shifted to 2E, Jasola Vihar, Delhi; 04 Apr 2026.
• Books of accounts address changed to 2E, Jasola Vihar, Delhi; 04 Apr 2026.

Governance & board changes

• New management took over on 22 Aug 2025; Avnish Jindal appointed Whole-time Director.
• Directors appointed Aug 2025 include Avnish Jindal, Piyush Gupta, Nilesh Jindal, Jyoti Gupta, Parvesh Gupta.
• Independent Directors: Sudesh Gupta, Jyoti Gupta, Parvesh Gupta, Krishan Kumar Jalan.
• Audit committee reconstituted; secretarial and internal audits appointed.

Operations & strategy

• Strategic pivot to upstream oil and gas; Dipling Cluster farm-in explored.
• Deed of Assignment with Tvisha Corporate Advisors LLP; receivables/payables assigned.
• FY2025-26 generated no revenue; transition ongoing with strategic initiatives.

Risks & going concern

• Management considers going concern due to available resources and future plans.
• Risks include commodity price volatility, regulatory, capex requirements, and project delays.
• Management expects potential productivity/profit growth; depends on approvals and operations.

Audit, controls & compliance

• Statutory auditors: M/s Singh Chugh and Kumar; Secretarial: M/s Mayuri Sinha & Co.
• Internal auditor: M/s STM & Associates; no fraud reported.
• Internal controls exist and certified by auditors.
• Warrants cancellation noted; interest not payable on cancelled warrants.

Other disclosures

• Management transition notes indicate going concern assumption.
• MCA name change approvals; Warrant cancellation and future use of funds disclosed.

Meeting Details

• Date: 5 September 2026; Location: registered office of Pipan Oils Limited.

Key Agenda Items

• Proposals to raise funds via equity or other instruments, subject to shareholder approval.
• Stock split of one Rs 10 preference share into five Rs 2 shares; subject to approval.
• Alteration to MOA capital clause to reflect sub-division; authorized share capital updated to Rs 6,05,00,000.
• Any other matter with chair's permission.

Other Notes

• Trading window closed until 48 hours after Board meeting concludes.

Auditor appointments

• Board approved secretarial auditor appointment: M/s Mayuri Sinha & Co for FY 2025-26.
• Board approved internal auditor appointment: STM & Associates for FY 2026-27.
• Disclosures under SEBI circulars attached as Annexure-I and Annexure-II.

Board actions

• Board approved standalone unaudited results for the quarter ended 30 June 2026.

Review report

• Limited Review Report on unaudited results for quarter ended 30 June 2026 issued.

Corporate identity

• Erstwhile Omansh Enterprises Limited renamed Pipan Oils Limited.

Meeting details

• Board meeting held via video conferencing from 11:00 to 13:10 IST.

Financial results approved

• Unaudited standalone financial results for quarter ended 30 June 2026 approved.

Limited Review Report

• Limited Review Report on unaudited standalone results for quarter ended 30 June 2026 approved.
• Auditor stated no material misstatement in the standalone results.

Meeting Details

• Date: 14 August 2026; Time: 11:00 a.m.; Location: not disclosed.

Key Agenda Items

• Un-audited financial results for quarter ended 30 June 2026, with Limited Review Report.
• Any other matter with the Chair's permission.

Other Notes

• Trading window closed for insiders from 01 July 2026; reopens after 48 hours post results.