Announcement under regulation 30 (LODR) for change in management of the Company as specified in the attachment annexed herewith.
Awaiting price reaction for this filing.
Omansh Enterprises Ltd announced sweeping changes at a board meeting on 22 August 2025. Four new Independent Directors were appointed (Krishan Kumar Jalan, Sudesh Gupta, Jyoti Gupta, Parvesh Gupta), and five new Executive Directors were inducted (Avnish Jindal as Whole-Time Director, plus Piyush Gupta, Nilesh Jindal, and Purshottam Kumar Gupta) — most of whom are related to each other but not to existing promoters, pointing to a new promoter group taking charge. The previous Statutory Auditor, MKRJ & Co, resigned citing 'change in management,' and Singhi Chugh & Kumar was brought in to fill the casual vacancy. The Board also approved a proposal to rename the company to 'Pipan Enterprises Limited' or 'Pipan Oils Limited,' plans to incorporate a wholly-owned subsidiary in the UAE, and borrowing limits of up to ₹300 crores. All key committees (Audit, NRC, Stakeholders Relationship) were reconstituted with the new independent directors.
This is effectively a change of control event — a new management group has taken over the board, prompting an auditor exit and a corporate rebrand. Shareholders should watch for the ensuing general meeting where shareholder approval is needed for the director appointments, name change, and borrowing limits; the stock may see increased volatility given the scale of the restructuring.