Considered and approved adoption of new set of Articles of Association pursuant to the Companies Act, 2013, as described in the Annexure.
Awaiting price reaction for this filing.
The board of Omansh Enterprises Ltd, at its meeting on 11 December 2025, approved a proposed change of the company's name to 'Pipan Oils Limited', subject to approval from the Registrar of Companies and shareholders. The board also approved altering the Object Clause of the Memorandum of Association to align with the company's future strategic plans, and adopted a new set of Articles of Association in line with the Companies Act, 2013. Additionally, Mr. Ajay Kumar Ray was appointed as Chief Financial Officer with immediate effect; he holds an MBA and brings over 29 years of experience in petroleum operations, financial management, and corporate strategy. An Extra-Ordinary General Meeting has been scheduled for 12 January 2026 to seek shareholder approval for these changes.
The name change to 'Pipan Oils Limited' combined with a new CFO experienced in petroleum operations strongly signals a strategic pivot toward the oils/petroleum business. Shareholders should watch the EGM outcome and any subsequent disclosures about the new business direction, as this represents a meaningful repositioning of the company.