Mr. Krishan Kumar Jalan (01767702) has been appointed as the Additional Non-Executive Independent Director of the Company.
Awaiting price reaction for this filing.
Omansh Enterprises held a board meeting on 22nd August 2025 resulting in sweeping changes across the company. The board appointed 4 new independent directors (Mr. Krishan Kumar Jalan, Mr. Sudesh Gupta, Mrs. Jyoti Gupta, Mr. Parvesh Gupta) and 4 new executive directors (Mr. Avnish Jindal as Whole-Time Director, plus Mr. Piyush Gupta, Mr. Nilesh Jindal, and Mr. Purshottam Kumar Gupta), with the new executive directors being interrelated to each other. Statutory auditor MKRJ & Co resigned citing 'change in management,' and Singhi Chugh & Kumar was appointed to fill the casual vacancy. Additionally, the board approved a proposed name change to 'Pipan Enterprises Limited' or 'Pipan Oils Limited,' borrowing facilities up to ₹300 crores, and the incorporation of a wholly owned subsidiary in the UAE.
This filing points to a significant change of control, with a new promoter/family group (Jindal-Gupta) taking executive charge of the company. Shareholders should track the upcoming EGM for approval of new directors and the ₹300 crore debt, while the name change and UAE subsidiary signal a strategic pivot that could materially reshape the business.