Mr. Sudesh Gupta (DIN: 00197378) 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 with sweeping changes across the company. The existing statutory auditor, MKRJ & Co, resigned citing a 'change in management,' and Singhi Chugh & Kumar was appointed to fill the casual vacancy. The board appointed four new independent directors (Krishan Kumar Jalan, Sudesh Gupta, Jyoti Gupta, Parvesh Gupta) and four new executive directors (Avnish Jindal as Whole-Time Director, Piyush Gupta, Nilesh Jindal, and Purshottam Kumar Gupta), several of whom are disclosed as related to each other. The company also approved borrowing facilities of up to ₹300 crore, a proposed name change to 'Pipan Enterprises Limited' or 'Pipan Oils Limited,' and the incorporation of a wholly-owned subsidiary in the UAE. All key committees (Audit, NRC, SRC) were reconstituted with the new independent directors.
This filing signals a clear change in control/management at Omansh Enterprises, with a new promoter-family group taking over the board and re-shaping the company's identity, capital structure, and business direction. Shareholders should watch the upcoming general meeting, where key approvals — executive appointments, auditor replacement, ₹300 crore borrowing, name change and the UAE subsidiary — will be sought.