Please find attached our intimation regarding the Application for reclassification of Promoter from "Promoter" category to "Public" category under Regulation 31A of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Pipan Oils Ltd (formerly Omansh Enterprises Ltd) has filed an application with BSE on 2nd June 2026 to reclassify one entity, Raconteur Granite Limited, from the 'Promoter/Promoter Group' category to the 'Public' category. Raconteur Granite holds 5,00,000 equity shares representing 2.85% of the company's shareholding. This follows an earlier intimation dated 28th May 2026. The reclassification is being sought under Regulation 31A of the SEBI (LODR) Regulations, 2015, which is the formal process for entities that no longer meet promoter criteria to be reclassified as public shareholders.
If approved, the promoter group's collective shareholding will reduce by 2.85%, and these shares will shift into the public shareholding category. This is a procedural reclassification rather than an actual share sale, so it is unlikely to cause any direct price movement, but it changes the promoter/public shareholding breakdown disclosed to the market.