The Board considered and approved the appointment of Mr. Ajay Kumar Ray as the Chief Financial Officer (CFO) of the Company with immediate effect.
Awaiting price reaction for this filing.
On 11th December 2025, the Board of Omansh Enterprises Limited approved a package of major corporate changes in a single meeting. The company plans to change its name from 'Omansh Enterprises Limited' to 'Pipan Oils Limited', subject to Registrar of Companies and shareholder approval, indicating a likely strategic shift toward the oils business. The Board also approved altering the Object Clause of the Memorandum of Association to align with future business plans, and adopting a new set of Articles of Association in line with the Companies Act, 2013. Mr. Ajay Kumar Ray, an MBA with over 29 years of experience in petroleum operations, financial management, and corporate strategy, was appointed as the new Chief Financial Officer with immediate effect. An Extra-Ordinary General Meeting has been scheduled for 12th January 2026 to seek shareholder approval for these resolutions.
The proposed name change to 'Pipan Oils Limited' and the new CFO's petroleum-sector background strongly suggest a strategic pivot into the oils business, which could meaningfully reshape the company's future direction. Shareholders should monitor the 12th January 2026 EGM outcomes, as these changes represent a significant transformation of the company's identity and business scope.