The Board has appointed M/s NSP & Associates as the Secretarial Auditor of the Company for the FY 2024-25
Awaiting price reaction for this filing.
On 22nd August 2025, Omansh Enterprises' board underwent a sweeping overhaul with the appointment of 4 new Independent Directors and 5 new Executive Directors (including a Whole-Time Director), all subject to shareholder approval at the next general meeting. The existing statutory auditor M/s MKRJ & Co resigned immediately, citing 'change in management,' and was replaced by M/s Singhi Chugh & Kumar to fill the casual vacancy; M/s NSP & Associates was appointed as Secretarial Auditor and M/s STM & Associates as Internal Auditor. The board approved a proposal to rename the company to 'Pipan Enterprises Limited' or 'Pipan Oils Limited,' reflecting a likely pivot toward the oil & gas sector. The board also approved borrowing facilities of up to ₹300 crores and the incorporation of a Wholly Owned Subsidiary in the UAE. Key committees (Audit, NRC, Stakeholders Relationship) were reconstituted with the newly appointed independent directors.
This filing points to a significant change of control/management, with a new promoter-aligned group (Jindal and Gupta families, who are related to each other but not to existing promoters) taking over the board and operations. Shareholders should watch the upcoming general meeting closely, as several transformative decisions — name change, new management, ₹300 crore borrowing, and overseas expansion — are pending their approval and could materially reshape the company's direction and risk profile.