The Board has appointed M/s STM & Associates as the Internal Auditor of the Company for the FY 2025-26.
Awaiting price reaction for this filing.
On 22nd August 2025, the board of Omansh Enterprises Limited approved a major overhaul, beginning with a change in management that triggered the resignation of statutory auditor MKRJ & Co. The board appointed 4 new Non-Executive Independent Directors (Krishan Kumar Jalan, Sudesh Gupta, Jyoti Gupta, Parvesh Gupta) and 4 new Executive Directors (Avnish Jindal as Whole-Time Director, plus Piyush Gupta, Nilesh Jindal, and Purshottam Kumar Gupta), all effective the same day. Singhi Chugh & Kumar replaced MKRJ & Co. as statutory auditor, while NSP & Associates was named secretarial auditor for FY 2024-25 and STM & Associates (as per the headline) as internal auditor for FY 2025-26. Additionally, the board proposed changing the company's name to 'Pipan Enterprises Limited' or 'Pipan Oils Limited', approved borrowing facilities of up to ₹300 crores, and cleared the incorporation of a wholly-owned subsidiary in the UAE. All key committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted with the new independent directors.
This is effectively a change-of-control event for retail investors: a new management group has taken over the board, replaced the statutory auditor, proposed a name change, and is seeking up to ₹300 crores in borrowings plus UAE expansion. While the leadership refresh and borrowing capacity may signal aggressive growth plans, the simultaneous resignation of the prior auditor and wholesale board replacement warrant close scrutiny at the upcoming general meeting where shareholder approvals are sought.