The Compny has entered into a Memorandum of Understanding (MoU) with a consortium of Companies as detailed in the annexure attached herewith.
Awaiting price reaction for this filing.
The board of Omansh Enterprises, at its meeting on 4th April 2026, approved entering into a non-binding Memorandum of Understanding with a consortium of four companies — Ramayna Ispat Pvt Ltd, Duggar Fiber Pvt Ltd, Mahendra Infratech Pvt Ltd, and BDN Enterprises Pvt Ltd — to acquire a participating interest in a Dipling license. The MoU is only a framework and the deal is subject to a final definitive agreement, necessary approvals, and finalised terms. Notably, the company's Executive Directors are related parties to the seller consortium, which means the transaction will need related-party approvals. The board also approved shifting the registered office to Jasola Vihar in New Delhi, opening a new bank account with Yes Bank, and authorised borrowing facilities from banks and financial institutions.
The Dipling license MoU is preliminary and non-binding, so there is no immediate change to the business or financials until a definitive agreement is signed and approvals are received. The related-party nature of the deal and the need for further disclosures should be watched closely by shareholders as it could lead to governance scrutiny.