Pipan Oils Limited has fixed September 23, 2026 as the record date to determine shareholders eligible to vote at its 51st Annual General Meeting (AGM) scheduled for September 30, 2026. The company notified the BSE on September 7, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

The AGM will be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM) at 2:00 pm. Shareholders on record as of the specified date will be eligible to cast their votes electronically. The meeting seeks approval for several key corporate actions, including a capital infusion through Compulsorily Convertible Preference Shares.

Capital Infusion and Restructuring

The primary agenda item is the approval of a ₹239 crore preferential allotment of 26,29,416 non-cumulative, non-participating CCPS. These shares have a face value of ₹2 each and are issued at a premium of ₹89, resulting in an issue price of ₹91. The allotment targets 56 investors from both promoter and non-promoter categories. The securities must be mandatorily converted into equity shares within 18 months of allotment.

Additionally, the board approved the sub-division of preference shares in a 1:5 split. One preference share with a face value of ₹10 will be divided into five shares of ₹2 each. This restructuring aims to enhance liquidity and broaden the shareholder base, requiring an amendment to the Memorandum of Association to reflect an authorized share capital of ₹6,05,00,000.

Additional Board Approvals

The board also approved several other resolutions:

• Re-designation of Mr. Avnish Jindal from Whole-time Director to Managing Director, effective September 5, 2026.
• Authorization to raise up to ₹100 crore via unsecured loans from directors and promoters, with an option to convert into equity shares.
• Re-appointment of Mr. Purshottam Kumar Gupta as Director, who retires by rotation.
• Re-classification of M/s Raconteur Granite Limited from the ‘Promoter/Promoter Group’ category to the ‘Public’ category.

Trading Window and Book Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for Pipan Oils securities remains closed. It will reopen 48 hours after the conclusion of the board meeting. The Register of Members and Share Transfer Books will remain closed from September 27, 2026, to September 30, 2026, for the purpose of annual book closing. Remote e-voting is open from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm.

Pipan Oils Limited appointed new secretarial and internal auditors during its board meeting held on September 1, 2026. The appointments were made to ensure compliance with regulatory requirements for the upcoming financial years.

The Board of Directors approved the appointments on the recommendation of the Audit Committee. The meeting commenced at 1:00 pm and concluded at 1:30 pm.

Auditor Appointments

The company appointed M/s Mayuri Sinha & Co as its Secretarial Auditor for the Financial Year 2025-26. The firm holds Membership Number A48931 and Certificate of Practice Number 20036. The appointment date is recorded as September 1, 2026.

Additionally, Pipan Oils appointed M/s STM & Associates as its Internal Auditor for the Financial Year 2026-27. The Chartered Accountants firm holds Firm Registration Number 026252N. The appointment date for this role is August 31, 2026.

Firm Profiles

Mayuri Sinha & Co provides integrated secretarial advisory services, including legal due diligence, corporate governance compliance, and audit services. The firm also handles board management and corporate restructuring.

STM & Associates is a professionally managed Chartered Accountancy firm with over 38 years of experience. It offers comprehensive financial, audit, taxation, and advisory services to individuals and organizations.