Four acquirers have launched an open offer to purchase up to 44,03,007 equity shares, representing 25.12% of the expanded voting share capital of Omansh Enterprises Limited , at a price of ₹2 per share. This move follows a significant change in the company's ownership structure and comes as part of a mandatory offer under SEBI regulations.

Key Details of the Open Offer

• Acquirers: Avnish Jindal, Piyush Gupta, Nilesh Jindal, and Purshottam Kumar Gupta
• Offer Price: ₹2 per equity share
• Total Consideration: ₹88,06,014 (assuming full acceptance)
• Offer Period: November 11, 2025 to November 24, 2025

Background of the Offer

The open offer has been triggered by two key events:

1. A Share Purchase Agreement (SPA) dated June 10, 2025, where Avnish Jindal and Piyush Gupta agreed to acquire 45,00,000 equity shares (25.67% of the expanded voting share capital) from existing public shareholders.

2. The allotment of 81,25,000 equity shares to the acquirers, representing 46.35% of the expanded voting share capital, through the conversion of Compulsory Convertible Preference Shares (CCPS).

Shareholding Structure

Post the SPA and CCPS conversion, the acquirers' shareholding in Omansh Enterprises will be as follows:

Implications for Public Shareholders

Public shareholders of Omansh Enterprises now have the opportunity to tender their shares at ₹2 per share during the offer period. If the offer is fully subscribed, the acquirers' stake in the company could increase to 97.15% of the total expanded equity voting share capital.

Regulatory Compliance

The acquirers have stated their commitment to comply with minimum public shareholding requirements as per SEBI regulations. They may need to undertake measures to ensure that the public shareholding meets the required 25% threshold after the completion of the open offer.

Conclusion

This open offer represents a significant change in the ownership structure of Omansh Enterprises Limited. Public shareholders should carefully consider the offer price and their investment objectives before deciding whether to participate in the open offer.

Investors are advised to read the detailed Letter of Offer and seek independent financial advice before making any decision regarding the tender of their shares.

Omansh Enterprises Limited has announced key developments following its recent board meeting, including the approval of financial results and significant changes to its board committees.

Financial Results Approval

The Board of Directors of Omansh Enterprises Limited convened on October 31, to review and approve the unaudited financial results for the quarter and half-year ended September 30. The financial statements were subject to a limited review by the company's auditors, Singhi Chugh Kumar Chartered Accountants.

Board Committee Restructuring

In a move to strengthen its corporate governance, Omansh Enterprises has announced substantial changes to two of its key committees:

Audit Committee Reconstitution

The Audit Committee has been reconstituted with the following structure:

Stakeholders Relationship Committee Revamp

The Stakeholders Relationship Committee has also undergone changes, notably with the resignation of Krishan Kumar Jalan from this committee. The new structure is as follows:

These changes in committee compositions reflect the company's commitment to maintaining robust corporate governance practices. All newly appointed committee members hold the position of Non-Executive Independent Directors, which is aimed at ensuring impartial oversight and decision-making within these crucial corporate bodies.

The board meeting, which commenced at 12:00 Noon and concluded at 02:20 P.M., was held at the company's registered office. These developments were disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to take note of these changes, as they may have implications for the company's governance structure and decision-making processes going forward.