Omansh Enterprises Limited has announced significant changes to its board composition and leadership structure following a shareholders' meeting held on September 30, 2025. The company has appointed four new independent directors and made several other key appointments, signaling a strategic move to enhance its governance and operational capabilities.

Board Expansion and New Appointments

The shareholders approved the appointment of four independent directors:

1. Krishan Kumar Jalan: A former Indian Administrative Service officer with 35 years of experience, Jalan has served on the boards of prominent companies such as UNO Minda Limited, Titagarh Rail Systems Limited, and PNC Infratech Limited.

2. Parvesh Gupta: A Chartered Accountant bringing financial and compliance expertise to the board.

3. Jyoti Gupta: Currently serving as the director-principal at KR Mangalam World School, Greater Kailash II (Delhi), Gupta brings over three decades of experience in education.

4. Sudesh Gupta: With 18 years of leadership experience across real estate, manufacturing, and business development sectors.

Executive Appointments and Regularizations

The shareholders also approved several executive appointments:

• Avnish Jindal: Regularized as a Director and appointed as Whole-time Director. Jindal holds a Masters in Marketing from the University of Bath and has over a decade of experience in food grains, textile, and oil & gas industries.

• Piyush Gupta: Regularized as a Director, bringing 15 years of experience in iron, steel, and oil & gas sectors.

• Nilesh Jindal: Regularized as a Director, with diverse experience in real estate, textile manufacturing, and bio-pesticide manufacturing.

• Purshottam Kumar Gupta: Regularized as a Director, contributing 42 years of experience in steel, oil, and gas industries.

New Statutory Auditor

In addition to the board changes, the shareholders approved the appointment of Singhi Chugh & Kumar, Chartered Accountants, as the company's new statutory auditors. The firm brings over 30 years of experience in statutory audits and serves a diverse client base across multiple locations.

Other Key Decisions

The shareholders also approved:

• The audited financial statements for the year ended March 31, 2025.
• Authorization for availing borrowing facilities on behalf of the company.

Conclusion

These appointments and decisions reflect Omansh Enterprises' commitment to strengthening its leadership team and corporate governance structure. The diverse expertise of the new board members, spanning sectors such as public administration, finance, education, and various industries, is expected to contribute significantly to the company's strategic direction and growth initiatives.

The 50th Annual General Meeting, held through video conferencing, saw the participation of 17 shareholders, including 2 from the promoter and promoter group and 15 from the public. The meeting, which began at 3:00 PM IST, concluded at 3:44 PM after addressing all agenda items and allowing for e-voting.

Omansh Enterprises Limited has announced a series of significant changes in its corporate structure, including the resignation of its statutory auditors and the appointment of new directors, signaling a major shift in the company's management and operations.

Auditor Resignation and New Appointment

MKRJ & Co., Chartered Accountants (Firm Registration No.: 030311N), the company's statutory auditors, have resigned effective August 22, 2025. The resignation was attributed to a change in the company's management. The auditors have confirmed that there are no concerns or issues that need to be brought to the attention of shareholders or creditors.

In response to this resignation, the Board has proposed the appointment of Singh Chugh and Kumar, Chartered Accountants (Firm Registration No. 013613N), as the new Statutory Auditors. This appointment is subject to shareholder approval at the upcoming General Meeting.

Board Restructuring

The company has announced several key appointments to its Board of Directors:

• Mr. Krishan Kumar Jalan (DIN: 01767702), Mr. Sudesh Gupta (DIN: 00197378), Mrs. Jyoti Gupta (DIN: 02280839), and Mr. Parvesh Gupta (DIN: 00506032) have been appointed as Additional Non-Executive Independent Directors.
• Mr. Avnish Jindal (DIN: 02293188) has been appointed as an Additional Director (Executive) and Whole-Time Director.
• Mr. Piyush Gupta (DIN: 02174867), Mr. Nilesh Jindal (DIN: 07593843), and Mr. Purshottam Kumar Gupta (DIN: 00397918) have been appointed as Additional Directors (Executive).

These appointments are subject to shareholder approval at the ensuing General Meeting.

Committee Reconstitution

Following these appointments, the company has reconstituted its key committees:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholders Relationship Committee

All three committees will now be chaired by Mr. Krishan Kumar Jalan, with Mr. Sudesh Gupta and Mrs. Jyoti Gupta serving as members.

Other Key Developments

• The company has approved the opening of additional bank accounts with ICICI Bank Limited and Axis Bank Limited.
• A proposal to change the company name from "Omansh Enterprises Limited" to "Pipan Enterprises Limited" or "Pipan Oils Limited" has been approved, subject to regulatory approvals.
• The Board has approved borrowing facilities up to ₹300.00 crore, subject to shareholder approval.
• Plans to incorporate a Wholly Owned Subsidiary in the United Arab Emirates (UAE) have been approved, aligning with the company's expansion strategy under the new management.

These developments indicate a comprehensive overhaul of Omansh Enterprises' corporate structure and strategy. Shareholders and market observers will be keenly watching how these changes impact the company's future performance and direction.