Omansh Enterprises Undergoes Major Restructuring Amid Auditor Resignation

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.