Omansh Enterprises Ltd — Important, 01-05-2026: Company Update

Pipan Oils' board has approved the forfeiture of 5 lakh warrants that were not converted into equity shares by the option deadline last December. These warrants, initially issued as part of an NCLT resolution plan to M/s BRCCA Services Private Limited and later transferred to Mr. Avnish Jindal and Mr. Piyush Gupta, carried an issue price of Rs. 2 each, totaling Rs. 0.1 Cr. This forfeiture prevents the issuance of new equity shares from these warrants, thereby avoiding potential equity dilution for existing shareholders and removing a past overhang on the company's capital structure.