PIPAN OILS acquires 90% interest in Dipling Block; Q4 results, promoter reclassification approved

Pipan Oils Ltd.'s Board of Directors met on May 28, 2026, approving several key actions. The company entered into a Farm-In Agreement to acquire a 90% participating interest in the Dipling Cluster – DSF – 2016 Block from a consortium including Ramayna Ispat Pvt Ltd. Additionally, the Board approved the audited Standalone Financial Results for the quarter and financial year ended March 31, 2026. An Assignment Agreement was also executed with M/s Tvisha Corporate Advisors LLP for receivables and payables, described as a purely financial and strategic transaction. Lastly, the Board approved the reclassification of "M/s Raconteur Granite Limited" from a Promoter to a Public shareholder.