PIPAN OILS acquires 90% interest in Dipling Cluster oil block

PIPAN OILS LTD. has entered into a Farm-In Agreement with a consortium to acquire a 90% participating interest in the Dipling Cluster – DSF – 2016 Block. This significant acquisition was approved by the Board of Directors at their meeting on May 28, 2026. The Board also approved the audited financial results (Standalone) for the quarter and financial year ended March 31, 2026. Additionally, the company executed an Assignment Agreement with M/s Tvisha Corporate Advisors LLP for the transfer of assigned receivables and payables, a purely financial and strategic transaction. Furthermore, the Board approved the reclassification of M/s Raconteur Granite Limited from the Promoter category to a Public shareholder, following their request under SEBI LODR Regulation 31A.