Pipan Oils Approves Share Split & Preferential Offer

Pipan Oils Ltd's Board of Directors, in a meeting held on September 5, 2026, approved several key corporate actions. These include the alteration of the Memorandum of Association to facilitate a stock split of preference shares (1:5 ratio) and a preferential offer of up to 26,29,416 Compulsorily Convertible Preference Shares (CCPS) at ₹91 per share to promoters and non-promoters. The board also approved the Director's Report, Notice of AGM, and the appointment of a scrutinizer for e-voting. Additionally, Mr. Avnish Jindal's designation was changed from Whole-time Director to Managing Director, subject to member approval.