Back
Corporate News
Pipan Oils plans to raise funds and split preference shares at a board meeting
01-Sep-2026, 08:48
Pipan Oils Limited, formerly Omansh Enterprises Ltd., will hold a board meeting on September 5, 2026, to consider proposals for raising funds through equity shares or other eligible securities via various methods including public issues, rights issues, and private placements, as well as a stock split of its preference shares from a face value of Rs 10 each to Rs 2 each. The board will also consider altering the company's Memorandum of Association to reflect the adjusted share capital, which will include 1,77,50,000 equity shares of Rs 2 face value each and 1,25,00,000 preference shares of Rs 2 face value each, totaling an authorized share capital of Rs 6,05,00,000.