Pipan Oils Ltd. has submitted a regulatory disclosure to the National Stock Exchange of India Limited under Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure provides clarifications and corrections to the Explanatory Statement that was part of the Notice of Annual General Meeting dated September 5, 2026, specifically regarding a proposed preferential issue of Compulsorily Convertible Preference Shares (CCPS).

Key Quantitative Figures

The preferential issue involves 26,29,416 Compulsorily Convertible Preference Shares of face value ₹2 each, issued at a premium of ₹89 per CCPS, resulting in an issue price of ₹91 per CCPS.

Specific Corrections Made

Item 7, Sub-point 5: Intent of Promoters, Directors or KMP to Subscribe

  • Except Ms. Avni Jindal and Mr. Nilesh Jindal, none of the existing Directors, Promoters, Key Managerial Personnel or Senior Management Personnel have expressed intention to subscribe to the preferential issue

Item 7, Sub-point 18: Identity of Ultimate Beneficial Owners

The disclosure provides a comprehensive table identifying the natural persons who are ultimate beneficial owners of the proposed allottees:

  • Surender S. Sheoran (HUF) - Mr. Surender Singh
  • Biotic Waste Solutions Pvt Ltd - Mr. Vikas Ghallot
  • Sumit Sapra HUF - Mr. Sumit Sapra
  • Innovest Ventures - Ms. Ankita Saraswat
  • Ashok Kumar HUF - Mr. Narayan Gupta

Post-Preferential Issue Shareholding Pattern

The disclosure includes detailed post-issue shareholding percentages for all 56 allottees, showing that:

  • Total CCPS to be allotted: 26,29,416 shares
  • Total post-preferential holding percentage: 13.04% of equity
  • Individual holdings range from 0.00% to 1.64%
  • Largest allottees: Innovest Ventures (1.64%), Aditya Goel (1.09%), and multiple allottees at 0.55% each

Item 7, Sub-point 20: Current and Proposed Status of Allottees

All 56 allottees are classified as non-promoters both currently and post-issue, with one exception:

  • Avni Jindal maintains her status as Promoter Group both currently and post-preferential issue

Additional Information

The company confirms that all other contents of the AGM notice dated September 5, 2026, remain unchanged except for the specified corrections. The announcement is also available on the company website at www.pipan.in.