Pipan Oils Board Approves 500,000 Warrant Forfeiture

Pipan Oils Limited board approved forfeiture of 500,000 unexercised warrants held by Avnish Jindal and Piyush Gupta.
The warrants were originally issued to BRCCA Services Private Limited under an NCLT-approved resolution plan in June 2024.
Warrant holders failed to exercise conversion option by the December 6, 2025 deadline, triggering forfeiture under SEBI ICDR regulations.
Company filed this disclosure under SEBI LODR Regulation 30 to comply with listing obligations.