Company Update

Pipan Oils' board approved audited financial results for the quarter and financial year ended March 31, 2026. The company also entered a Deed of Assignment with Tvisha Corporate Advisors LLP, transferring receivables and payables as a strategic financial move.

Crucially, Pipan Oils acquired a 90% stake in the Dipling oil & gas block from a consortium for a 7.5% revenue share plus Rs 13.10 Cr for assets, marking a significant business expansion.

Additionally, a promoter group entity, Raconteur Granite Limited (2.85% stake), will be reclassified as a public shareholder, subject to stock exchange approval.