Pipan Oils Approves ₹23.93 Crore CCPS Issue And ₹100 Crore Promoter Loan

Board approved 26,29,416 CCPS at ₹91, raising ₹23.93Cr, plus up to ₹100Cr convertible unsecured loans from directors/promoters; both require shareholder approval. First proposed equity funding during the restart; proceeds could support the planned operational revival and Dipling strategy. A 5:1 preference-share split was also approved. The proposal introduces material dilution and potential promoter-linked debt conversion; pricing, execution, approvals and deployment toward operations remain unresolved.