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

The Board approved a preferential issue of 26,29,416 CCPS at ₹91 each, raising up to ₹23.93 crore from 56 investors, mandatorily convertible within 18 months, plus up to ₹100 crore in unsecured convertible loans from directors/promoters, subject to shareholder approval. Context: first concrete fundraising proposal in the restart record.