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

Pipan Oils approved a proposed preferential issue of 26,29,416 CCPS at ₹91 each to raise ₹23.93 crore from 56 investors, representing 13.04% of fully diluted post-issue capital, plus up to ₹100 crore in convertible unsecured promoter/director loans. Avnish Jindal was redesignated Managing Director. Context: first concrete financing proposal since the restart plan.