Omansh Enterprises Ltd Board Approves Office Changes and Potential MoU with Seller Consortium

Omansh Enterprises Ltd Board Approves Office Changes and Potential MoU with Seller Consortium​

Omansh Enterprises Ltd's Board of Directors, during a meeting held on April 4, 2026, considered and approved several key corporate actions, including changes to the company's registered and book of accounts addresses, alongside plans for potential acquisitions.

The Board meeting was held on Saturday, April 4, 2026, commencing at 12:00 P.M. and concluding at 03:05 P.M.

Corporate Address Updates​

Two primary changes regarding the company's physical locations were approved by the Board.

The company's registered office will change from '490, Eldeco Centre, Block A, Shivalik Colony, Malviya Nagar, Delhi 110017' to '2E, 2 nd Floor, M6 Uppal Plaza, Jasola Vihar, New Delhi, 110025'. This change is effective as of April 4, 2026.

Similarly, the address where the company maintains its books of accounts will shift from 'B-507 5th Floor Statesman House, Barakhamba Road New Delhi-110001, Connaught Place, Central Delhi, New Delhi, Delhi, India, 110001' to '2E, 2 nd Floor, M6 Uppal Plaza, Jasola Vihar, New Delhi, 110025', effective from the same date.

Strategic Agreements and Banking​

The Board also took decisions concerning potential business agreements and banking arrangements.

The Board, following a recommendation from the Audit Committee, gave in principle approval to enter into a Memorandum of Understanding (MoU). This MoU is intended with a consortium comprising M/s Ramayna Ispat Private Limited, M/s Duggar Fiber Private Limited, M/s Mahendra Infratech Private Limited, and M/s BDN Enterprises Private Limited, referred to as the Seller Consortium. The purpose of the MoU is for the company to acquire a participating interest in a Dipling license. The participation interest acquisition is contingent upon the finalization of terms, execution of a definitive agreement, and necessary approvals. The MoU is structured as a non-binding framework pending the execution of the definitive agreement.

Furthermore, the Board authorized Mr. Avnish Jindal, Whole Time Director, and Mr. Piyush Gupta, Director, jointly, to finalize and execute the definitive Agreement and undertake all requisite actions related to this matter.

In banking matters, the Board approved the opening of an additional Bank Account with Yes Bank. Mr. Avnish Jindal, Whole Time Director, and Mr. Piyush Gupta, Director, were jointly authorized to act as signatories for opening this new account.

The company also received authorization to avail borrowing facilities from various Banks and Financial Institutions from time to time, within the overall limit previously approved by the Board and the company members. Mr. Avnish Jindal, Whole Time Director, and Mr. Piyush Gupta, Director, were authorized to execute the necessary documents related to these borrowings.

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