Omnipotent Industries Announces CFO Change, MD Appointment in Key Reshuffle

K N Mishra

    01/Jul/2025

What’s covered under the Article:

  • Omnipotent Industries names Mohit Bharat Siddhpura as new CFO and accepts resignation of outgoing CFO Prince Pratap Shah

  • Gourav Piplonia appointed as Managing Director, subject to shareholder approval, for three years

  • Nidhi Jain joins as Company Secretary and Compliance Officer, strengthening governance structure

In a significant corporate development, Omnipotent Industries Limited, formerly known as Omnipotent Industries Private Limited, has announced multiple leadership changes and board-level appointments during its Board Meeting held on June 30, 2025. These strategic shifts reflect the company’s renewed focus on strengthening its financial governance, operational leadership, and compliance framework amid evolving market dynamics.

The company filed the disclosure with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlining the detailed outcomes of the Board Meeting and the respective annexures.

1. Appointment of Mohit Bharat Siddhpura as CFO

The Board has approved the appointment of Mr. Mohit Bharat Siddhpura as Chief Financial Officer (CFO) of Omnipotent Industries with effect from June 30, 2025. His selection was based on the recommendation of the Nomination and Remuneration Committee.

  • Mr. Siddhpura, a commerce graduate with over 5 years of experience in Finance and Accounting, has worked across various companies handling corporate finance, management accounting, and strategic planning functions.

  • He is not related to any existing Director or Key Managerial Personnel (KMP) of the Company.

This appointment comes after the resignation of Mr. Prince Pratap Shah, who has stepped down from the CFO role due to preoccupation with other business commitments, effective June 30, 2025, while continuing on the Board in a different role.

2. Resignation and Role Transition of Prince Pratap Shah

Mr. Prince Pratap Shah, the existing Managing Director and CFO, has:

  • Resigned from his CFO position, effective June 30, 2025

  • Been re-designated from Managing Director to Director of the Company

  • Continued his association with the Company in a non-executive role

In his resignation letter submitted to the Board, Mr. Shah cited other business activities as the reason for stepping down from the finance leadership role.

3. Appointment of Gourav Piplonia as Managing Director

The Board approved the re-designation of Mr. Gourav Piplonia (DIN: 07459334) from Non-Executive Director to Managing Director for a term of three years, effective June 30, 2025, subject to shareholder approval in the upcoming general meeting.

  • Mr. Piplonia, aged 39, holds a Master’s degree in Commerce and specializes in Tax and Business Advisory, Corporate Structuring, Audit, Capital Planning, and Compliances.

  • His leadership experience is expected to bolster the company’s forward-looking strategy as it positions itself for growth.

  • He is not related to any of the other directors or KMPs of the Company and is not debarred from holding a directorship by any regulatory authority.

4. Appointment of Ms. Nidhi Jain as Company Secretary and Compliance Officer

Strengthening its corporate governance practices, the Company also appointed Ms. Nidhi Jain as its new Company Secretary and Compliance Officer, effective June 30, 2025, again based on the recommendation of the Nomination and Remuneration Committee.

  • Ms. Jain is a qualified Company Secretary, holding ACS No. 76703, along with B.Com and LLB degrees.

  • She brings with her extensive experience in Companies Act compliance, SEBI regulations, and NCLT proceedings.

  • She is not related to any member of the Board or senior management team.

This appointment aligns with the Company's focus on reinforcing its legal and regulatory compliance framework, especially amid increasing scrutiny and obligations under various SEBI and Companies Act provisions.

Summary of Key Board Meeting Outcomes (June 30, 2025)

Change Details Effective From
New CFO Appointed Mr. Mohit Bharat Siddhpura June 30, 2025
Outgoing CFO Resigned Mr. Prince Pratap Shah June 30, 2025
Designation Change Mr. Prince Pratap Shah: MD to Director June 30, 2025
Designation Change Mr. Gourav Piplonia: NED to MD June 30, 2025 (3-year term, subject to approval)
New CS Appointed Ms. Nidhi Jain June 30, 202

Board Meeting Details

The Board Meeting commenced at 11:00 AM and concluded at 6:00 PM on June 30, 2025. All changes were made in line with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Corporate Direction and Strategic Intent

The simultaneous leadership transition at three key positions—CFO, Managing Director, and Company Secretary—signals a transformational phase for Omnipotent Industries. The company appears focused on:

  • Enhancing financial discipline through experienced CFO leadership

  • Strengthening operational oversight through a full-time MD

  • Sharpening compliance rigor via a skilled CS appointment

These changes reflect an intent to professionalize leadership, ensure continuity in governance, and drive future growth with sharper strategic oversight.

About Omnipotent Industries Limited

Omnipotent Industries Limited, headquartered in Mumbai, is engaged in diversified industrial operations, with manufacturing facilities located in Gandhidham, Gujarat. Formerly a private limited entity, the company transitioned to public status and is listed on BSE Limited (Scrip Code: 543400). It operates in key sectors with emphasis on structured financial and operational governance.

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