Omega Interactive Technologies Corrects Issue Price in 5.31 Crore Warrant Conversion

2 min read     Updated on 16 Apr 2026, 05:10 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Omega Interactive Technologies issued a clarification regarding its warrant conversion process, correcting the issue price to INR 10.35 per share. The company successfully converted 5.31 crore warrants to equity shares among eight non-promoter allottees, significantly increasing its paid-up capital from INR 2.59 crore to INR 7.90 crore.

powered bylight_fuzz_icon
37813374

*this image is generated using AI for illustrative purposes only.

Omega Interactive Technologies Limited has issued a clarification regarding the warrant conversion details following an inadvertent error in the originally reported issue price. The company successfully completed the allotment of 5,31,29,400 equity shares through the conversion of fully convertible equity warrants, with the board of directors approving this conversion during their meeting held on April 15, 2026.

Price Correction and Warrant Conversion Details

The company clarified that the issue price was incorrectly stated in the initial announcement. The correct conversion involved 5,31,29,400 fully convertible equity warrants out of the total 9,04,00,000 warrants that were originally allotted on December 18, 2025, December 19, 2025, December 26, 2025 and December 29, 2025. Each warrant was converted at the corrected issue price of INR 10.35 per equity share with a face value of INR 1 each.

Parameter: Details
Total Warrants Converted: 5,31,29,400
Corrected Issue Price per Share: INR 10.35
Face Value per Share: INR 1
Original Warrant Allotment Dates: December 18, 19, 26, 29, 2025
Conversion Approval Date: April 15, 2026

Allottee Distribution

The equity shares were allotted to eight entities and individuals, all belonging to the non-promoter category through preferential allotment:

Sr. No Allottee Name Category Shares Allotted
1 Kunjit Maheshbhai Patel Non-Promoter 19,750,000
2 Nayanaben Chandubhai Thakor Non-Promoter 19,320,000
3 Doxtrec Trade Private Limited Non-Promoter 12,535,000
4 Amit Punambhai Parmar Non-Promoter 210,000
5 Solanki Mitesh Milanbhai Non-Promoter 64,400
6 Pradeep Kumar Daga Non-Promoter 200,000
7 Jinanshi Consultancy Pvt Ltd Non-Promoter 1,000,000
8 Samruddhi Dilip Lunawat Non-Promoter 50,000

Capital Structure Impact

The warrant conversion has resulted in a substantial increase in the company's paid-up equity share capital. The capital structure transformation reflects the company's growth trajectory and enhanced financial capacity.

Metric: Before Conversion After Conversion
Paid-up Capital: INR 2,59,12,490 INR 7,90,41,890
Number of Shares: 2,59,12,490 7,90,41,890
Face Value per Share: INR 1 INR 1

Regulatory Compliance and Clarification

The board meeting, which commenced at 06:30 p.m. and concluded at 07:00 p.m. on April 15, 2026, was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company issued a clarification on April 16, 2026, acknowledging the inadvertent error in the initially reported issue price and providing the corrected information to ensure accurate disclosure to stakeholders and regulatory compliance.

What are the company's plans for utilizing the additional INR 5.31 crore raised through this warrant conversion?

Will the remaining 3.73 crore unconverted warrants be exercised before their expiration, and what factors might influence this decision?

How might the significant dilution from increasing share count by over 200% impact the stock price and existing shareholders' voting power?

Omega Interactive Technologies Corrects Corporate Office Relocation Details

1 min read     Updated on 14 Apr 2026, 08:08 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Omega Interactive Technologies Limited issued a clarification regarding its corporate office relocation from Ahmedabad to Mumbai's Andheri East location, effective April 14, 2026. The company corrected an inadvertent error in the previously disclosed address details through official communications to BSE Limited, while maintaining that the registered office remains unchanged.

powered bylight_fuzz_icon
37445027

*this image is generated using AI for illustrative purposes only.

Omega Interactive Technologies Limited has issued a clarification regarding its corporate office relocation following the board meeting held on April 14, 2026. The company corrected an inadvertent error in the previously disclosed address details through official communications to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Board Meeting Outcome

The board of directors convened on Tuesday, April 14, 2026, to deliberate on the corporate office relocation proposal. The meeting commenced at 5:30 PM and concluded at 6:00 PM, demonstrating efficient decision-making processes within the organization.

Corrected Corporate Office Relocation Details

The company issued a clarification stating that due to an inadvertent error, the address of the existing corporate office was incorrectly mentioned in the initial disclosure. The corrected relocation details are as follows:

Parameter: Details
Previous Corporate Office: 402, 4th Floor, Aakashrath, Ratnam Khancho, C G Road, Navrangpura, Ahmedabad – 380009, Gujarat, India
New Corporate Office: SH 607, 6th Floor, Town Centre Commercial Premises Centre, Marol, Andheri (East), CTS 165, A K Road, Mumbai – 400059
Effective Date: April 14, 2026
Meeting Duration: 5:30 PM to 6:00 PM

Regulatory Compliance and Clarification

The company has fulfilled its regulatory obligations by promptly notifying the stock exchange about the correction. The clarification was necessary to ensure accurate disclosure of the corporate office relocation details. All other aspects of the original board meeting outcome remain unchanged.

Important Distinction

The company has clarified that while the corporate office has been shifted from Ahmedabad to Mumbai, the registered office will continue to remain at the same address as presently registered with the Registrar of Companies. This distinction is crucial for regulatory and compliance purposes.

Management Authorization

The official communications were signed by Dineshkumar Dharamkumar Sabnani, Managing Director of Omega Interactive Technologies Limited, bearing DIN: 10840546. The clarification document was digitally signed on April 14, 2026, at 18:56:25 +05'30', while the revised outcome was signed at 18:57:09 +05'30', confirming the authenticity and authorization of both the original decision and subsequent clarification.

What strategic business opportunities is Omega Interactive Technologies pursuing by relocating from Ahmedabad to Mumbai's commercial hub?

How will the relocation costs and higher Mumbai operational expenses impact the company's financial performance in upcoming quarters?

Will this move to Mumbai facilitate potential partnerships or acquisitions in the technology sector for Omega Interactive Technologies?

More News on Omega Interactive Technologies