Omkar Overseas Reports Net Loss of ₹17.03 Lakhs in FY26 Audited Results
Omkar Overseas Limited's board approved audited standalone financial results for Q4 and FY26 on May 07, 2026, reporting a full-year net loss of ₹17.03 lakhs and a Q4 net loss of ₹5.46 lakhs, with no revenue from operations. The company's networth turned more negative at ₹-37.88 lakhs, driven by accumulated losses, and statutory auditors raised significant going concern doubts while noting the management's proposed capital reduction scheme.
*this image is generated using AI for illustrative purposes only.
Omkar Overseas Limited held its board meeting on May 07, 2026, at its registered office in Ahmedabad, commencing at 2:00 PM and concluding at 3:00 PM. The board considered and approved the audited standalone financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee prior to board approval and were filed with the Bombay Stock Exchange Limited. Statutory auditors M/s. N.S. Nanavati & Co., Chartered Accountants, issued an unmodified audit opinion on the standalone financial results.
Financial Performance
The company recorded no revenue from operations during the quarter and year under review. The following table presents the key financial metrics for the periods covered:
| Particulars: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | — | — | — | — | — |
| Other Income (₹ Lakhs): | 0.14 | — | 1.59 | 0.14 | 1.59 |
| Total Revenue (₹ Lakhs): | 0.14 | — | 1.59 | 0.14 | 1.59 |
| Employee Benefits Expense (₹ Lakhs): | 2.40 | 2.40 | 2.40 | 9.60 | 9.60 |
| Finance Costs (₹ Lakhs): | 2.49 | — | 1.00 | 2.49 | 1.00 |
| Other Expenses (₹ Lakhs): | 0.71 | 0.12 | 0.58 | 5.08 | 6.04 |
| Total Expenses (₹ Lakhs): | 5.60 | 2.52 | 3.98 | 17.17 | 16.64 |
| Net Loss (₹ Lakhs): | (5.46) | (2.52) | (2.39) | (17.03) | (15.05) |
| Basic EPS (₹): | (0.11) | (0.05) | (0.05) | (0.35) | (0.31) |
| Diluted EPS (₹): | (0.11) | (0.05) | (0.05) | (0.35) | (0.31) |
The company reported a net loss of ₹17.03 lakhs for the full year ended March 31, 2026, compared to a net loss of ₹15.05 lakhs in the corresponding previous year. For the quarter ended March 31, 2026, the net loss stood at ₹5.46 lakhs, against ₹2.39 lakhs in the same quarter of the prior year. No tax expense was recorded for either period. The paid-up equity share capital stood at ₹492.36 lakhs, with a face value of ₹10 per share.
Balance Sheet Highlights
The standalone balance sheet as at March 31, 2026 reflects the company's continued financial stress. Key balance sheet figures are presented below:
| Particulars (₹ Lakhs): | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Total Assets: | 12.39 | 11.66 |
| Cash and Cash Equivalents: | 04.68 | 04.63 |
| Equity Share Capital: | 492.36 | 492.36 |
| Other Equity: | -530.24 | -513.21 |
| Total Equity (Networth): | -37.88 | -20.85 |
| Non-Current Borrowings: | 39.10 | 20.89 |
| Total Current Liabilities: | 11.17 | 11.63 |
| Total Liabilities: | 50.28 | 32.52 |
The company's total equity turned more negative, declining from ₹-20.85 lakhs to ₹-37.88 lakhs, driven by accumulated losses of ₹-10,99,66,929.00 against paid-up capital of ₹4,92,35,750 and a securities premium balance of ₹5,69,43,000. Non-current borrowings rose to ₹39.10 lakhs from ₹20.89 lakhs in the prior year.
Cash Flow Summary
The cash flow statement for the year ended March 31, 2026 highlights the company's reliance on borrowings to sustain operations:
| Cash Flow Particulars (₹ Lakhs): | FY26 | FY25 |
|---|---|---|
| Net Cash Outflow from Operating Activities: | -15.67 | -17.17 |
| Net Cash from Investing Activities: | 00.00 | 00.00 |
| Net Cash Inflow from Financing Activities: | 15.73 | 16.93 |
| Net Increase / (Decrease) in Cash: | 00.05 | -00.24 |
| Cash & Equivalents — Opening: | 04.63 | 04.87 |
| Cash & Equivalents — Closing: | 04.68 | 04.63 |
Operating activities resulted in a net cash outflow of ₹15.67 lakhs, partially offset by net cash inflows from financing activities of ₹15.73 lakhs, primarily from an increase in long-term borrowings of ₹18.21 lakhs.
Auditor's Observations and Going Concern
The statutory auditors, M/s. N.S. Nanavati & Co., issued an unmodified opinion on the standalone financial results. However, the auditors flagged significant concerns under Other Matters. The accumulated losses exceed the company's paid-up capital and free reserves, resulting in a negative networth of ₹-37,88,179.00. The auditors noted the absence of any business activity during the year and stated that, on the basis of both operational and financial parameters, significant doubt exists on the company's ability to continue as a going concern. The management has proposed a capital reduction scheme to address this situation.
Trading Window Closure
In compliance with BSE Circular No. LIST/COMP/01/2019-20 and NSE Circular No. NSE/CML/2019/11, both dated April 02, 2019, and the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, the trading window was closed effective April 01, 2026. The window will remain closed until the expiry of 48 hours after the declaration of the financial results. The intimation was signed by Whole-Time Director Parul Kamleshbhai Joshi (DIN: 06370561) from Ahmedabad.
What specific terms and timeline has Omkar Overseas Limited proposed for its capital reduction scheme, and will it require shareholder and NCLT approval?
Given the company's complete absence of revenue for two consecutive years and worsening negative networth, what viable business revival strategies could management realistically pursue to restore operational activity?
How long can Omkar Overseas sustain its current cash burn rate through borrowings before exhausting its ability to secure additional financing, given that non-current borrowings nearly doubled in FY26?
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