Omnitech Engineering adopts FY26 financials at fifth annual general meeting
- Omnitech Engineering Limited held its 5th AGM on September 28, 2026, via video conferencing
- Shareholders adopted the audited standalone and consolidated financial statements for FY26
- Paras Mukundrai Parekh was re-appointed as a director retiring by rotation
- Management discussed IPO proceeds utilization and capacity expansion plans

*this image is generated using AI for illustrative purposes only.
Omnitech Engineering Limited held its fifth Annual General Meeting on September 28, 2026, where shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.
The meeting was conducted via Video Conferencing and Other Audio-Visual Means. A total of 65 shareholders attended the session. The Board of Directors, including Chairman and Managing Director Udaykumar Arunkumar Parekh and Whole-time Director and Chief Financial Officer Paras Mukundrai Parekh, were present to address member queries.
Key resolutions passed
The shareholders approved several ordinary resolutions during the meeting. These included the adoption of the annual reports and the re-appointment of Paras Mukundrai Parekh as a director retiring by rotation. Additionally, the appointment of the Secretarial Auditor and the ratification of remuneration for the Cost Auditors for FY27 were approved.
| Resolution | Type | Description |
|---|---|---|
| Adoption of Financial Statements | Ordinary | To consider and adopt audited standalone and consolidated financial statements for FY26 |
| Re-appointment of Director | Ordinary | To appoint Paras Mukundrai Parekh (DIN: 07761048) who retires by rotation |
| Appointment of Secretarial Auditor | Ordinary | To appoint the Secretarial Auditor |
| Ratification of Cost Auditor Remuneration | Ordinary | To ratify remuneration for M/s. Niketan Gordhanbhai Tadhani & Co. for FY27 |
Management insights
During the proceedings, the management provided updates on the company's performance and strategic direction. The Chairman delivered a speech on overall performance for FY26, highlighting quality and engineering excellence across key business segments. Bhavin Prahallad Acharya, Chief Revenue Officer, discussed future business expansion plans.
Paras Mukundrai Parekh, Whole-time Director and CFO, elaborated on growth metrics, order book status, global customer mix, and revenue composition. He also addressed financial performance, margins, returns, and the utilization of IPO proceeds for capacity expansion.
Governance and compliance
The Company Secretary and Compliance Officer confirmed that the reports from the Statutory Auditor and Secretarial Auditor did not contain any qualifications or adverse remarks. Remote e-voting was facilitated through MUFG Intime India Private Limited, with voting results to be announced within two working days of the meeting's conclusion.
Historical Stock Returns for Omnitech Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.52% | -5.45% | -8.86% | +125.12% | +156.60% | +156.60% |
How will the utilization of IPO proceeds for capacity expansion specifically impact Omnitech Engineering's production capabilities and revenue growth in FY27?
What specific global customer segments are targeted in the Chief Revenue Officer's expansion plans, and how might geopolitical factors influence this international strategy?
Given the emphasis on 'quality and engineering excellence,' what new product lines or technological advancements is the company prioritizing to maintain its competitive edge?
































