Omega Interactive Technologies Limited (OITL) has announced plans to expand its global footprint by establishing a wholly-owned subsidiary in Dubai, United Arab Emirates. The company's board of directors approved this strategic move during a meeting held on September 16, 2025, aiming to diversify its business portfolio across multiple sectors.

Key Highlights of the Expansion Plan

• Subsidiary Formation: OITL will either incorporate a new company or acquire an existing entity in Dubai.
• Business Focus: The new subsidiary will engage in infrastructure, jewelry, IT software and hardware, and the film industry.
• Ownership Structure: OITL will maintain 100% shareholding in the new entity.
• Initial Investment: The proposed subsidiary will have a share capital of 1,00,000.
• Governance: OITL will have complete control over director appointments and voting rights in the new entity.

Strategic Implications

The decision to establish a presence in Dubai signifies OITL's ambition to tap into new markets and diversify its revenue streams. By focusing on sectors such as infrastructure, jewelry, IT, and the film industry, the company aims to leverage Dubai's strategic location and business-friendly environment to drive growth.

Corporate Governance and Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, OITL has disclosed the following details:

• The board meeting commenced at 11:00 AM and concluded at 01:00 PM on September 16, 2025.
• The new subsidiary, once incorporated or acquired, will be considered a related party of OITL.
• The initial subscription to the share capital will be made through cash, banking channels, or other approved forms.

Management Commentary

Dineshkumar Dharamkumar Sabnani, Director of OITL, signed off on the regulatory filing, underlining the company's commitment to transparent communication with stakeholders.

This strategic expansion into Dubai marks a significant step for Omega Interactive Technologies Limited as it seeks to broaden its business horizons and create new avenues for growth in diverse sectors.

Omega Interactive Technologies Limited has announced plans to raise Rs 95.22 crore through a preferential issue of convertible equity warrants. The company's board has approved the issuance of up to 92,00,000 fully convertible equity warrants at a price of Rs 103.50 per warrant.

Key Details of the Warrant Issue

• Issue Size: Up to 92,00,000 fully convertible equity warrants
• Issue Price: Rs 103.50 per warrant
• Total Fundraise: Up to Rs 95.22 crore
• Allottees: 20 non-promoter public investors

Allocation to Major Investors

Two individual investors are set to receive the largest allocations:

• Kunjit Maheshbhai Patel: 27,00,000 warrants
• Thakor Nayana Chandubhai: 27,00,000 warrants

Utilization of Funds

The company plans to use the proceeds for various purposes:

Terms of the Warrant Issue

• Each warrant is convertible into one equity share within 18 months from the allotment date.
• Allottees are required to pay 25% of the warrant price upfront, with the remaining 75% due at the time of conversion.
• The warrants will be issued on a preferential basis to non-promoter public investors.

Impact on Shareholding

Post-issue, assuming full conversion of warrants:

• Promoter shareholding will decrease from 13.73% to 2.72%
• Public shareholding will increase from 86.27% to 97.28%

Previous Warrant Allotment

Earlier in the current financial year, Omega Interactive Technologies had allotted 20,91,249 convertible warrants at Rs 128 each.

Extraordinary General Meeting

The company has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, scheduled for September 1, 2025. The EGM will be held through video conferencing to seek shareholder approval for the warrant issue.

Regulatory Compliance

The preferential issue is subject to necessary approvals and will be conducted in accordance with SEBI regulations. The company has assured compliance with all applicable laws and regulations at the time of warrant allotment.

This move by Omega Interactive Technologies Limited appears to be a strategic step to raise capital for its expansion in the entertainment sector, particularly in film production and studio development.