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.

Omega Interactive Technologies Limited , a software services company, has reported a significant turnaround in its financial performance for the first quarter of the fiscal year 2026, ending June 30, 2025. The company's unaudited financial results, recently submitted to the BSE, reveal a substantial increase in revenue and profitability.

Revenue Surge

Omega Interactive Technologies recorded a revenue from operations of Rs. 2,103.90 lakhs in Q1 FY2026, marking a dramatic improvement from nil revenue in previous quarters. This surge in revenue signifies a major shift in the company's operational activities and market presence.

Profit Growth

The company's net profit for the quarter stood at Rs. 220.53 lakhs, showcasing a remarkable increase from Rs. 30.97 lakhs in the previous quarter and Rs. 25.59 lakhs in the same quarter last year. This substantial growth in profitability indicates improved operational efficiency and market performance.

Financial Highlights

Operational Expenses

The total expenses for the quarter were Rs. 1,883.37 lakhs, with the purchase of stock-in-trade accounting for the majority at Rs. 1,843.19 lakhs. This significant expense aligns with the company's increased operational activity.

Earnings Per Share

The earnings per share (EPS) for Q1 FY2026 rose substantially to Rs. 13.78, compared to Rs. 1.94 in the previous quarter, reflecting the company's improved profitability on a per-share basis.

Auditor's Note

In the limited review report, the auditors noted a discrepancy between the GSTR-3B data and the purchases recorded in the company's books. However, they found no other material misstatements in the financial results.

Management Changes

The revised unaudited financial results were signed by Mr. Dineshkumar Sabnani, the Managing Director of Omega Interactive Technologies Limited, in compliance with BSE regulatory requirements.

Omega Interactive Technologies Limited's strong performance in Q1 FY2026 marks a significant turnaround for the company, with substantial improvements in revenue and profitability. As the company continues to expand its operations in the software services sector, investors and stakeholders will be keenly watching its future performance.