Omega Interactive Technologies Limited has reported a significant increase in its net loss for the quarter ended September 30, 2025, despite a substantial rise in revenue. The company's financial results, approved by the Board of Directors on November 6, 2025, reveal both growth and challenges in its operations.

Financial Performance

The company's unaudited financial results for Q2 FY2026 show:

Omega Interactive Technologies witnessed a remarkable year-on-year growth in revenue from operations, increasing from ₹2.05 lakh in Q2 FY2025 to ₹1,944.50 lakh in Q2 FY2026. This represents a staggering growth of 94,753.66%. The total revenue, including other income, also saw a significant rise of 3,228.96%, reaching ₹2,103.90 lakh.

Widened Losses

Despite the substantial revenue growth, the company reported a widened net loss of ₹408.17 lakh for the quarter, compared to a loss of ₹28.90 lakh in the same quarter of the previous fiscal year. This represents an increase in net loss by 1,312.35%.

Half-Year Performance

For the half-year ended September 30, 2025:

• Total revenue stood at ₹22.25 lakh
• Net loss amounted to ₹517.00 lakh

Balance Sheet Highlights

As of September 30, 2025:

• Total assets: ₹4,884.46 lakh
• Equity share capital: ₹259.12 lakh

Auditor's Review

Patel Jain & Associates, the company's auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and recognized accounting practices and policies.

Conclusion

While Omega Interactive Technologies has shown remarkable growth in revenue, the widened losses indicate challenges in managing costs and achieving profitability. Investors and stakeholders will likely be watching closely to see how the company plans to leverage its revenue growth to improve its bottom line in the coming quarters.

Omega Interactive Technologies Limited has announced a change in its statutory auditors, as approved by the company's Board of Directors on October 27, 2025. This decision comes in the wake of the resignation of the previous auditors, M/s. S S R V & Associates, Chartered Accountants.

Key Developments

Resignation of Previous Auditors

M/s. S S R V & Associates, Chartered Accountants (Firm Registration No. 135901W), tendered their resignation on October 13, 2025, citing preoccupation as the reason for their departure.

Appointment of New Auditors

The Board has approved the appointment of M/s. Patel Jain & Associates, Chartered Accountants, Ahmedabad (ICAI Firm Registration No. 129797W) as the new Statutory Auditors of the company.

Term of Appointment

The new auditors will serve until the conclusion of the Annual General Meeting for the Financial Year 2025-26, subject to shareholder approval at the ensuing general meeting.

Details of the New Auditors

M/s. Patel Jain & Associates is described as a professionally managed firm providing a range of services, including:

• Auditing & Assurance
• Direct Tax Consultancy
• Debt Syndication
• Equity Placement
• Legal Representations
• SAP Consultancy
• Management Consultancy

Regulatory Compliance

The company has made these changes in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The Board's decision was based on the recommendation of the Audit Committee.

Company Information

The company has expressed its appreciation for the professional services rendered by M/s. S S R V & Associates during their tenure as Statutory Auditors. The appointment of M/s. Patel Jain & Associates is expected to bring fresh perspective to the company's financial auditing processes.