Omega Interactive Technologies announced the resignation of Non-Executive Director Mr. Arvind Vegda, effective December 20, 2025. The company informed BSE Limited about this development on December 22, 2025, in compliance with regulatory requirements under SEBI Listing Regulations.

Director Resignation Details

The resignation details as per the regulatory filing are presented below:

Background and Responsibilities

Mr. Arvind Vegda brought extensive experience in the Gujarati and Bollywood entertainment industry to Omega Interactive Technologies , serving as a singer, artist, and performer. During his tenure as director, he was primarily responsible for analyzing opportunities for the company in the field of movie production and the broader entertainment sector. His role included assessing the feasibility of setting up a production house for the company, leveraging his industry expertise to identify potential growth avenues.

Continued Association

Despite stepping down from his directorial position, Mr. Vegda expressed his commitment to maintain professional ties with the company. In his resignation letter, he stated that he will continue to extend support and provide professional services to Omega Interactive Technologies as a consultant, as and when required in the future. This arrangement ensures that the company can still benefit from his industry knowledge and experience.

Board's Acknowledgment

The Board of Directors of Omega Interactive Technologies placed on record its appreciation for the valuable contribution and guidance provided by Mr. Vegda during his association with the company as Director. The board acknowledged his efforts in exploring opportunities within the entertainment sector and his role in strategic planning for potential expansion into movie production.

Regulatory Compliance

The resignation was reported in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Vegda does not hold directorships in any other listed entities. As he was serving as a Non-Executive Non-Independent Director, the specific confirmation requirements applicable to independent directors were not applicable in this case.

The transition appears to be amicable, with both parties expressing mutual respect and the possibility of future collaboration through consultancy arrangements. This ensures continuity in the company's entertainment sector initiatives while allowing Mr. Vegda to pursue his other commitments.

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.