Allotment of Fully Convertible Equity Warrants on a Preferential basis.
Awaiting price reaction for this filing.
Omega Interactive Technologies has allotted 28,00,000 Fully Convertible Equity Warrants to two non-promoter individual investors on a preferential basis at Rs. 103.50 per warrant (including a Rs. 93.50 premium). The allottees are Kunjit Maheshbhai Patel (27,00,000 warrants, expected to hold ~23.53% post full conversion) and Nilesh Hirji Kanani (1,00,000 warrants, ~0.87%). Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% of the issue price already received upfront. There is no change in paid-up share capital at this stage since conversion has not yet happened. This is the first tranche of the preferential issue, approved by shareholders on September 1, 2025 and by BSE on December 16, 2025.
This is a capital-raising move that could dilute existing shareholders if all warrants are converted, with one investor gaining a significant ~23.5% stake. Since only 25% has been paid in and conversion can take up to 18 months, the actual equity dilution and cash inflow are deferred.