Annual Report for the Financial Year ended on 31st March 2025
Awaiting price reaction for this filing.
Omansh Enterprises has filed its Annual Report for FY ending 31st March 2025 and called its 50th AGM for 30th September 2025 via video conferencing. The company is in the middle of a major restructuring under an NCLT-approved Resolution Plan: earlier promoters' shares were cancelled, public shareholders' holdings were reduced (499 of every 500 shares cancelled), and Raconteur Granite Limited was allotted 5 lakh fresh equity shares to become the new promoter. An Open Offer under SEBI Takeover Regulations is currently in progress, which may further change the company's shareholding pattern and control. The full board has been reconstituted, with new directors from the Jindal/Gupta families taking charge after FY end. Financially, revenue stood at Rs 12.28 lakh (mostly other income, up from Rs 1.02 lakh), while net loss narrowed to Rs 19.26 lakh from Rs 32.72 lakh. Statutory auditor was changed from MKRJ & Co to Singh Chugh and Kumar. Shareholders will also be asked to approve borrowing capacity of up to Rs 300 crore.
Shareholders should note that control of the company is in transition via the ongoing Open Offer, and the fresh promoter is seeking a much larger borrowing limit (Rs 300 crore) which signals potential business expansion plans. Operational revenue remains negligible and losses continue, though they have narrowed year-on-year.