Extra Ordinary General Meeting (EGM) wil be held on Monday, September 01,2025 at 02:00 P.M (IST), through Video Conferencing (VC)/ Other Audio Visual Means (OAVM).
Awaiting price reaction for this filing.
Omega Interactive Technologies has called an Extra-Ordinary General Meeting on September 1, 2025 via video conferencing. Three special businesses are on the agenda: (1) raising authorised share capital from Rs. 10.22 crore to Rs. 11.82 crore (creating 16 lakh additional equity shares of Rs. 10 each) to make room for the next item; (2) drastically widening the company's main objects clause to cover manpower/security services, film and entertainment production, AI and software development, agriculture products, jewellery, real estate, and construction; and (3) issuing up to 92 lakh fully convertible equity warrants at Rs. 103.50 per warrant (face value Rs. 10, premium Rs. 93.50), aggregating to about Rs. 95.22 crore, on a preferential basis to 20 named non-promoter allottees. Allottees must pay 25% upfront and the remaining 75% on conversion within 18 months.
If approved and fully converted, the warrants could create up to 92 lakh new shares, a significant potential dilution for existing shareholders, alongside an equity raise of roughly Rs. 95 crore from a small group of chosen investors. The dramatic expansion of the object clause signals the company is pivoting into unrelated sectors like films, AI, jewellery, real estate and agriculture, which may raise governance and execution questions. Share price could come under pressure given the preferential pricing relative to likely market rates and the implied dilution.