Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 364344 equity shares pursuant to exercise of warrants allotted ....
Awaiting price reaction for this filing.
Omega Interactive Technologies has allotted 3,64,344 equity shares of Rs. 10 each to Mr. Saurabh Madhusudan Patel after he paid the balance amount of Rs. 3.50 crore towards exercising warrants previously issued to him on a preferential basis at Rs. 128 per warrant in February 2024. As a result, the company's paid-up equity share capital has increased from Rs. 1.91 crore (19,11,932 shares) to Rs. 2.28 crore (22,76,276 shares), a dilution of roughly 19% on the pre-allotment base. This is a routine completion step of a previously announced preferential warrant issue, with no fresh fundraising beyond the conversion itself. The Board approved the allotment at its meeting held on July 23, 2025.
Existing shareholders face a modest dilution of around 16% on a post-allotment basis (364,344 new shares vs. 22,76,276 total), but since the cash (Rs. 3.50 crore) was already expected from the 2024 warrant issuance, the impact on stock price is likely neutral. No new material capital raising is happening here.