Submission of Annual Report for the Financial Year 2024-25 Pursuant to Regulation 34 and other relevant provisions of the SEBI (Listing Obligations & Disclosure Requirements), 2015.
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Omega Ag-Seeds Punjab Limited has submitted its 33rd Annual Report for FY 2024-25 along with the notice for its AGM scheduled on September 27, 2025 at 12:30 PM via video conferencing. Key AGM business includes adoption of financial statements, re-appointment of Mr. Venkata Rao Sadhanala, regularization of Mrs. Nikitha Sarda as Non-Executive Independent Director for a 5-year term, appointment of Kashinath Sahu & Co as Secretarial Auditors for FY 2025-26 to FY 2029-30, and a proposed increase in authorized share capital from Rs. 25 crore to Rs. 60 crore (adding 3.5 crore equity shares of Rs. 10 each). Financially, the company reported zero sales in both FY25 and FY24, with other income of Rs. 57.82 lakhs and a profit after tax of Rs. 34.61 lakhs in FY25, reversing the previous year's loss of Rs. 17.47 lakhs. The Board did not recommend any dividend, and the company stated it could not conduct any seed business during the year but is exploring opportunities.
The financial results show the company is essentially non-operational, with profitability coming solely from other income rather than core seed business activity, which remains a concern for shareholders. The proposed 140% increase in authorized share capital signals potential fundraising plans, which could lead to future dilution, while the small paid-up capital of Rs. 7.9 crore leaves significant room for issuance.