Audited financial results for the year ended 31/03/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Omnipotent Industries reported a net loss of Rs. 424.60 lakhs for FY25, sharply reversing the prior year's profit of Rs. 15.66 lakhs. Revenue from operations collapsed 81% to Rs. 626.74 lakhs (from Rs. 3,360.21 lakhs). The company sold off all its fixed assets and inventory during the year, booking a Rs. 93.80 lakh loss on asset sale and Rs. 41.43 lakh inventory write-off. The auditor (Arpan & Associates LLP) issued an unmodified opinion but flagged a material going concern uncertainty, noting the company has no clear future operational plans. Promoters Prince Shah and Punit K. Popat diluted their stake by selling 13.16 lakh and 17.14 lakh shares respectively in the open market, which the auditor said raised governance and control-related concerns. The company also faces Rs. 132 lakhs in GST litigation (paid under DRC-03), Rs. 737.35 lakhs in long-pending trade receivables, and Rs. 980.02 lakhs in supplier advances with uncertain recovery. Board changes: Independent Director Vikas Jain resigned citing other commitments, and two new Independent Directors (Navneet Khare and Manoj Batham) were appointed for 5-year terms.
This is a deeply negative filing for shareholders — the company has effectively wound down operations, is reporting large losses, faces going concern doubts, and promoters are exiting their stakes. The stock is likely to face significant selling pressure. Existing shareholders should treat this as a high-risk situation with limited visibility on the company's future business direction.