Outcome of Board Meeting for Approval of Unaudited Financial Results for the Quarter and Half Year ended on September 30, 2025
Awaiting price reaction for this filing.
Omkar Overseas Ltd's board approved its unaudited results for Q2 FY26 and H1 FY26 on November 7, 2025. Revenue from operations stood at NIL for all reporting periods, with no other income either, except a token Rs 1.59 lakhs booked in FY25. The company reported a net loss of Rs 2.67 lakhs for Q2 FY26 and Rs 9.05 lakhs for H1 FY26, with a negative EPS of Rs 0.05 and Rs 0.18 respectively. On the balance sheet, other equity (reserves) are deeply negative at Rs (522.26) lakhs, taking total equity into negative territory at Rs (29.91) lakhs – effectively wiping out shareholders' book value. Total assets are just Rs 12.30 lakhs against total liabilities of Rs 42.21 lakhs, and non-current borrowings rose to Rs 30.79 lakhs from Rs 20.89 lakhs at March-end.
This is a serious red flag for shareholders – the company has NIL operating revenue, sustained losses, negative net worth, and is funding operations partly through new borrowings. Capital is fully eroded on paper, raising serious going-concern and solvency questions; the stock is likely to remain under pressure until revenues resume.