Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 1. To Allot Fully Convertible Equity Warrants on ....
Awaiting price reaction for this filing.
Omega Interactive Technologies has allotted 27,05,000 Fully Convertible Equity Warrants to 2 non-promoter allottees at Rs. 103.50 per warrant (face value Rs. 10, premium Rs. 93.50). This is the first tranche of a preferential issue approved earlier by shareholders in September 2025. The major allottee is Thakor Nayana Chandubhai receiving 27,00,000 warrants, while Samruddhi Dilip Lunawat received 5,000 warrants. Each warrant is convertible into one equity share within 18 months, with 25% of the issue price paid upfront and the remaining 75% due upon conversion. Total potential inflow is around Rs. 28 crore if all warrants are fully exercised and converted into equity shares.
There is no immediate change in paid-up share capital since warrants have been allotted but not yet converted. If fully converted, a single non-promoter allottee could end up holding about 29.8% of the company, which is a significant stake and could lead to dilution for existing shareholders. The fresh capital may be used by the company, but investors should watch whether the warrants are eventually exercised or lapse.