Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
Awaiting price reaction for this filing.
The board of Omega Interactive Technologies met on August 2, 2025 and approved raising the authorized share capital from Rs. 10.22 crore to Rs. 11.82 crore to create room for new issuances. It also approved issuing up to 92,00,000 fully convertible warrants at Rs. 103.50 per warrant on a preferential basis to 18 specific investors, potentially raising up to Rs. 95.22 crore. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% payable upfront and the balance 75% on conversion. An Extra-Ordinary General Meeting has been scheduled for September 1, 2025 to seek shareholder approval for the issuance.
This is a significant equity dilution event — if all warrants are converted, 92 lakh new shares would be created, which is large relative to the existing capital base. Existing shareholders should review the allotment list (a few investors are taking large positions) and participate in the EGM on September 1, 2025. The Rs. 103.50 per share price also gives the market a reference valuation level for the stock.