Outcome of the Board Meeting pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
Omega Interactive Technologies' Board approved the allotment of 53,12,94,000 equity shares (face value INR 1 each) upon conversion of fully convertible equity warrants. These warrants were originally issued on August 4, 2025 at INR 103.50 per warrant via preferential allotment to non-promoter allottees. Key recipients include Kunjit Maheshbhai Patel (19.75 crore shares), Nayanaben Chandubhai Thakor (19.32 crore shares), and Doxtrec Trade Private Limited (12.54 crore shares), among others. The paid-up equity share capital increased significantly from INR 2.59 crore to INR 7.90 crore following this conversion. The board meeting was held and concluded on April 15, 2026.
This represents a major dilution event as the share capital more than tripled, significantly increasing the float. Existing shareholders face substantial equity dilution as warrants holders converted their holdings into equity at INR 103.50 per warrant.