Revision of Outcome of Board meeting dated 02nd August,2025 pursuant to regulation 30 of SEBI (Listing Obligation nd Disclosure Requirements) (LODR) Regualtion, 2015
Awaiting price reaction for this filing.
Omega Interactive Technologies has revised the outcome of its August 2, 2025 board meeting. The board approved raising the authorised share capital from Rs. 10.22 crore to Rs. 11.82 crore (1.18 crore equity shares of Rs. 10 each). It also approved issuing 92 lakh fully convertible warrants at Rs. 103.50 per warrant on a preferential basis, totalling approximately Rs. 95.22 crore. Each warrant can be converted into one equity share within 18 months, with 25% payable upfront and 75% on conversion. The warrants are proposed to be allotted to 20 specific investors, with the top two (Kunjit Maheshbhai Patel and Thakor Nayana Chandubhai) each receiving 27 lakh warrants, giving them a 23.53% post-allotment stake each. An EGM is scheduled for September 1, 2025, to seek shareholder approval.
Existing shareholders will see significant dilution if all warrants are converted — two new investors could each end up holding nearly a quarter of the expanded share base, which is dilutive. The Rs. 95.22 crore preferential issue at Rs. 103.50 per share is also at a premium to the Rs. 10 face value, which may be seen as fund-raising rather than a value-accretive move, and could weigh on the stock sentiment in the near term.