Omega Interactive Technologies Ltd

Fundraising

• In-principle approval to raise up to 3200 crore via equity shares in one or more tranches.
• Terms such as issue size, price, shares, objects, and utilisation to be finalised next board meeting.
• Detailed proposal to be placed before board for consideration at ensuing meeting.

Issue overview

• Type: Right Issue; securities: Convertible Warrants.
• Total issue size; net proceeds not disclosed; undersubscription observed in land object.
• Main uses: working capital, land for movie studio, film production, general corporate purposes.

Utilisation of proceeds

• Utilisation largely as disclosed; no material deviations observed.
• Means of finance unchanged; no change observed.
• Government approvals for objects not required.
• Working capital: 19.18 of 20.00 utilised; 0.82 idle.
• Land: 24.42 raised of 30.00; 5.58 idle; second tranche paid.
• Film production: 15.13 of 29.80 utilised; 14.67 pending.
• General corporate: 10.00 of 15.42 utilised; 5.42 pending.
• Total unutilised funds: 3.38 Cr in Monitoring Agency account.

Governance and compliance

• Government/statutory approvals for objects not required.
• No material favourable or unfavourable events observed.
• No additional information likely to affect investor decision.

General Corporate Purpose (GCP)

• No funds utilised towards GCP in the reporting period.

Rescheduled meeting details

• Board meeting rescheduled from July 31, 2026 to August 20, 2026.
• Reason: to provide management and Board time for preparatory work.
• Agenda items include review of long-term growth, expansion initiatives, and financial planning.
• Original scheduled date: July 31, 2026.

Meeting Details

• Board meeting scheduled for Friday, 31 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider fundraising up to 3200 crore through equity or other eligible securities.
• Funds to be raised in one or more tranches via QIP, Rights, Preferential Issue, private placement, or warrants.
• Subject to shareholders' and regulatory approvals for the fund-raising plan.
• Use proceeds for AI centres in Gujarat, AI infrastructure, data centres, and cloud computing.
• R&D, strategic acquisitions, investments, collaborations, working capital, and general corporate purposes.
• Consider convening an EGM and/or postal ballot if required.
• Appoint merchant bankers, legal advisors, and other intermediaries for the fund-raise.
• Consider and approve such other incidental or ancillary matters.

Other Notes

• Trading window shall remain closed for designated persons until 48 hours after the board outcome.

Reclassification to Public category

• Submitted 26 June 2026 to BSE for No Objection to reclassify Jayesh Shah from Promoter to Public.
• References earlier submission dated 27 May 2026 regarding promoter-to-public reclassification.
• Intimation dated 14 July 2026 signed by Managing Director Shailesh Awale.

Dematerialisation processing status

• The registrar processed dematerialisation requests and listed the securities on stock exchanges.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depository substituted as registered owner within prescribed timelines.

Auditor changes

• Board appointed M/s Sarang Shivajirao Chavan and Associates as Statutory Auditor, effective July 1, 2026, till AGM.
• Resignation of M/s Bhatt Shah Mekhia & Co as Statutory Auditor effective June 30, 2026.
• Board placed on record appreciation for their guidance and contribution.

Equity and capital actions

• 43,50,000 equity shares allotted on conversion of 43,50,000 warrants.
• Warrants converted out of 9,04,00,000 warrants issued.
• Issue price per warrant was INR 10.35.
• Paid-up capital increased to 8,33,91,890 shares.
• Allotments to Parth H Kunwar and Anuj Shyamlalji Agrawal (non-promoters).

Board meeting details

• Board meeting commenced 04:00 PM and concluded 04:30 PM.

Statutory Auditor changes

• Appointed M/s Sarang Shivajirao Chavan & Associates as Statutory Auditor.
• Effective date of appointment is 01 July 2026.
• Tenure ends at the conclusion of the ensuing general meeting.
• Firm details: FRN 159649W; Ahmedabad-based.
• Resigned Bhatt Shah Mekhia & Co as Statutory Auditor.
• Resignation effective from 30 June 2026.
• Reason for resignation: pre-occupation.
• Previous appointment: Bhatt Shah Mekhia & Co was appointed on 27 October 2025.
• Term for previous auditor ends at the ensuing General Meeting.
• Board appreciated Bhatt Shah Mekhia & Co for their guidance.