Omkar Speciality Chemicals Ltd

Financial results

• Unaudited quarterly results for quarter ended 30 June 2026 approved by Board.
• Limited Review Report issued; going concern due to NCLT resolution plan.
• Loss for quarter Rs 36.07 Lakhs; no revenue reported.
• Going concern basis maintained; repayments to financial creditors completed.
• Resolution Plan implemented per NCLT order dated 31 July 2025.

Notes on regulatory/compliance

• Single business segment; segment reporting not applicable.
• Figures for prior periods regrouped/reclassified where necessary.

Meeting Details

• Meeting date is 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading in the company's securities suspended w.e.f. 29 April 2026.

Corporate actions & going concern

• CIRP admitted on 5 December 2022; NCLT approved Resolution Plan on 31 July 2025.
• New Board appointed from 1 January 2026.
• Going concern: net worth remains negative; results prepared on going concern basis.

Financial performance & accounting notes

• Q3 FY22: Revenue from operations 116.50 L, Total income 117.81 L, PBT -190.06 L, EPS -0.92.
• 9M ended Sep-2022: Total income 595.08 L; Profit before tax -576.74 L.
• Notes indicate unaudited results; limited review performed; Ind AS 34.

Revival status & disclosures

• Results are unaudited/limited-reviewed with going concern and CIRP disclosures.
• Resolution Plan approved by NCLT; new board appointed from Jan 2026; revival focus.

Share Extinguishment Record Date

• Record date fixed as April 29, 2026 for share extinguishment per NCLT order
• Entire equity shares held by promoters and public shareholders to be cancelled

Equity Shares Issuance

• Approved issuance of 5,000,000 equity shares at INR 10 each on April 15, 2026
• Shares issued on preferential private placement basis to IFFAS Kshitij SPV LLP
• Total consideration for shares issued is INR 50,000,000

Loan Approval

• Approved loan up to INR 200,000,000 from Kshitij Polyline Limited without conversion option

Earnest Money Deposit Treatment

• Earnest money deposit treated as debt/loan forming part of INR 219,000,000 funding

Appointment of Chief Financial Officer

• Appointed Mr. Mahendra Kumar Jain as CFO effective April 15, 2026
• Mr. Jain has 46 years manufacturing experience, currently MD and CFO of Kshitij Polyline Limited
• No relationships with other directors disclosed
• Confirmed not debarred from holding KMP office

Appointment of Company Secretary

• Appointed Mr. Kuldeep Menaria as whole-time company secretary and compliance officer from April 15, 2026
• Mr. Menaria is an Associate Member of ICSI with 6+ years experience in corporate secretarial and compliance
• No relationships with other directors disclosed
• Confirmed not debarred from holding KMP office

Record Date for Share Extinguishment

• Record date set for April 29, 2026, for share extinguishment.
• Extinguishment applies to all fully paid equity shares of INR 10 each.
• Shares held by existing promoters, promoter group, and public shareholders affected.
• Action pursuant to NCLT order dated July 31, 2025, under Resolution Plan.
• Extinguishment approved under Companies Act 2013 and Insolvency and Bankruptcy Code.