Omega Interactive Technologies Ltd. — Interim / Quarterly Report 2019

Nov 13, 2019

13th November, 2019

To, BSE Limited Corporate Relations Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Sub: Outcome of Board Meeting held on 13th November, 2019.

Ref: Security Code No. 511644 Security ID: OMEGAIN

Dear Sir/ Ma' am,

With reference to above, kindly find enclosed herewith the following:

Pursuant to the provisions of Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on 13th November, 2019 has:

Considered and approved the Unaudited Standalone Financial Results of the Company for the Quarter and Half year ended 30th September, 2019. The Statutory Auditors have carried out Limited Review for the said quarter.

An extract of the Unaudited Standalone Financial Results including Statement of Assets & Liabilities and Statement of Cash Flows along with the Limited Review Report for the Quarter and Half year ended 30th September, 2019 is enclosed herewith.

The meeting of the Board of Directors commenced at 5:30 P.M. and concluded at 6:15 P.M.

Kindly find the same in order and acknowledge.

Thanking You.

Yours faithfully, For Omega Interactive Technologies Limited x8.~~

Shonette Misquitta Company Secretary and Compliance Officer M. No.: A57825

Encl: as above

Statement of Un-Audited Financial Results for the Quarter and Half Year ended 30th September, 2019

							{Amount in INR)
			Quarter Ended		Half Year Ended		Year Ended
Sr.	Particulars	30/09/2019	30/06/2019	30/09/2018	30/09/2019	30/ 09/2018	31/03/2019
No.		(Un· audited)	(Un. audited)		(Un · audited) (Un· audited) (Un • audited)		{Audited)
1	Income
	a) Revenue from operations
	b) Other Income	5,64,466	1,62,678	1,64,466	7,27,144	3,27,144	6,56,730
	Total Income (a+b)	5,64,466	1,62,678	1,64,466	7,27,144	3,27,144	6,56,730
2	Expenses
	a) Cost of materials consumed
	b) Excise duty on sales
	c) Purchase of Stock in Trade
	d) changes in inventories of finished goods, Stock . in
	- trade and Work - in· progress					-
	e) Employees benefit expense	3,75,620	2,34,176	14,500	6,09,796	28,750	1,85,845
	f) Finance Cost
	g) Depreciation and amortisation expense
	h) Other expenses	54,875	38,786	36,233	93,661	1,24,814	1,94,105
	Total Expenses (a+b+c+d+e+f+g)	4,30,495	2,72,962	50,733	7,03,457	1,53,564	3,79,950
3	Profit Before Tax (1·2)	1,33,971	(1,10,284)	1,13,733	23,687	1,73,580	2,76,780
4	Tax expense
	(i) Current Tax					30,000	72,000
	(ii) Excess provision for Tax of earlier periods written
	back	-					255
	(iii) Deffered Tax
	Total Tax Expense (i•ii+iii)					30,000	72,255
5	Profit for the period (3-4)	1,33,971	(1,10,284)	1,13,733	23,687	1,43,580	2,04,525
6	Other Comprehensive Income
	(i) Items that will not be reclassified to statement of
	Profit and Loss
	(ii) Income tax relating to items that will not be
	reclassified to statement of Profit and loss
	(oii) Items that will be reclassified to statement of
	profit and loss
	(iv) Income tax relating to item s that will be
	reclassified to statement of Profit and loss
7	Total Other comprehensive income (net of tax) (i+i1+iii+iv)
	To tal Comprehensive income for the period (5+7)
8	(comprising income for the period)	1,33,971	(1,10,284)	1,13,733	23,687	1,43,580	2,04,525
	Paid-up Equity Share Capital - Face Value of Rs. 10/·
9	each	50,00,000	50,00,000	50,00,000	50,00,000	50,00,000	50,00,000
	Reserves Excluding Revaluation Reserve as per balance
10	sheet of previous accounting year						28,35,173
11	Bas,c and Diluted Earning Per Shar e (EPS) (Rs.)	0.27	(0.22)	0.23	0.05	0.29	0.41

BALANCE SHEET AS AT SEPTEMBER 30, 2019

			{Amount in INR)
Particulars		September 30, 2019	March 31, 2019
ASSETS
Non-Current Assets
(a) Financial Assets
Loa ns		72,50,000	72,50,000
(b) Other Non-Current Assets		1,05,250	65,250
		73,55,250	73,15,250
Current assets
(a) Financial Assets
(i) Cash and Cash Equivalents		3,85,517	3,63,701
(ii) Loans		53,500	-
(iii) Other Financial Assets		3,27,144	5,87,250
		7,66,161	9,50,951
	TOTAL	81,21,411	82,66,201
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital		50,00,000	50,00,000
{b) Other Equity		28,58,861	28,35,173
		78,58,861	78,35,173
Liabilities
Current Liabilities
(a) Financial Liabilities
Other Financial Liabilities		1,67,350	3,41,528
(b) Other Current Liabilities		95,200	89,500
		2,62,550	4,31,028
	TOTAL	81,21,411	82,66,201

For Omega Interactive Technologies Limited

Krishan Kumar Rathi Director DIN : 00156061

Place : Mumbai Date : 13/11/2019

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED SEPTEMBER 30, 2019

		(Amount in INR)
Particulars	September 30, 2019	March 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit/{Loss) before income tax from:	23,687	2,76,780
Adjustments for:
Interest income classified as investing cash flows	(3,27,144)	(6,52,500)
Change in operating assets and liabilities:
(Increase)/ Decrease in ot her assets	-	4,425
(Increase}/ Decrease in Financial asset s	(53,500}	-
Increase/ (Decrease) in other financial liabilities	(1,74,177}	81,901
Increase/ (Decrease) in other liabilities	5,700	72,000
Cash generated from operations	(5,25,434)	(2,17,394)
Less : Income t axes paid	(40,000)	(52,650}
Net cash inflow from operating activities	(5,65,434)	(2,70,044)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans to Others	-	-
Interest received	5,87,250	5,80,710
Net cash inflow (outflow) from financing activities	5,87,250	5,80,710
		3,10,666
Net increase (decrease) in cash and cash equivalents	21,816	53,035
Cash and Cash Equivalents at the beginning of the financial year	3,63,701
Cash and Cash Equivalents at end of the year	3,85,517	3,63,701
Reconciliation of cash and cash equivalents as per the cash flow statement:
Cash and cash equivalents as per above comprise of the following:
Cash and cash equivalents	3,85,517	3,63,701
Balances per statement of cash flows	3,85,517	3,63,701

For Omega Interactive Technologies Limited

Krishan Kumar Rathi Director DIN : 00156061

Place : Mumbai Date : 13/ 11/2019

• 1 The above results were recommended by the audit committee and taken on record by the Board of Directors of the Company at their meeting held on November 13, 2019. The statutory auditors of the Company have conducted limited review of these financial results, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• 2 The financial results have been prepared in accordance with Indian Accounting Standards (Ind As) as prescribed under Section 133 of the Companies Act,2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules,2015 and relevant amendments.
• 3 The company is engaged in the business of software services including development of softwares and therefore there is only one reportable operating segment. Hence, disclosures required by Indian Accounting Standard - 108 "Operating Segment" is not applicable to the Company.
• 4 Figures of previous periods/years' have been regrouped/ rearranged, wherever considered necessary.

For Omega Interactive Technologies Limited

Place : Mumbai Dated : November 13, 2019

Krishan Kumar Rathi Director DIN: 00156061

DESAI SAKSENA & ASSOCIATES Chartered Accountants

LumjBullcllag 111 Floor SirP.M.Rud.Fon Ma•baf.. 400t81

Tel : 66 26 16 00 flax : 66261617 EmaH : cont1ct@d1aca,coJp

Umited Review report on quarterly unaudited financial results of Omega Interactive Technologies Limited pursuant to the regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors Omega Interactive Technologies Limited

We have reviewed the accompanying statement of unaudited financial results of Omega Interactive Technologies Limited ('the Company') for the quarter and half year ended September 30, 2019 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirement of Regulations 33 of the SEBI (listing Obligations and Disclosure Requirement) Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016.

This statement is the responsibility of the Company's management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34}, prescribed under Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial results based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review Is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. '

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Based on our review, conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement is prepared in accordance with applicable Indian Accounting Standards prescribed under section 133 of Companies Act 2013 read with rules issued thereunder and other recognised accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016, including the manner In which it is to be disclosed, or that it contains any material misstatement.

For Desai Saksena & Associates Chartered Accountants F.R. No. 102358W ~

_,g. r-l

Dr. S.N. Desai Partner M, No.032546 UDIN: 19032546AAAACF5646

Place : Mumbai Date : 13th November 2019

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