Omega Interactive Technologies Ltd. — Interim / Quarterly Report 2019

Aug 13, 2019

13th August, 2019

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

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

Ref: Security Code No. 511644 Security ID: OMEGAIN

Dear Sir/ Ma' am,

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the Board of Directors of the Company at its meetin g held on 13th August, 2019 inter-alia, considered the following businesses among others:

1. Considered and approved the Unaudited Financial Results of the Company for the quarter ended 30th June, 2019. The Statutory Auditors have carried out Limited Audit Review for the said quarter.

An extract of the Unaudited Financial Results along with Limited Review Report for the quarter ended 30th June, 2019 is enclosed herewith.

• 1. Rc-appoinhnent of Mrs. Subrata Paul (DIN: 07139577), Independent Director of the Company for a 2nd term of 5 (Five) consecutive years as the existing term expires on 29th March, 2020, subject to approval of members at the ensuing AGM.
• 1. Regularization of appointment of Mr. Ravi Kumar Kishan Chand Seth (DIN: 02427404), Additional Non-Executive Independent Director of the Company, and lhe same be rcconuncnded to the Members for their approval a t the ensuing Annual General Meeting.

To increase the limits for making investments / giving loans, guarantees or providing securities under section 186 of the Companies Act, 2013.

The meeting of the Board of Directors commenced at 5.00 P.M. and concluded at 5.30 P.M.

Kindly make a n ote of the same and acknowledge.

Thanking You.

Por Omega Interactive Technologies Limited

4~~

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

Encl: as n bove

1n:SAI SAKSENA & ASSOCIATES C'hart~r< ti ,\1:co1111hmt-.

Luml R11lldiog l" Floor Tel : 66 26 l6 00 Sir r.M. Road, Fort hx : 66 26 16 17

Mumbai- 400001 f.mail : mg_t1&cJ@d.~au.co.in

Limited 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) ~ulations, 2015

To The Board of Directors Omega lntNactive Technologies Limited

W1. havl,; reviewed the accompanying statement of unaudited financial results of Omega Interactive Technologies Limited ('the Company'} for the quarter ended June 30, 2019 ('the St 'rNnt) attached herewith, being submitted by the Company pursuant to the requirement of Rcgulati v1, 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, re<1d 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 pdnciples hid down in t he Indian Accounting Standard 34 "Interim Financial Reporting" {Ind AS 3«'1). 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 1sc,ue r1 report on these financial results based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 1410, "Rev,<. of Interim Financial Information Performed by the Independent Auditor of the Enrity" issued by the Institute of ( har tered Accountants of India. rhis Standard requires that we plan and pC>rforn, the review to obtain moderate assurance as to whether the statement is free of material , st., ernent. A review rs 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.

l'nge I of2

Based on our review, conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying siatement 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 dic;closed 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

Partner M. No.032546 UDIN: 19032546AAAAAW4974

Place : Mumbai Date : August 13, 2019

Statement of Un-Audited Financial Results for the Quarter ended 30th June, 2019

		(Amount In INR)
Sr. No.	Particulars	Quarter Ended			Year Ended
		30/ 06/2019	31/03/2019 (Audited)	30/06/2018 (Un • audited)	31/03/ 2019 (Audited)
		(Un - audited)
	1 Income
	a) Revenue from operations
	b) Other Income	162,678	165,120	162,678	656,730
	Total Income (a+b}	162,678	165,120	162,678	656,730
	2 hpenses
	a) Cost of materials consumed
	bl 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	234,176	80,987	14,250	185,845
	f) Finance Cost
	g} Depreciation and amortisation expense
	h} Other expenses	38,786	34,663	88,581	194,105
	Total Expenses (a+b+c+d+e+f+g}	272,962	115,650	102,831	379,950
	3 Profit Before Tax (1·2}	(110,284)	49,470	59,847	276,780
	4 Tax expense (1) Current Tax		17,000		72,000
	(ii) Excess provision for Tax of earlier periods written
	back		255		255
	(iiil Deffered Tax
	Total Tax Expense (i+ll+iii)		17,255		72,255
	5 Profit for the period (3·4}	(110,284)	32,215	59,847	204,525
	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
	(Ill) Items that will be reclassified to statement of
	profit and loss
	(iv) Income tax relating to items that will be
	reclassified to statement of Profit and loss
	7 Total Other comprehensive income (net of tax) (i+H+iii+iv}
	8 Total Comprehensive Income for the period (5+7) (comprisina income for the period)	(110,284)	32,215	59,847	204,525
	9 Paid-up Equity Share Capital· Face Value of Rs. 10/·
	each	5,000,000	5,000,000	5,000,000	5,000,000
	10 Reserves Excluding Revaluation Reserve as per balance				2,835,173
	sheet of previous accounting year
	11 Basic and Diluted Earning Per Share (EPS) (Rs.)	(0.22)	0.06	0.12	0.41

Notes:

1 n,e 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 August 13, 2019. The statutory auditors of the Company have conducted limited review of these financial result s, pursuant to Regulation 33 of SEOI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2 The figures of the quarter ended March 31, 2019 are the balancing figures between audited figures for the full financial year and unaudited published year to date figures upto the third quarter of the respective financial year.

• 3 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.
• 4 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 Atcounting Standard· 108 "Operating Segment" is not applicable to the Company.

5 Figures of previous periods/years' have been regrouped/ rearranged, wherever considered necessary.

Place : Mumbai Diroctor Dated : August 13, 2019 DIN: 00156061