Omega Interactive Technologies Ltd. — Interim / Quarterly Report 2019

May 29, 2019

29th May, 2019

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

Ref: Security Code No. 511644

Sub: Outcome of Board Meeting held on 29th May, 2019

Dear Sir/ Madam,

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 meeting held on 29th May, 2019 inter-alia, considered the following businesses among others:

1. Approved the Audited F~1ancial Results of the Company along with the Statement of Assets and Liabilities for the Quarter and Year ended on 31st March, 2019.

Pursuant to the provisions of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the following:

• a) Audited Financial Results for the Quarter and Year ended 31st March, 2019 along with the Statement of Assets and Liabilities of the Company as on that date.
• b) Auditors Report on the Financial Results for the Quarter and Year ended 31st March, 2019.
• c) Declaration for Unmodified Opinion on Auditors Report.
• 1. Ratification of appointment of Mr. Krishankumar Bhajanlal Rathi (DIN: 00156061) as Managing Director of the Company for a period of 5 (Five) years and the same be recommended to the members for their approval at the ensuing Annual General Meeting. (Brief Profile enclosed)

• 1. Considered and approved the appointment of Mr. Ravi Kumar Kishan Chand Seth (DIN: 02427404) as an Additional Non-Executive Independent Director of the Company w.e.f. 29th May, 2019 and the same be recommended to the members for their approval at the ensuing Annual General Meeting of the Company. (Brief Profile enclosed)
• 1. Considered and approved the appointment of Mr. Anirudh Kumar Tanvar (Membership No. A23145) as Secretarial Auditor of the Company for the financial year 2019-2020 in compliance with the applicable provisions of the Companies Act, 2013 in place of retiring Secretarial Auditor Mrs. Bijal Nagda, (Membership No. A26296).

The meeting of the Board of Directors commenced at 5:00 P.M. and concluded at 6:10 P.M.

Kindly make a note of the same and acknowledge.

Thanking You.

For Omega Interactive Technologies Limited

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

Encl: as above

Brief Profile

1. Mr. Krishankumar Bhajanlal Rathi, Managing Director:

of and term of appointment Date appointment	Date of appointment: 24th April, 2019 Term of Appointment: 5 (Five) years as a Director of the Company Managing commencing from 24th April, 2019 upto 23rd April, 2024, subject to approval of the members at the ensuing Annual General Meeting.
Brief Profile	Mr. Krishankumar Bhajanlal Rathi, aged 60 years is a Commerce Graduate and has more than 3 decades of experience in the field of finance, administration including import and export clearance work.
relationships between Disclosure of directors	Mr. Krishankumar Bhajanlal Rathi is not related to any other Director of the Company.

2. Mr. Ravi Kumar Kishan Chand Seth:

Date appointment and term of of Date of appointment: 29th May, 2019 appointment Term of Appointment: Upto the ensuing Annual General Meeting of the Company as an Additional Director, and thereafter, as Non-Executive Independent Director for a term of 5 (Five) consecutive years commencing from 29th May, 2019 upto 28th May, 2024, subject to approval of the members at the ensuing Annual General Meeting.
Brief Profile Mr. Ravi Kumar Kishan Chand Seth, aged 67 years is a Qualified Chartered Accountant. He has more than 44 years of experience, as Practicing Chartered and interacting Accountant entrepreneurs from the various fields.
Disclosure of relationships between directors	Mr. Ravi Kumar Kishan Chand Seth is not related to any other Director of the Company.

3. Mr. Anirudh Kumar Tanvar:

of appointment and term of Date appointment	Date of appointment: 29th May, 2019 Term of Appointment: Mr. Anirudh Kumar Tanvar (Membership No: 23145, COP: 19757) is appointed as Secretarial Auditor for the financial year 2019-20.
Brief Profile	Mr. Anirudh Kumar Tanvar is a qualified Company Secretary with more than 10 years of professional experience. His expertise Hes in matters pertaining to Corporate Laws and compliances related to SEBI Regulations.
of Disclosure relationships between directors	Mr. Anirudh Kumar Tanvar is not related to any other Director of the Company.

For Omega Interactive Technologies Limited

;\$~

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

Statement of Assets and Liabilities as at 31st March, 2019

		!AUi tea1	(Amounts in INR)
Sr. No.	Particulars	As at	As at
		31-Mar-19	March 31, 2018
	ASSETS
1	Non • Current Assets
	(a) Property, Plant and equipment
	(bl Capital work - in - progress
	(c) Goodwill
	(d) Other intangible assets
	(e) Financial Assets
	(i) Investment
	(ii) Trade Receivables
	(iii) Loans	7,250,000	7,250,000
	(f) Other Tax Assets (Net)	65,250	84,855
	(g) Other non cu rrent assets
2	Current Assets
	(a) Inventories
	(b) Financial Assets (i) Investments
	(ii) Trade Receivables
	(iii) Cash and Cash Equivalents	363,701	53,035
	(iv) Bank Balances other than (iii) above
	(v) Loans
	(vi) Other Financial Assets	587,250	515,460
	(c) Other Cu rrent Assets		4,425
	Total Assets	8,266,201	7,907,775
	Equity and Liabilities
1	Equity
	(a) Equity Share Capital	5,000,000	5,000,000
	(b) Other Equity	2,835,173	2,630,648
2	Liabilities
	(I) Non - Current Lia bilities (a) Financial Liabilities
	(i) Borrowings
	(b) Provisions
	(c) Deferred Tax Liabilit ies (Net)
	(II) Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings
	(ii) Trade Payables
	(iii) Other Financial Liabilities	341,528	259,627
	(b) Other Current Liabilities	89,500	17,500
	(c) Provisions
	(d) Current Tax Liablities (Net) Total Equity and Liabilities	8,266,201	7,907,775

For Omega Interactive Technologies Limited

Krishan Kumar Rathi Managing Director DIN: 00156061

Place: Mumbai Date: 29th May, 2019

Regd. off.: 402, 4th Floor, Vaastu Darshan, 'B' Wing, Azad Road, Andheri (E), Mumbai - 400 069. Tel.: 6555 5215, E-mail : omegainteractive.technologies@gmail.com

Statement of Audited Financial Results for the Quarter and Year Ended 31st March, 2019

Quarter Ended						(Amount in INR) Vear Ended
Sr. No.	Particulars	31/03/19	31/12/18	31/03/18	31/03/19	31/03/ 18
		(Audited)	(U n - audited)	(Audited)	(Audited)	(Audited)
1	Income
	a) Revenue from operations			400,000		650,000
	b) Other Income	165,120	164,466	157,947	656,730	618,555
	Total Income (a+b)	165,120	164,466	557,947	656,730	1,268,555
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	80,987	76,108	185,250	185,845	400,750
	f) Finance Cost
	g) Depreciation and amortisation expense
	h) Other expenses	34,663	34,627	517,537	194,105	675,572
	Total Expenses (a+b+c+d+e+f+g)	115,650	110,735	702,787	379,950	1,076,322
3	Profit Before Tax (1·2)	49,470	53,731	(144,840)	276,780	192,233
4	Tax expense
	(i) Current Tax	17,000	25,000	42,000	72,000	42,000
	(ii) Excess provision for Tax of earlier periods written	255		213,833	255	213,833
	back
	(iii) Deffered Tax Total Tax Expense (l+ii+iii)	17,255	25,000	255,833	72,255	255,833
5	Profit for the period (3-4)	32,215	28,731	(400,673)	204,525	(63,600)
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
	reclasslfled to statement of Profit and loss
	(iii) 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+ii+lil+lv)
	Tot al Comprehensive income for the period (5+7)
8	(comprising income for the period)	32,215	28,731	(400,673)	204,525	(63,600)
	Paid-up Equity Share Capital · Face Value of Rs. 10/·	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
9	each
	Reserves Excluding Revaluation Reserve as per balance				2,835,173	2,630,648
10	sheet of previous accounting year
11	Basic and Diluted Earning Per Share (EPS) (Rs.)	0.06	0.06	(0.80)	0.41	(0.13)

Regd . off.: 402, 4th Floor, Vaastu Darshan, 'B' Wing, Azad Road, Andheri (E), Mumbai - 400 069. Tel.: 6555 5215, E-mail : omegainteractive.technologies@gmail.com

	Notes:
1	The above audited financial result for the quarter and year ended 31st March, 2019 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors In their respective meeting held on 29th May, 2019. The statutory auditors have expressed an unqualified opinion.
2	Figures for the quarter ended 31st March, 2019 and corresponding quarter ended in the previous year as reported in these financial resu lt s are t he balancing figures in respect of full financial year to date figure upto end of third quarter of the relevant fi nancial year. Also the figures upto the end of third quarter of the relevant financial year had only been reviewed and not subject to Audit.
3	The Audited financial results are in accordance with the 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 Companies (Indian Accounting Standards) (Amendment Rules), 2016
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 Accounting Standard - 108 'Operating Segment' are not applicable to t he com pany.
5	Effective from April 1, 2018, the company has adopted Ind AS 115, 'Revenue from Contracts with customers'. The adoption of this standard did not have any impact on profits, retained earnings and earnings per share of t he company.
6	The figures of previous period/ year have been regrouped/ rearranged wherever necessary/ practicable to conform to current period/year presentation.

For Omega Interactive Technologies Limited

...... -~-~

Krishan Kumar Rathi Director

Place: Mumbai Date: 29th May, 2019 DIN: 00156061

DESAI SAKSENA & ASSOCIATES Laxmi Building Chartered Accountants 1" Floor Tel : 66 2616 00

SirP.M. Road, Fort Fax : 66 261617

Mumbai- 400001 Email : contact@dsaca.co.in

Website : www.dsaca.co.ln

Auditor's Report on Quarterly and Year to Date Financial Results Omega Interactive Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

To The Board of Directors of Omega Interactive Technologies Limited

We have audited the accompanying Statement of financial results of Omega Interactive Technologies Limited ("the Company") for the quarter and year ended March 31, 2019, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016. The quarterly financial results are derived figures between the audited figures in respect of the year ended March 31, 2019 and the published year-to-date figures up to December 31, 2018, being the date of the end of the third quarter of the current financial year, which were subject to limited review.

The financial results for the quarter and year ended March 31, 2019 have been prepared on the basis of the financial results for the nine-month period ended December 31, 2018, the audited annual Ind AS financial statements as at and for the year ended March 31, 2019, and relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, which are the responsibility of the Company's management and have been approved by the Board of Directors of the Company.

Our responsibility is to express an opinion on these financial results based on our review of the financial results for the nine-month period ended December 31, 2018 which was prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India; our audit of the financial statements as at and for the year ended March 31, 2019; and the relevant requirements of the SEBI Regulations.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit includes examining, on test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, these quarterly financial results as well as the year to date results:

• (i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016; and
• (ii) give a true and fair view of the net profit (financial performance including other comprehensive income) and other financial information of the company for the quarter ended March 31, 2019 and net profit (financial performance including other comprehensive income) and other financial information of the company for the year ended March 31, 2019.

For Desai Saksena & Associates Chartered Accountants FRN.102358W

Dr.S.N.Desai Partner Membership No.032546

Place: Mumbai Date: May 29, 2019

29th May, 2019

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

Ref: Security Code No. 511644

Sub: Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to the provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by SEBI Notification No. SEBI/ LAD-NRO/GN/2016-17 /001 dated 25th May, 2016 and SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27th May, 2016 we hereby confirm that the Audit Report issued by M/ s. Desai Saksena & Associates, Chartered Accountants, (FRN: 102358W), Mumbai on the Audited Financial Results of the Company for the quarter and year ended 31st March, 2019 is with Unmodified Opinion.

Kindly make a note of the same and acknowledge.

Thanking You,

For Omega Interactive Technologies Limited

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