Omega Interactive Technologies Ltd. — Interim / Quarterly Report 2020

Nov 9, 2020

91h November, 2020

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

Security Code: 511644 Scrip Code: OMEGAIN

5.,ub: Outcome of Board Meeting held on 9th November, 2020

Dear Sir,

Pursuant to the provisions of Regulation 30 and Regulation 33 of the SE£3I (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on 91h November, 2020 has:

Considered and approved the Unaudited Financial Results of the Company for the Quarter and Half Year ended 30u, September, 2020. The Statutory Auditors have carried out Limited Audit Review for the said Quarter and Half Year ended 30th September, 2020.

An extract of the Unaudited Financial Results including Statement of Assets and Liabilities and Statement of Cash Flows along with Limited Review Report for the

Quarter and Half Year ended 301h September, 2020 is enclosed herewith.

The meeting of the Board of Directors commenced at 4:30 P.M. and concluded at 5:00 P.M.

Kindly find the same in order and acknowledge.

Thanking you,

Yours faithfully, For Omega Interactive T ech nologies Limited

~M~

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

Encl: As above

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 Un-Audited Financial Results for the Quarter and Half Year ended 30th September, 2020

			Quarter Ended		Half Year Ended		(Amount in INK)
Sr.							Year Ended
No.	Particulars	30-09-2020	30-06-2020	30-09-2019	30-09-2020	30-09-2019	31-03-2020
		(Un - audited)	(Un - audited)	(Un - audited)	(Un - audited)	(Un - audited)	(Audited)
$\mathbf{1}$	Income
	a) Revenue from operations	4.36,420			4,35,420		16,50.000
	b) Other Income	1,10,445	1,52,740	5,64,466	2,63,185	7,27,144	6,17,828
	Total Income (a+b)	5,46,865	1,52,740	5,64,466	6,99,605	7,27,144	22,67,828
$\overline{2}$	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	1,94,812	2,22,680	3,75,620	4,17,492	6,09,796	12,46.160
	f) Finance Cost
	g) Depreciation and amortisation expense						9,23,173
	h) Other expenses	1,55,651	1,05,685	54,875	2,61,336	93,661	21,69,333
	Total Expenses (a+b+c+d+e+f+g)	3,50,463	3,28,365	4,30,495	6,78,828	7.03.457	98,495
3	Profit Before Tax (1-2)	1,96,402	(1, 75, 625)	1,33,971	20,777	23,687
$\ddot{\phantom{a}}$	Tax expense
	(ii) Current Tax	5,000			5,000		24,800
	(iii) Excess provision for Tax of earlier periods written back						(30)
	inii Deffered Tax
	Total Tax Expense (i+li+iii)	5.000			5,000		24,77C
5	Profit for the period (3-4)	1,91,402	(1, 75, 625)	1,33,971	15,777	23,687	73,725
6	Other Comprehensive Income
	(i) Items that will not be reclassified to statement of
	Profit and Loss
	(iii) Income tax relating to items that will not be
	reclassified 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
$\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\over$	Total Other comprehensive income (net of tax)
	$(i+ir+il+iv)$
$\bf{8}$	Total Comprehensive income for the period (5+7) (comprising income for the period)	1,91,402	(1, 75, 625)	1,33,971	15,777	23,687	73,725
ÿ	Paid-up Equity Share Capital - Face Value of Rs. 10/-	50,00,000	50,00,000	50,00,000	50,00,000	50,00,000	50,00,000
	each Reserves Excluding Revaluation Reserve as per balance
10	sheet of previous accounting year						29,08,898
	Basic and Diluted Earning Per Share (EPS) (Rs.)	0.38	(0.35)	0.27	0.03	0.05	0.15

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

BALANCE SHEET AS AT 30th SEPTEMBER, 2020

			(Amount In INR)
		As at	As at
Particulars		30th September, 2020	31st March, 2020
ASSETS
Non-Current Asset s
(a) Financial Asset s
Loans		62,50,000	62,50,000
lb) Other Non-Current Assets		1,96,983	2,01,983
		64,46,983	64,51,983
Current assets
(a) Financial Assets
(i) Trade Receivables		4,36,420	-
(ii) Cash and Cash Equivalents		1,02,391	9,42,365
{iii) Loans		22,000	24.500
(iv) Other Financial Assets		8,06,730	5,56,045
(bl Other Cu rrent Assets		2,05, 732	-
		15,73,273	15,22,910
	TOTAL	80,20,256	79,74,893
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital		50,00,000	50,00.000
(b) Other Equity		29,24,675	29,08,898
		79,24,675	79,08,898
Liabilities
Current Liabilities
(a) Financial L1ab1llt1es Other Financial Liabilities
Jb} Other Current Liabilities		74,261 21,320	25,670 40,325
		95,581	I 65,995
	TOTAL	80,20,256	79,74,893

For Omega Interactive Technologies Limited

Krishan Kumar Rathi Managing Director DIN: 00156061

Place: Mumbai Date: 9th November, 2020

Regd. off.: 402, 4t_h Floor, Vaastu Da_rshan, ·s·_wing, Azad Road, Andheri (E), Mumbai - 400 069. Tel. . 6555 5215, E-marl : omegamteractive.technologies@gmail.com

OMEGA INTERACTIVE TECHNOLOGIES LIMITED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30th SEPTEMBER, 2020

	(Amount in INR)
Particulars	Half year ended	Year ended
	30th September, 2020	30th September, 2019	31st March, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit before income tax from:	20,777	23,687	98,495
Adjustments for:
Interest income classified as investing cash flows	(250, 685)	(327, 144)	(617, 828)
Change in operating assets and liabilities:
(Increase)/ Decrease in trade receivables	(435, 420)		٠
(Increase)/ Decrease in Non Current assets	5,000
(Increase)/ Decrease in other assets	(205, 732)
(Increase)/ Decrease in financial assets	2,500	(53,500)	(24, 500)
(Increase)/ Decrease in Other financial assets	(250, 685)
Increase/ (Decrease) in other financial liabilities	48,591	(174, 177)	(315, 858)
Increase/ (Decrease) in other liabilities	(19,005)	5,700	(49, 175)
Cash generated from operations	(1,085,659)	(525, 434)	(908, 866)
Less: Income taxes paid	(5,000)	(40,000)	(161, 503)
Net cash inflow from operating activities	(1,090,659)	(565, 434)	(1,070,369)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans to others			1,000,000
interest received	250,685	587,250	649,033
Net cash outflow from investing activities	250,685	587,250	1,649,033
Net increase (decrease) in cash and cash equivalents	(839, 974)	21,816	578,664
Cash and Cash Equivalents at the beginning of the financial year	942,365	363,701	363,701
Cash and Cash Equivalents at end of the year	102,391	385,517	942,365
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	84,733	35,833	187,316
Balances with banks on current account	17,658	349,684	755,049
Balances per statement of cash flows	102,391	385,517	942.365

For Omega Interactive Technologies Limited

K.K.ROCES

Krishan Kumar Rathi Managing Director DIN: 00156061

Place: Mumbai Date: 9th November, 2020

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 results were recommended by the audit committee and taken on record by the Board of Directors of the Company at their meeting held on 9th November, 2020. The statutory auditors of the Company have conducted limited review of these financial results, pursuant to Regulation 33 of SE Bl {Listing Obligations and Disclosure Requirements) Regulations, 2015.
• 2 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.
• 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 There has been no significant impact on the operations and financial position of the Company on account of the outbreak of the COVID-19 pandemic and the consequential lock-down restrictions imposed by the Government.
• 5 Figures of previous periods/years' have been regrouped/rearranged, wherever considered necessary.

For Omega Interactive Technologies Limited

Place : Mumbai Dated : 9th November 2020

Krishan Kumar Rathl Managing Director DIN: 00156061

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

Laxmi Building 1st Floor Sir P.M. Road, Fort Mumbai- 400001

Tel : 66261600 Fax :66261617 Email: contact@dsaca.co.in

Website: www.dsaca.co.in

Independent Auditor's Limited Review report on Unaudited Quarterly and Half yearly 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 30th September, 2020 ('the Statement') attached herewith, being submitted by the Campany pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended ("Listing Regulations").

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' prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the statement 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 provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable Indian Accounting Standards prescribed under section 133 of Companies Act 2013 read with rules issued thereunder and other recognized 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, as amended ("Listing Regulations") 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

Shashank Narendra Desai Digitallysfgnedby ShashankNarendra Desai Date : 2020.11.09 11:55:57 +05'30' (Dr. S.N. Desai) Partner M. No.032546 UDIN: 20032546AAAACH6217 Place : Mumbai Date : 9th November, 2020