Omega Interactive Technologies Ltd. — Interim / Quarterly Report 2020

Feb 4, 2020

4th February, 2020

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

Security Code: 511644 Scrip Code: OMEGAIN

Sub: Outcome of Board Meeting held on 4th February, 2020

Dear Sir,

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

Pursuant to the provisions of Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held on 4th February, 2020 has:

Considered and approved the Unaudited Financial Results of the Company for the Quarter and Nine months ended 31st December, 2019. The Statutory Auditors have carried out Limited Audit Review for the said Quarter and Nine mon ths ended 31st December, 2019.

An extract of the Unaudited Financial Results along with Limited Review Report for the Quarter and Nine months ended 31st December, 2019 is enclosed herewith.

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

Kindly find the same in order and acknowledge.

Thanking you,

Yours faithfully, For Omega Interactive Technologies Limited

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 Nine M onths ended 31st December, 2019

							(Amount in INR)
Sr.	Particulars	Quarter Ended			Nine Months ended		Year Ended
No,		31/12/19	30/09/19	31/12/18	31/12/19	31/12/18	31/03/2019
		(Un• audited)	(Un • audited)		(Un - audited) (Un • audited) (Un• audited)		(Audited)
1	Income
	a) Revenue from operations		400,000		400,000
	b) Other Income	151,967	164,466	164,466	479,111	491,610	656,730
	Total Income (a+b)	151,967	564,466	164,466	879,111	491,610	656,730
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	326,700	375,620	76,108	936,496	104,858	185,845
	f) Finance Cost
	g) Depreciation and amortisation expense
	h) Other expenses	652,843	54,875	34,627	746,504	159,442	194,105
	Total Expenses (a+b+c+d+e+f+g)	979,543	430,495	110,735	1,683,000	264,300	379,950
3 4	Profit/(Loss) Before Tax (1·2) Tax expense	(827,576)	133,971	53,731	(803,889)	227,310	276,780
	(I) Current Tax
	(ii) Excess provision for Tax of earlier periods written			25,000		55,000	72,000
	back	(30)			(30)		255
	(iii) Deffered Tax
	Total Tax Expense (i+ii+iii)	(301		25,000	(30)	55,000	72,255
s	Profit/(Loss) f or the period (3-4)	(827,546)	133,971	28,731	(803,859)	172,310	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)
	(l+ll+lll+lv)
8	Total Comprehensive Income for the period (5+7) (comprising income for th e period)	(827,546)	133,971	28,731	(803,859)	172,310	204,525
	Paid-up Equity Share Capital• Face Value of Rs. 10/-
9	each	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000
	Reserves Excluding Revaluation Reserve as per balance
10	sheet of previous accounting year						2,835,173
11	Basic and Diluted Earning Per Share (EPS) (Rs.)	(1.66)	0.27	0.06	(1.61)	0.34	0.41

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 February 4, 2020. 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 appl icable to the Company.
• 4 Figures of previous periods/years' have been regrouped/ rearranged, wherever considered necessary.

For Omega Interactive Technologies Limited

Place : Mumbai Dated : February 4, 2020 Krishan Kumar Rathi Managing Director DIN: 00156061

DESAI SAKSENA & ASSOCIATES Chartered Accountants

Laxmi Building Sir J>.M. Koad. f'orf J<'a1: : 66 26 16 17

t~ Floor Tel : 66 26 16 00 Mumbai- 400001 Email : illl!.!!.£l.@l1:I~

Limited Review Report on Quarterly and year to date Unaudited Financial Results for period April 1, 2019 to December 31, 2019 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 TECHNOLOGIESLIMITEO

• 1) We have reviewed the accompanying Statement ol Unaudited Financial Results of OMEGA INTERACTIVE TECHNOLOGIES LIMITED ("the company") for the quarterand year to date results for the period April 1, 2019 to December 31, 2019("the Statement")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 amended.
• 2) We conducted our Limited Review in accordance with the standard on Review Engagement SRE 2410 'Review of Interim Financial lnforrnation Performed by Independent Auditors'issued by the Institute of Chartered Accountants of India. These standards require that we plan and perform the review to obtain moderate assurance as to whether the interim Financial Statements are free of mat erial misstatements. 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.
• 3) Based on our review conducted as 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 accounting standards and other recognized accounting practices and policies 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, 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

, -

Dr. s. N. Desai Partner Membership No.032546 UDIN: 20032546AAAAAG2833 Place: Mumbai Date: 04 February, 2020