Omkar Overseas FY26 Net Loss Widens to ₹17 Lakh

Revenue from Operations: ₹0.00 lakh for FY 2025-26 (Previous year: ₹0.00 lakh)
Other Income: ₹0.14 lakh for FY 2025-26 (Previous year: ₹1.59 lakh)
Total Expenses: ₹17.17 lakh for FY 2025-26 (Previous year: ₹16.65 lakh)
Net Loss: ₹17.03 lakh for FY 2025-26 (Previous year: ₹15.05 lakh)
Basic and Diluted EPS: ₹(0.35) per share for FY 2025-26 (Previous year: ₹(0.31) per share)
Share Capital: Authorized ₹600.00 lakh (60,00,000 equity shares of ₹10 each); Paid-up ₹492.36 lakh (50,00,000 equity shares of ₹10 each, after considering unpaid call money of ₹7.64 lakh on 1,01,900 equity shares)
Net Worth: Negative ₹37.88 lakh as at March 31, 2026 (Previous year: Negative ₹20.85 lakh)
Cash and Cash Equivalents: ₹4.68 lakh as at March 31, 2026 (Previous year: ₹4.63 lakh)
Borrowings: ₹39.10 lakh as at March 31, 2026 (Previous year: ₹20.89 lakh)
Trade Payables: ₹7.89 lakh as at March 31, 2026 (Previous year: ₹9.35 lakh)

Annual General Meeting: September 26, 2026 at 11:30 AM
Record Date for AGM: September 20-26, 2026 (both days inclusive)
E-voting Period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
Cut-off Date for E-voting: September 21, 2026
Board Meetings Conducted: 5 meetings during FY 2025-26 (May 9, 2025; July 25, 2025; August 29, 2025; November 7, 2025; February 7, 2026)

Statutory Auditor: M/s. N.S. Nanavati & Co., Chartered Accountants
Internal Auditor: M/s. A H Mandaliya & Associates, Chartered Accountants
Secretarial Auditor: M/s. Himanshu S K Gupta & Associates, Practicing Company Secretaries
Registrar & Share Transfer Agent: MUFG Intime India Private Limited
Bankers: The Kalupur Commercial Co-op Bank
Scrutinizer for E-voting: Mr. Himanshu Surendrakumar Gupta of M/s. Himanshu S K Gupta & Associates

Business Operations: The company did not conduct any business operations during FY 2025-26 and is engaged in trading of textile items and various commodities.
Dividend: No dividend recommended for FY 2025-26 due to losses incurred.
Capital Reduction Scheme: Pursuant to Order dated June 04, 2026 passed by NCLT Ahmedabad Bench, a meeting of equity shareholders was convened on July 27, 2026 to consider and approve Scheme of Arrangement for Reduction of Share Capital. The requisite approval was not obtained.
Going Concern Uncertainty: Auditors highlighted material uncertainty regarding company's ability to continue as going concern due to negative net worth, recurring losses, and inadequate cash flows.
Property Dispute: There is a dispute relating to title of immovable property pending before Hon'ble City Civil Court, Ahmedabad. The property was written off in earlier financial year with carrying amount now at Nil.
Related Party Transactions: Total remuneration to KMP of ₹9.60 lakh; Borrowings from related parties of ₹39.10 lakh as at March 31, 2026.

Statutory Auditors made two key observations:

1. Material uncertainty exists regarding company's capability to meet its liabilities as they fall due within one year from balance sheet date.

2. Dispute relating to title of immovable property pending before Hon'ble City Civil Court, Ahmedabad.

Secretarial Audit Report confirms compliance with applicable laws and does not contain any qualifications.

Company is exempt from corporate governance provisions under Regulation 15(2) of Listing Regulations due to size criteria.
Board committees include Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.
Company has adopted Code of Conduct, Whistle Blower Policy, and Risk Management Policy.

Employee Strength: 2 permanent employees as on March 31, 2026
Foreign Exchange: No foreign exchange earnings or outgo during the year
CSR: Provisions of Section 135 of Companies Act, 2013 not applicable to the company
Deposits: Company has not accepted any deposits within meaning of Chapter V of Companies Act, 2013