Omnitex Industries (India) Limited

Board Meeting Details

The Board meeting commenced at 3:30 PM and concluded at 4:15 PM on August 10, 2026. The Board considered and approved the un-audited financial results along with the limited review report from statutory auditors for the quarter ended June 30, 2026.

Financial Results for Quarter Ended June 30, 2026

Income Statement:

  • Revenue from Operations: ₹379.41 lakhs
  • Other Income: ₹3.36 lakhs
  • Total Income: ₹3.36 lakhs (after adjustment)

Expenses:

  • Purchase of Stock-in-Trade: ₹378.98 lakhs
  • Employee Benefits Expense: ₹10.09 lakhs (includes ₹5.00 lakhs paid to Managing Director Shyam B. Bagrodia, subject to shareholder approval)
  • Depreciation and Amortization: ₹0.06 lakhs
  • Other Expenses: ₹12.97 lakhs (includes Legal & Professional Charges of ₹8.93 lakhs)
  • Total Expenses: ₹23.12 lakhs

Profit/Loss:

  • Loss before exceptional items and tax: ₹(19.76) lakhs
  • Loss before tax: ₹(19.76) lakhs
  • Tax Expense: ₹5.06 lakhs (Deferred Tax)
  • Net Loss for the quarter: ₹(14.70) lakhs
  • Total Comprehensive Loss: ₹(14.70) lakhs

Earnings Per Share:

  • Basic EPS: ₹(0.35)
  • Diluted EPS: ₹(0.35)

Comparative Figures

June 30, 2025 (Unaudited):

  • Revenue from Operations: ₹26.54 lakhs
  • Total Income: ₹26.14 lakhs
  • Net Profit: ₹171.52 lakhs
  • Basic EPS: ₹4.08

March 31, 2026 (Audited):

  • Revenue from Operations: ₹421.83 lakhs
  • Total Income: ₹420.81 lakhs
  • Net Profit: ₹145.11 lakhs
  • Basic EPS: ₹3.45

Key Notes from Financial Statements

1. The financial results were subjected to limited review by statutory auditors JMT & Associates and were reviewed by the Audit Committee before board approval.

2. The company has only one business segment: Trading (Fabrics/Yarn/Metals).

3. Investment Activity: The company acquired 39,00,781 Compulsory Convertible Preference Shares of face value ₹10 each at a cost of ₹17,000.00 lakhs in Blue Energy Motors Limited. Additionally, acquired 1 equity share of face value ₹10 at a cost of ₹436. Management considers this cost as the best estimate of fair value as of June 30, 2026.

4. The company does not have any subsidiary/associate/joint venture companies as of June 30, 2026.

5. Figures for the quarter ended March 31, 2026 are balancing figures between audited annual figures and previously published unaudited figures.

Limited Review Report

JMT & Associates, Chartered Accountants (FRN: 104167W) issued a limited review report stating that nothing came to their attention that causes them to believe the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.