Omkar Overseas Board Approves Share Capital Reduction from ₹4.89 Crore to ₹24 Lakh; Scheme Pending Regulatory Filings

Omkar Overseas Ltd.’s Board of Directors approved a Scheme of Arrangement to reduce its share capital from ₹4.89 crore (divided into 48.98 lakh equity shares of ₹10 each) to ₹24 lakh, as disclosed in its 28th Annual Report (FY 2023–24). The reduction, part of a broader capital reorganization, awaits submission to stock exchanges and the National Company Law Tribunal (NCLT). Concurrently, the Board greenlit a preferential issue of fresh equity shares to raise funds under the same scheme.

 

The company’s March 19, 2025, Board Meeting agenda includes formalizing these steps. Omkar Overseas reported negative financial metrics, with a PE ratio of -20.70 and an EPS of -₹0.30, reflecting ongoing challenges. Regulatory filings confirm the capital reduction aligns with SEBI norms, though the plan remains subject to approvals.

 

Source: BSE, NSE, Company Filings