Omnipotent Industries Ltd — Results, 17-05-2025: Integrated Filing

Omnipotent Industries Ltd. has announced a board meeting on which it adopted the financial results for the quarter and half-year, and the statutory auditors issued an unmodified audit opinion. Independent Director Vikas Jain resigned due to other professional commitments, and Mr. Navneet Khare and Mr. Manoj Batham were appointed as additional non-executive independent directors, subject to member approval. The company approved shifting its registered office within Mumbai. The financial results show a net loss of ₹424.60 lakh for the year, impacted by losses on the sale of fixed assets and inventory write-offs. The company faces material uncertainties due to significant reduction in operations, ongoing GST disputes with ₹132 lakh paid as disputed tax, and long outstanding receivables and advances. Promoters diluted their holdings via open market sales during the year, raising governance considerations.