Omaxe Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Omaxe has announced a board meeting on May 28, 2025, approving the financial results for the quarter and half-year. Consolidated revenue held steady at ₹1,637 Cr, while net loss widened to ₹685 Cr, impacted by a ₹28.55 Cr impairment on 60 acres of township land in Patiala. The company added two new subsidiaries and is selling its wholly owned subsidiary Landlord Developers Pvt Ltd. Ongoing legal issues on revenue share and tax demands continue, but management remains optimistic about resolving them.