ALPHA TRIBE

Omega Interactive Technologies LtdImportant, 14-08-2026: Company Update

14-08-2026 | 07:04 pm

Omega Interactive Technologies' Monitoring Agency reported no deviation in the utilization of its INR 95.22 Cr Right Issue proceeds. The company has deployed funds towards working capital (INR 19.18 Cr), film production expenses (INR 15.13 Cr), and general corporate purposes (INR 10.00 Cr). Notably, INR 24.42 Cr has been used for movie studio land acquisition, including a recent INR 10.92 Cr tranche. The company anticipates commencing movie studio operations by September 2027, with full land acquisition planned for INR 40 Cr. A balance of INR 3.38 Cr from the issue remains unutilized, ensuring transparent deployment of raised capital.

No comments yet. Be the first to comment!

All announcements from Omega Interactive Technologies Ltd