Omkar Speciality Chemicals Announces Financial Results for March 2025 and June 2024
Omkar Speciality Chemicals Limited has published its unaudited financial results for the quarter and year ended March 31, 2025, alongside comprehensive data spanning multiple periods. The company's performance is contextualized against its ongoing involvement in a resolution plan process.The financial reports were prepared following deliberations of the Board of Directors, which met on August 7, 2026. Management confirmed that despite incurring losses during the review period and maintaining negative net worth, the results have been compiled on a going concern basis, considering the implementation of the approved Resolution Plan and the expectation of operational revival.
Key financial details for the periods reviewed are presented below:
Financial Performance Summary (In Lakhs)
The company's performance demonstrates sustained losses across multiple quarters. The latest comprehensive data points from March 31, 2025, show a negative total comprehensive income and significant other equity loss.| Metric | Quarter Ended 31-03-2025 | Year Ended 31-03-2025 |
|---|---|---|
| Total Income (1+2) | 7.55 | 15.19 |
| Total Expenses (a to f) | 152.80 | 212.41 |
| Profit/Loss before tax* | -130.37 | -130.37 |
| Total Comprehensive Income (Q & Y) | -130.37 | -197.22 |
\*Note: Figures are presented exactly as provided in the source material.
Balance Sheet Status (As at March 31, 2025)
The balance sheet summary reveals the company's asset and liability structure. Total Assets stood at 4,803.77 lakh. Equity shares capital remained constant at 2,057.80 lakh, while Other equity reported a significant negative value of -37,708.26 lakh.| Particulars | Amount (In Lakhs) |
|---|---|
| ASSETS | |
| Property, Plant and Equipment | 1,995.81 |
| Investments | 7.04 |
| Loans | 16.45 |
| Deferred tax assets (net) | 612.53 |
| Other non-current assets | 721.15 |
| LIABILITIES & EQUITY | |
| Equity Share capital | 2,057.80 |
| Other equity | -37,708.26 |
| Borrowings | 38,235.31 |
| Trade payables | 1,041.47 |
Financial Highlights for Quarter Ended June 30, 2024 (In Lakhs)
| Particulars | Quarter Ended 30-06-2024 |
|---|---|
| Total Income | 3.10 |
| Total Expenses | 68.16 |
| Profit/Loss before tax | -61.78 |
Company Status and Context
The company's financial reporting materials note that the Board of Directors approved these unaudited results at its meeting held on August 7, 2026. The filings confirm that Omkar Speciality Chemicals Limited was previously admitted to Corporate Insolvency Resolution Process (CIRP) by NCLT Mumbai on December 5, 2022. A resolution plan, submitted by Kshitij Polyline Limited, received approval from the Committee of Creditors (CoC) and later the Hon'ble NCLT on July 31, 2025. Following this plan approval, management transitioned to a new Board of Directors, which was appointed effective January 1, 2026.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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