Omaxe Ltd. News and Updates

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Omaxe Ltd.

12 Nov 2021

75.42

1.15%

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Omaxe Ltd.

12 Nov 2021

75.42

1.15%

Omaxe posts Rs 39 cr loss in Sep quarter; revenue up at Rs 191 cr

Business Standard

Realty firm Omaxe on Friday reported a consolidated net loss of Rs 39.05 crore for the second quarter ended September 30. The company had reported a net loss of Rs 76.13 crore in the year-ago period. The total income, however, rose to Rs 191.34 crore in the second quarter of this fiscal from Rs 163.47 crore a year ago, according to a regulatory filing. Delhi-based Omaxe had posted a net loss of Rs 235.18 crore over a turnover of Rs 514.59 crore for the entire 2020-21 financial year.

Omaxe Ltd. has lost -25.48% in the last 3 Months

Omaxe Ltd.

30 Oct 2021

75.42

1.15%

Omaxe elevates Mohit Goel to post of MD

livemint

Omaxe board of directors approved the re-designation of founder Rohtas Goel as chairman and whole time director of the company with immediate effect

Omaxe Ltd. has lost -25.48% in the last 3 Months

Omaxe Ltd.

28 Sep 2021

75.42

1.15%

Signs of a thaw as Omaxe appoints Sunil Goel as additional director

Moneycontrol

Sunil was removed from the board of directors on September 27, 2017. He challenged the decision in NCLT, where he also filed a petition alleging financial irregularities by his older brother and chairman Rohtas Goel

Omaxe Ltd. is trading below all available SMAs

Omaxe Ltd.

02 Jul 2021

75.42

1.15%

Omaxe sells commercial, housing properties worth Rs 2,051 cr last fiscal

Business Standard

Realty firm Omaxe has sold properties worth Rs 2,051 crore in 2020-21, up 18 per cent from the previous fiscal, mainly on the back of better demand for its commercial projects in the national capital and Chandigarh. Omaxe is developing a multi-level parking cum commercial project Omaxe Chowk at Chandni Chowk in the national capital. "Our sales bookings in value terms increased to Rs 2,051 crore during the last fiscal from Rs 1,738.75 core in 2019-20 financial year," Omaxe Ltd Vice President (Business Development & Corporate Strategy) Rajan Gupta told PTI. Out of the total sales bookings, about 70 per cent contribution came from commercial projects in Delhi and new Chandigarh. The remaining sales came from housing projects at Ludhiana, Lucknow and New Chandigarh, he said. In volume terms, however, sales fell to 2.73 million sq ft from 4.99 million sq ft. Omaxe delivered only 2.71 million sq ft across various projects in FY21 as against 6.51 million sq ft in the previous fiscal...

Omaxe Ltd. has lost -25.48% in the last 3 Months

Omaxe Ltd.

30 Jun 2021

75.42

1.15%

Omaxe posts Q4 profit at Rs 1.11 crore; income falls 46% at Rs 192 crore

Moneycontrol

For the full 2020-21 financial year, Omaxe has clocked a net loss of Rs 233.93 crore as against a net loss of Rs 97.33 crore in the previous year.

Omaxe Ltd. has lost -30.97% in the last 6 Months

Omaxe Ltd.

21 Jan 2021

75.42

1.15%

NCLT agrees to hear plea alleging mismanagement in real estate firm Omaxe

Business Standard

The National Company Law Tribunal (NCLT) has agreed to hear a petition filed against Omaxe Ltd alleging oppression and mismanagement in the affairs of the Delhi-based real estate firm. Terming the matter as "exceptional" and having "compelling circumstances" against the realty firm, a two-member Chandigarh-based NCLT bench has granted the waiver in the filing criteria under Section 244 of the Companies Act, over the plea filed by the Omaxe former joint managing director Sunil Goel and his wife. The tribunal observed that the applicants including Sunil Goel are the shareholders, promoters and were directors of Omaxe Ltd and also have considerable shareholding and interest in its holding company Guild Builders. Moreover, none of the members of Omaxe is eligible to file an application under Section 241 of the Companies Act, 2013 against the company over the allegations of oppression against minority shareholders. While granting the waiver, NCLT observed that individually, the petition

Omaxe Ltd. is trading below all available SMAs

NCLT agrees to admit petition filed against real estate major Omaxe Ltd

Moneycontrol | 20 Jan 2021

Omaxe Ltd.

19 Jan 2021

75.42

1.15%

NCLT allows former Omaxe promoter's petition against forced eviction from board

Business Today

Sunil Goel has alleged that though he was a part of the executive committee, he was not allowed to attend the company's Annual General Meeting wherein resolution to raise Rs 250 crore loan was approved