Omega Interactive Technologies Ltd Management Discussions

The Directors of Omega Interactive Technologies Limited are pleased to present the Management Discussion & Analysis ("MD & A") Report for the Year Ended 31st March, 2023.

The Company is principally engaged in the business of software activities including development and consulting of software.

As cost arbitrage no longer remains a competitive advantage, the Indian IT industry is witnessing a paradigm shift in the way services are being delivered. In a move to counter the effects of regulations in key markets and the widespread adoption of automation, majority of the IT players in India are being forced to rethink their talent model. With a slowdown in demand for traditional outsourcing services, it is imperative for companies to build newer capabilities in emerging technologies such as Cloud, AI, SMAC. However, as companies intend to move up the digital value chain, ensuring robust cyber security frameworks while embracing the changes brought in by digital disruptions will be a key factor in realizing the industrys future potential. Your company is planning to find a way to tackle all the hindrances and sustain in the vibrant and competitive market conditions.

The company is engaged in single segment. All the activities of the Company are related to its main business. As such there are no separate reportable segments.

To make the company operational, the board is making its best effort to implement the cost reduction measures to the extent feasible. Several cost cutting measures have already been undertaken by the Company. The management is hopeful of achieving better results in the next few years.

The companys future development would depend upon the operational activities to be undertaken by the Company.

The company is following a proper and adequate system of internal control in respect of all its activities. Further, all transactions entered into by the Company are fully authorized, recorded and reported correctly.

During the year under review, the Company has earned profit after tax of Rs. 5,69,550/- as against profit after tax of Rs. 94,060/- during the previous year.

The relationship with the staff with all levels remained cordial during the year.

Statement in the Management Discussion and Analysis describing the Companys objectives, expectations, estimates or predictions may be forward looking within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed in the statement due to external factors. The company assumes no responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events.

There is no Significant change in the net worth of the company during the year under review.