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Omaxe News

Income Tax department

16 Mar 2022

IT Dept continues searches at Omaxe for 3rd straight day, Rs 20 cr recovered

The department has recovered Rs 20 crore in raids that started at 7 am on March 14. Rs 12 crore were recovered from the builder's office in Kalkaji. The Income Tax Department has also frozen several accounts and seized ledger accounts belonging to the realty group.

15 Mar 2022

I-T dept searches Omaxe group premises in NCR, others

At least 30 locations in Delhi-NCR and few others in Uttar Pradesh and Punjab are being covered where the tax department officers are looking at company documents and financial transactions primarily related to their real estate business, they said.

06 Aug 2015

Omaxe Q1 net profit rises 40% to Rs 16.83 crore

The company had posted a net profit of Rs 12.03 crore in the year-ago period, Omaxe said in BSE filing.

15 May 2015

Omaxe leases 2 lakh sq ft of retail space to Chinese firms

Realty firm Omaxe on Friday said it has leased 2 lakh sq ft of retail space to Chinese companies in its commercial project at Greater Noida.

01 Feb 2015

Omaxe's gross debt rises by 5 pc to Rs 1,147 cr during Dec qtr

On operational performance, Omaxe said that sale bookings fell by 42 percent to 1.18 million sq ft during October- December as against 2.05 million sq ft in the year-ago period.

29 Jan 2015

Omaxe Q3 net profit down 14% at Rs 13.92 crore

Realty firm Omaxe on Thursday reported 14 per cent decline in its consolidated net profit at Rs 13.92 crore for the quarter ended December 2014 on lower sales.

02 Dec 2014

Omaxe plans to raise up to Rs 500 cr via debt securities

The board also constituted a committee and delegated the powers for further actions in this regard, the filing added.

25 Nov 2014

Omaxe plans to raise Rs 100 cr via debt securities

He said the company would utilise the fund on construction activities of existing projects.

29 Jun 2014

Omaxe plans to raise Rs 300 cr

The funds would be raised by diluting promoters' stake by 8-10 percent depending on the market conditions.

24 Jun 2014

Omaxe's gross debt reduced by 42% in 5 years

In the last 5 years, the company has seen its debt-equity ratio coming down by close to 60 percent from 1.15 in FY'10 to 0.48 in FY'14.

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