Omara Ventures India Limited's ROC filings were delayed 1,275 days

Omara Ventures India Limited disclosed 20 delayed Registrar of Companies, or ROC, filings, including an AOC-4 correction filed 1,275 days after its stated due date. Omara also listed 46 entries concerning Employees’ State Insurance, tax deducted at source and tax collected at source compliance, while stating that filings were completed and no penalty had been imposed.

How extensive were Omara’s delayed ROC filings?

Omara reported 20 delayed filings with the ROC under the Companies Act, 2013, with due dates ranging from 29 November 2021 to 23 May 2026. The longest reported delay was 1,275 days for an AOC-4 form relating to a 30 September 2022 event, due on 29 October 2022 and filed on 26 April 2026. Omara gave the reason as a revised filing with correction.

The three delayed AOC-4 filings were submitted in April 2026, although their due dates were 29 October in 2022, 2023 and 2024. The reported delays reduced from 1,275 days to 911 days and then 545 days across those three events. Omara said its ROC records included some forms containing inadvertently incorrect information, while the stated reason for each AOC-4 entry was a revised filing with correction.

Annual-return form MGT-7A accounted for four of the 20 delayed ROC filings. The MGT-7A form due on 29 November 2021 was filed on 24 May 2025, a 1,264-day delay; the forms due in 2022, 2023 and 2024 were delayed by 900, 536 and 169 days, respectively. The largest stated delays therefore concerned earlier corporate-reporting periods, although the list also includes an MGT-14 form filed six days after its 23 May 2026 due date.

What TDS, TCS and ESI compliance entries did Omara disclose?

Omara listed 46 statutory-compliance entries involving Employees’ State Insurance, or ESI, tax deducted at source, or TDS, and tax collected at source, or TCS. The table covers ESI contribution challans from October 2023 to January 2026, TDS entries from April 2023 to March 2026, and one TCS entry for October to December 2025. Omara attributed every listed entry to inadvertence.

ESI accounted for 10 of the 46 listed rows, including the October 2023 contribution challan filed on 21 November 2023 against a 15 November 2023 due date. The ESI entries are distinct from the long-dated ROC corrections because their filing and due dates are close together. However, three listed ESI entries, for July 2025, August 2025 and January 2026, show filing dates of 15 August 2025, 15 September 2025 and 15 February 2026, respectively, before the stated due dates of 16 August 2025, 16 September 2025 and 17 February 2026.

TDS made up 35 listed rows, comprising 12 salary-related entries under section 192 and 23 non-salary entries under sections including 194A, 194C, 194I, 194J and 194Q. The non-salary list includes July 2023 TDS under section 194C, filed on 31 October 2023 rather than the stated 7 August 2023 due date, and October 2025 TDS under sections 194J and 194Q, filed on 31 December 2025 against a 7 November 2025 due date. The sole TCS row cites section 206CR for October to December 2025 and records a 16 January 2025 filing date and 15 January 2025 due date.

What was Omara’s reported financial and regulatory outcome?

Omara said all delayed forms had been duly filed, additional fees had been paid for certain delayed filings, and no penalty had been imposed. For TDS, TCS and ESI matters, Omara said it had paid applicable interest on delayed deposits and that no statutory dues from those matters were outstanding as of the draft red herring prospectus date. It also said no action had been initiated against the company in relation to the delayed statutory compliance.

The absence of a disclosed penalty does not remove the future exposure identified by Omara. The company warned that authorities could impose monetary penalties or take punitive action against Omara, its directors or officers in relation to the ROC or statutory-compliance matters. Omara said any penalty in relation to those matters would be met from internal accruals and would not be funded using initial public offering proceeds.

Omara separately disclosed no delayed goods and services tax, or GST, payments or GST-return filings during the relevant period. It also stated that it had no contingent liabilities for the financial years ended 31 March 2024, 31 March 2025 and 31 March 2026. Those statements distinguish the reported ROC, TDS, TCS and ESI matters from GST compliance and from liabilities classified as contingent at those three year-ends.

What has Omara changed to prevent further compliance delays?

Omara said it strengthened its corporate-compliance framework by engaging a full-time qualified company secretary, implementing monitoring systems with due-date alerts, conducting periodic internal reviews and standardising filing processes. These measures address the stated causes of the 20 ROC delays, which were described as either revised filings with corrections or inadvertent instances.

For tax and other statutory dues, Omara said it engaged a full-time qualified chief financial officer, or CFO, together with due-date alerts, periodic internal reviews and standardised filing processes. The different staffing disclosures correspond to two compliance areas: the ROC matter concerns corporate records and forms, while the 46 listed entries concern deposits and returns for ESI, TDS and TCS.

The disclosed record does not establish the effectiveness of the new measures because several filings occurred during 2026. The 360-day MGT-14 delay was filed on 27 April 2026, while the MGT-14 due on 23 May 2026 was filed six days late on 29 May 2026. Timely filing after those dates would be needed for the stated controls to produce a different reported compliance outcome.

Conclusion

Omara’s disclosure describes a pre-issue compliance record involving both corporate and statutory matters: 20 ROC forms were delayed and 46 ESI, TDS and TCS entries were listed. The principal quantified instance was the 1,275-day AOC-4 delay, while Omara reported completed filings, additional fees or interest where applicable, and changes to its compliance administration.

The next point to watch is whether Omara’s full-time company secretary, full-time CFO, due-date alerts and internal reviews prevent further late filings after May 2026. Omara expressly says it cannot assure that non-compliance will not recur, and any future penalty or punitive action on these matters would be funded from internal accruals rather than initial public offering proceeds.