The announcement was made after market hours yesterday, 27 June 2017.

Meanwhile, the S&P BSE Sensex was down 34.58 points or 0.11% at 30,923.67. The S&P Small-Cap index was up 16.67 points or 0.11% at 15,157.75.

On BSE, so far 1,055 shares were traded in the counter as against average daily volume of 7,582 shares in the past one quarter. The stock had hit a high of Rs 72.50 and a low of Rs 71.75 so far during the day. The stock had hit a 52-week high of Rs 103.40 on 21 October 2016. The stock had hit a 52-week low of Rs 65.05 on 3 August 2016.

The stock had underperformed the market over the past one month till 27 June 2017, falling 6.53% compared with 0.23% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 4.51% as against Sensex's 5.89% rise. The scrip had also underperformed the market in past one year, sliding 2.54% as against Sensex's 17.25% rise.

The small-cap company has equity capital of Rs 21.39 crore. Face value per share is Rs 10.

Omax Autos said that the company has closed manufacturing activities in its unit named Automax situated at Delhi-Jaipur Highway, Gurgaon, Haryana, with effect from closing hours of 24 June 2017.

Omax Autos reported net loss of Rs 0.59 crore in Q4 March 2017 as compared with net profit of Rs 4.60 crore in Q4 March 2016. Net sales fell 0.85% to Rs 258.61 crore in Q4 March 2017 over Q4 March 2016.

Omax Autos is one of the leading manufacturers of auto and non-auto components in India. The company specializes in sheet metal components, tubular components and machined components.

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Omax Autos announced that it has closed manufacturing activities in its unit named 'Automax (A unit of Omax Autos Limited)' situated at Delhi-Jaipur Highway, Village & P.O. Binola, Gurgaon, Haryana, w.e.f. closing hours of 24 June 2017.

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Omax Auto announced that based on the performance of the Company (Railways Division) during September 2016 to February 2017, the Railway Board (Ministry of Railways) has increased its ordered quantity of coaches for fitment of Bio-digester tanks. The value of the increased order, net off earlier business awarded is Rs 60 crore.

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Net loss of Omax Autos reported to Rs 0.59 crore in the quarter ended March 2017 as against net profit of Rs 4.61 crore during the previous quarter ended March 2016. Sales declined 0.85% to Rs 258.61 crore in the quarter ended March 2017 as against Rs 260.84 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1.63 crore in the year ended March 2017 as against net profit of Rs 7.91 crore during the previous year ended March 2016. Sales rose 1.49% to Rs 1042.22 crore in the year ended March 2017 as against Rs 1026.87 crore during the previous year ended March 2016.

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