{"url_path":"/sec/omse/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/2012219/0001193125-26-282941-index.html","accession_number":"0001193125-26-282941","cik":"0002012219","ticker":"OMSE","issuer_name":"OMS Energy Technologies Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2012219/0001193125-26-282941-index.html","primary_entity_key":"0002012219","primary_entity_name":"OMS Energy Technologies Inc."},"word_count":1088,"has_tables":true,"body_markdown":"ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS\n\n7.A. Major Shareholders\n\nPlease refer to “Item 6. Directors, Senior Management and Employees — 6.E. Share Ownership.”\n\n7.B. Related Party Transactions\n\nTerms of Directors and Officers\n\nSee “Item 6. Directors, Senior Management and Employees—6.C. Board Practices—Terms of Directors and Officers.”\n\nEmployment Agreements and Indemnification Agreements\n\nSee “Item 6. Directors, Senior Management and Employees—6.B. Compensation—Employment Agreements and Indemnification Agreements.”\n\nOther Related Party Transactions\n\nWe have adopted an audit committee charter, which requires the committee to review all related-party transactions on an ongoing basis and all such transactions be approved by the committee. In addition to the executive officer and director compensation arrangements discussed in “Executive Compensation,” we describe below transactions since April 1, 2022, to which we have been a participant, in which the amount involved in the transaction is material to our Company and in which any of the following is a party: (a) enterprises that directly or indirectly through one or more intermediaries, control or are controlled by, or are under common control with, our Company; (b) associates; (c) individuals owning, directly or indirectly, an interest in the voting power of our Company that gives them significant influence over our Company, and close members of any such individual’s family; (d) key management personnel, that is, those persons having authority and responsibility for planning, directing and controlling the activities of our Company, including directors and senior management of companies and close members of such individuals’ families; and (e) enterprises in which a substantial interest in the voting power is owned, directly or indirectly, by any person described in (c) or (d) or over which such a person is able to exercise significant influence.\n\na)\nRelated parties’ relationship\n\nThe Company’s relationship with related parties who had transactions with the Predecessor and the Successor are summarized as follows:\n\n \n\nRelated Party Name\n\n \n\nRelationship to the Predecessor\n\nHowco Metals Management Pte. Ltd.\n\n \n\nControlled by ultimate controlling party*\n\nSC Tubular Solutions (B) Sdn. Bhd.\n\n \n\nControlled by ultimate controlling party*\n\nSC Tubular Solutions Malaysia Sdn. Bhd.\n\n \n\nControlled by ultimate controlling party*\n\nSumitomo Corporation\n\n \n\nUltimate controlling party of the Predecessor*\n\nSumitomo Corporation Asia & Oceania Pte. Ltd.\n\n \n\nControlled by ultimate controlling party*\n\nSumitomo Corporation Capital Asia Pte. Ltd.\n\n \n\nControlled by ultimate controlling party*\n\nSumitomo Corporation Malaysia Sdn. Bhd.\n\n \n\nControlled by ultimate controlling party*\n\nOMS Energy Technologies Pte. Ltd.\n\n \n\nControlled by ultimate controlling individual, Mr. How, the CEO of the Successor\n\n____________\n\n* These parties ceased to be the Successor’s related parties with effect from June 16, 2023, subsequent to OMS Energy Technologies Pte. Ltd. (“OMSET PL”) acquiring 100% shares in OMS Holdings Pte. Ltd. from Sumitomo Corporation, the former shareholder.\n\nb)\nRelated party transactions\n\nDuring the period from June 16, 2023 through March 31, 2024 and for the years ended March 31, 2025 and March 31, 2026, the Successor had no related party transactions.\n\n \n\n83\n\n[Table of Contents](#toc_page)\n\n \n\nGoods or services rendered to related parties\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nPredecessor\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2026\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2025\n\n \n\n \n\nFor the period\nJune 16, 2023\nthrough\nMarch 31,\n2024\n\n \n\n \n\nFor the period\nApril 1\nthrough\nJune 15,\n2023\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nSC Tubular Solutions (B) Sdn. Bhd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n560\n\n \n\nSumitomo Corporation Asia & Oceania Pte. Ltd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n395\n\n \n\nSC Tubular Solutions Malaysia Sdn. Bhd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n260\n\n \n\nRevenue – related parties\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n1,215\n\n \n\nAll outstanding balances with the related parties are to be settled in cash on 30 days to 60 days’ terms.\n\nGoods or services provided by related parties\n\n \n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nPredecessor\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2026\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2025\n\n \n\n \n\nFor the period\nJune 16, 2023\nthrough\nMarch 31,\n2024\n\n \n\n \n\nFor the period\nApril 1\nthrough\nJune 15,\n2023\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nHowco Metals Management Pte. Ltd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n23\n\n \n\nSC Tubular Solutions Malaysia Sdn. Bhd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n49\n\n \n\nSumitomo Corporation\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n3\n\n \n\nCost of revenue – related parties\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n75\n\n \n\nAll outstanding balances with the related parties are to be settled in cash on 30 days to 60 days’ terms.\n\nOther income/(expenses)\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nPredecessor\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2026\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2025\n\n \n\n \n\nFor the period\nJune 16, 2023\nthrough\nMarch 31,\n2024\n\n \n\n \n\nFor the period\nApril 1\nthrough\nJune 15,\n2023\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nHowco Metals Management Pte. Ltd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n38\n\n \n\nSumitomo Corporation\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n(9\n\n)\n\nOther income, net – related parties\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n29\n\n \n\nFinance income\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nPredecessor\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2026\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2025\n\n \n\n \n\nFor the period\nJune 16, 2023\nthrough\nMarch 31,\n2024\n\n \n\n \n\nFor the period\nApril 1\nthrough\nJune 15,\n2023\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nSumitomo Corporation Capital Asia Pte. Ltd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n64\n\n \n\nSumitomo Corporation Malaysia Sdn. Bhd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n1\n\n \n\nOMS Energy Technologies Pte. Ltd.\n\n \n\n \n\n93\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\nFinance income – related parties\n\n \n\n \n\n93\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n65\n\n \n\n \n\n \n\n84\n\n[Table of Contents](#toc_page)\n\n \n\nFinance cost\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nPredecessor\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2026\n\n \n\n \n\nFor the\nyear ended\nMarch 31,\n2025\n\n \n\n \n\nFor the period\nJune 16, 2023\nthrough\nMarch 31,\n2024\n\n \n\n \n\nFor the period\nApril 1\nthrough\nJune 15,\n2023\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nSumitomo Corporation Capital Asia Pte. Ltd.\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n162\n\n \n\nFinance cost – related parties\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n162\n\n \n\nc)\nRelated party balances\n\nAs of March 31, 2025 and March 31, 2026, the Successor only had an amount due from OMS Energy Technologies Pte. Ltd. as a related party balance.\n\nAmount due from a related party\n\n \n\n \n\nSuccessor\n\n \n\n \n\nSuccessor\n\n \n\n \n\nAs of\nMarch 31,\n2026\n\n \n\n \n\nAs of\nMarch 31,\n2025\n\n \n\n \n\nUS$’000\n\n \n\n \n\nUS$’000\n\n \n\nOMS Energy Technologies Pte. Ltd.\n\n \n\n \n\n1,984\n\n \n\n \n\n \n\n1,584\n\n \n\n \n\n \n\n1,984\n\n \n\n \n\n \n\n1,584\n\n \n\nDuring the year ended March 31, 2026, the Successor entered into a loan agreement with OMS Energy Technologies Pte. Ltd. (the \"Loan Agreement\"). The Loan Agreement is unsecured, bears interest at 1.7% per annum payable in arrears, and is fully repayable on March 31, 2027.\n\n \n\nPrior to the execution of the Loan Agreement, the balance outstanding with OMS Energy Technologies Pte. Ltd. was non-interest bearing and was presented in the prior year consolidated balance sheet as \"Amount due from a related party.\" Following the formalisation of the Loan Agreement in the current year, the balance is presented as \"Loan due from a related party\" as at March 31, 2026. This change in presentation has no impact on the amounts previously reported.\n\n \n\n \n\n85\n\n[Table of Contents](#toc_page)"}