Intimation of re-appointment of M/s. Sweta Patel & Associates, Chartered Accountants, as Internal Auditors of the Company for the FY 2026-27
OMPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Om Power Transmission Ltd's Board of Directors, in its meeting on May 19, 2026, approved three key items. First, the audited standalone financial results for Q4 and FY ended March 2026 were approved, with an unmodified opinion from statutory auditors M/s O.M.M.S & Associates. Second, Mr. Fenil Patel was appointed as Chief Operating Officer effective May 20, 2026 - he holds an Electrical Engineering degree from Arizona State University and previously worked at Amazon as a Software Development Engineer. Third, M/s. Sweta Patel & Associates was re-appointed as Internal Auditors for FY 2026-27. Notably, Mr. Fenil Patel is the son of Mr. Kanubhai Patel, the company's Promoter and Managing Director, and is part of the Promoter Group.
The appointment of a family member of the promoter/Managing Director to a senior management role (COO) represents a significant governance development. This re-appointment of the internal auditor indicates continuity in the company's internal audit function. The clean audit opinion on FY2026 financial results provides positive assurance to shareholders.