Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OMPOWER · price
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Om Power Transmission Ltd has received a tax order dated May 27, 2026 from the Office of Deputy Commissioner, State Tax, Ahmedabad. The authority has directed the company to reverse Input Tax Credit (ITC) amounting to Rs. 11,60,838 (approximately Rs. 11.6 lakhs). This relates to Financial Year 2015-16 and alleged incorrect availment of ITC under the Gujarat Value Added Tax Act, 2003. The company received this order on May 30, 2026. The order does not have any material impact on the operations or other activities of the company, with the financial implication limited to the ITC reversal amount.
The financial impact is relatively small at Rs. 11.6 lakhs and the company has stated there is no material impact on operations. This is a state tax compliance matter from FY 2015-16 and may be subject to appeal. The disclosure is routine regulatory compliance and not expected to materially affect the stock.