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 received an order dated May 16, 2026 from the MSME Commissionerate, Gandhinagar, disposing of a complaint the company had filed against Chromeni Steels Private Limited under Section 18 of the MSMED Act, 2006. The complaint concerned delayed payments totaling Rs. 181.17 lakhs, comprising a principal of Rs. 104.92 lakhs and interest of Rs. 76.25 lakhs. The MSEFC Council's 339th hearing on April 22, 2026 had dismissed the case for default, meaning the company's original complaint claim was rejected. The order was delivered via post on May 26, 2026. The company states the financial impact is limited to whatever it can recover from Chromeni Steels and that it will not affect operations. The company is evaluating further legal remedies.
The dismissal of the company's MSME complaint means it did not obtain a favorable ruling to recover Rs. 181.17 lakhs from Chromeni Steels through this channel. Shareholders should note this is a lost dispute rather than a regulatory penalty, and the company is considering further legal action.