Om Power Transmission Limited has informed the Exchange about Action(s) taken or orders passed
OMPOWER · price
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Om Power Transmission Limited received an order dated May 27, 2026 from the Office of the Deputy Commissioner, State Tax, Ahmedabad. The order directs reversal of Input Tax Credit (ITC) amounting to Rs. 11,60,838 (approximately ₹11.6 lakh) due to alleged incorrect availment of ITC for Financial Year 2015-16 under the Gujarat Value Added Tax Act, 2003. The company received the order on May 30, 2026. Management states the financial impact is limited to this ITC reversal amount and that the order does not have any material impact on the company's operations or other activities.
The financial impact is relatively small at ₹11.6 lakh and the company has clarified there is no material impact on operations. However, it represents a tax compliance issue that investors should monitor, particularly if the company decides to appeal or if similar issues arise for other periods.