Om Power Transmission Limited has informed the Exchange regarding Change in Auditors of the company.
OMPOWER · price
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Om Power Transmission Limited held a Board meeting on May 19, 2026 and approved the audited standalone financial results for Q4 and FY ended March 2026, with an unmodified opinion from statutory auditors M/s O.M.M.S & Associates. The Board also appointed Mr. Fenil Patel as Chief Operating Officer effective May 20, 2026. Fenil Patel holds a degree in Electrical Engineering from Arizona State University and previously worked at Amazon as a Software Development Engineer. He is the son of Mr. Kanubhai Patel, the Promoter and Managing Director of the company, making him part of the Promoter Group. Internal auditors M/s Sweta Patel & Associates were re-appointed for FY 2026-27. Note: Despite the headline mentioning 'Change in Auditors', the filing does not disclose any such change - both statutory and internal auditors remain the same.
The appointment of a promoter family member as COO signals potential insider involvement in day-to-day operations. Financial results appear clean with an unqualified audit opinion. Investors should note the governance implication of placing a family member in a key operational role.