Om Power Transmission Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
OMPOWER · price
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Om Power Transmission Limited has approved and filed its audited standalone financial results for Q4 and the full year ended March 31, 2026. Statutory auditors O.M.M.S & Associates have issued an unmodified (clean) audit opinion on the financials. The company also announced the appointment of Mr. Fenil Patel as Chief Operating Officer effective May 20, 2026, and re-appointment of M/s. Sweta Patel & Associates as Internal Auditors for FY 2026-27. Notably, the company changed its depreciation method on Property, Plant and Equipment and Investment Property from Written Down Value (WDV) to Straight Line Method (SLM), effective April 1, 2024, accounted for as a change in accounting estimate applied prospectively. The company completed its IPO and got listed on NSE and BSE in April 2024.
The clean audit opinion with unmodified report is a positive signal for investors, indicating no material concerns in the financial statements. The depreciation method change reduces quarterly depreciation charge, positively impacting reported profits. The appointment of the Managing Director's son as COO represents a related party transaction requiring shareholder awareness.