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 reported audited standalone financial results for Q4 and FY ended March 31, 2026, with an unmodified (clean) audit opinion from statutory auditors M/s O.M.M.S & Associates. The company changed its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) prospectively from April 2025, which reduced depreciation charges for Q4. The board appointed Mr. Fenil Patel as Chief Operating Officer from May 20, 2026. Notably, Mr. Fenil Patel is the son of Mr. Kanubhai Patel, the Promoter and Managing Director, making this a related party appointment. The company also reappointed M/s. Sweta Patel & Associates as internal auditors for FY 2026-27. The company completed its IPO and listed on NSE/BSE in April 2025.
The clean audit opinion is positive for shareholder confidence. However, the appointment of the Managing Director's son as COO represents a related party transaction that investors should note. The accounting policy change on depreciation may affect future earnings comparisons.