Pursuant to Regulation 30, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
OMPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Om Power Transmission Ltd held its Board Meeting on May 19, 2026, and approved the audited standalone financial results for Q4 and FY ended March 31, 2026. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The company also appointed Mr. Fenil Patel as Chief Operating Officer (effective May 20, 2026), who is the son of the Managing Director and part of the Promoter Group. Additionally, M/s. Sweta Patel & Associates was reappointed as Internal Auditors for FY 2026-27. Notably, the company changed its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) for Property, Plant, Equipment, Investment Property, and Intangible Assets, effective April 1, 2025, which reduced depreciation charges for Q4 FY2026. The company completed its IPO and got listed on NSE and BSE in April 2025.
Clean audit opinion with unmodified results is positive for shareholders. The appointment of a new COO with technology background and the accounting method change may signal operational improvements, though depreciation method change affects comparability of results.