OMPOWER Appoints Fenil Patel as COO, Re-appoints Internal Auditors, Approves Audited Results for FY26
Om Power Transmission (OMPOWER) approved audited standalone results for the quarter and year ended March 31, 2026. Fenil Patel was appointed as COO, effective May 20, 2026. M/s. Sweta Patel & Associates were re-appointed as Internal Auditors for FY27, effective May 19, 2026. The Board meeting concluded at 05:00 P.M. (IST) on May 19, 2026.
The appointment of a new COO and re-appointment of internal auditors are moderately significant. The approval of audited financial results is a routine event.
The announcement contains routine financial results, appointments, and re-appointments, without indicating a clear positive or negative outlook.
Om Power Transmission Limited (OMPOWER) announced the outcomes of its Board Meeting held on May 19, 2026. The Board approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. M/s. O.M.M.S & Associates, the Statutory Auditors, issued an Audit Report with an unmodified opinion on these financial results. The results were reviewed by the Audit Committee before Board approval. The meeting commenced at 03:00 P.M. (IST) and concluded at 05:00 P.M. (IST).
Mr. Fenil Patel has been appointed as the Chief Operating Officer (COO), designated as Senior Management Personnel, effective May 20, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Patel holds a Bachelor's degree in Electrical Engineering from Arizona State University and has experience with Amazon. He is the son of Mr. Kanubhai Patel, Promoter and Managing Director of the Company, and is also a member of the Promoter Group.
The Board re-appointed M/s. Sweta Patel & Associates as Internal Auditors for the Financial Year 2026-27, following the recommendation of the Audit Committee. The re-appointment is effective from May 19, 2026.
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