OMPOWER Board Approves FY26 Audited Results, Appoints Fenil Patel as COO
Om Power Transmission Limited's board approved audited standalone results for FY26, with revenue from operations at ₹47,916.49 lakh and a profit of ₹3,332.36 lakh. Fenil Patel was appointed as COO, effective May 20, 2026. M/s. Sweta Patel & Associates were re-appointed as Internal Auditors for FY27. The company had completed its IPO and listed on NSE and BSE on April 17, 2026.
The appointment of a COO and approval of financial results are moderately impactful events that can influence investor confidence and company operations.
The announcement includes positive elements such as the approval of financial results with an unmodified audit opinion, the appointment of a new COO, and the successful completion of an IPO. These factors suggest a positive outlook for the company.
On May 19, 2026, Om Power Transmission Limited's Board of Directors approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The Statutory Auditors, M/s. O.M.M.S & Associates, issued an unmodified opinion on these financial results. The Audit Committee reviewed and recommended the results, which were subsequently approved by the Board. The board also approved the re-appointment of M/s. Sweta Patel & Associates as Internal Auditors for the financial year 2026-27. The board meeting commenced at 03:00 P.M. (IST) and concluded at 05:00 P.M. (IST).
Mr. Fenil Patel has been appointed as Chief Operating Officer (COO), effective May 20, 2026. He is designated as Senior Management Personnel. Mr. Patel holds a Bachelor's degree in Electrical Engineering from Arizona State University and has experience with Amazon as a Software Development Engineer. He is the son of Mr. Kanubhai Patel, Promoter and Managing Director of the Company and is also a member of the Promoter Group of the Company.
The company completed its IPO of 18,750,000 equity shares at ₹175 per share, with listing on NSE and BSE on April 17, 2026. For the year ended March 31, 2026, Om Power Transmission reported revenue from operations of ₹47,916.49 lakh, total income of ₹48,177.75 lakh, and profit for the year of ₹3,332.36 lakh.
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Om Power Transmission Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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