Nature of the Event
Om Power Transmission Limited has received a tax order from the Office of the Deputy Commissioner, State Tax, Ahmedabad, requiring disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Quantitative Figures
The order demands reversal of Input Tax Credit (ITC) amounting to ₹11,60,838 (Rupees Eleven Lakh Sixty Thousand Eight Hundred Thirty-Eight only).
Dates of Action and Receipt
- Order Date: May 27, 2026
- Date of Receipt by Company: May 30, 2026
- Financial Year in Question: 2015-16
Parties Involved
- Issuing Authority: Office of the Deputy Commissioner, State Tax, Ahmedabad
- Regulatory References: Gujarat Value Added Tax Act, 2003
- Disclosure made to: National Stock Exchange of India Limited (Scrip Symbol: OMPOWER) and BSE Limited (Scrip Code: 544750)
- Company Representative: Hardikkumar Jitendrabhai Patel, Company Secretary and Compliance Officer (Membership No.: A55828)
Reason for Order
The order was passed on account of alleged incorrect availment of Input Tax Credit by the Company under the applicable provisions of the Gujarat Value Added Tax Act, 2003.
Financial Impact Disclosure
The company states the financial implication is limited to the reversal of ITC amounting to ₹11,60,838. The order does not have any material impact on the operations or other activities of the Company.
Additional Information
The information will be made available on the company website: www.ompowertransmission.com