Om Infra appoints M/s. Khandelwal Badaya & Co. as statutory auditor

1 min read     Updated on 13 Jun 2026, 12:23 PM
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Om Infra Limited has appointed M/s. Khandelwal Badaya & Co. as its statutory auditor to fill a casual vacancy caused by the resignation of M/s Ravi Sharma & Co. The new firm will serve from June 13, 2026, until the conclusion of the ensuing Annual General Meeting, pending shareholder approval.

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Om Infra Limited has appointed M/s. Khandelwal Badaya & Co. as its statutory auditor to fill a casual vacancy, ensuring continuity in financial oversight following the resignation of the previous auditor. The Board of Directors approved the appointment based on the recommendation of the Audit Committee at its meeting held on June 13, 2026. The new auditor will hold office until the conclusion of the ensuing Annual General Meeting, subject to ratification by shareholders within the prescribed statutory timelines.

The casual vacancy arose due to the resignation of M/s Ravi Sharma & Co., Chartered Accountants. M/s. Khandelwal Badaya & Co., a firm of Chartered Accountants with Firm Registration Number 016506C, steps in to fill this role. The firm holds a valid Peer Review Certificate valid up to April 30, 2027, and brings extensive experience in statutory audits, taxation, and corporate laws across various industry segments.

Disclosures under SEBI (LODR) Regulations, 2015

The company provided the following details regarding the change in statutory auditors as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sr. No. Particulars Details
1. Reason for change Appointment to fill a casual vacancy caused by the resignation of M/s Ravi Sharma & Co., Chartered Accountants.
2. Date of appointment & term Date: June 13, 2026

Term: From June 13, 2026, until the conclusion of the ensuing Annual General Meeting (AGM) of the Company, subject to shareholders' approval.
3. Brief Profile M/s. Khandelwal Badaya & Co. is a prominent, peer-reviewed firm of Chartered Accountants with an established track record. The firm holds a valid Peer Review Certificate valid up to April 30, 2027. They possess extensive experience in statutory audits, taxation, and corporate laws across various industry segments, well-aligning with the Company's ongoing operational and strategic expansion.
4. Disclosure of relationships between directors Not Applicable

Historical Stock Returns for Om Infra

1 Day5 Days1 Month6 Months1 Year5 Years
+2.42%-3.37%-11.67%-18.72%-38.01%+201.24%

What were the specific reasons behind the resignation of M/s Ravi Sharma & Co.?

How will the change in auditors impact Om Infra Limited's financial reporting timeline for the current fiscal year?

Is M/s. Khandelwal Badaya & Co. expected to be appointed as the permanent statutory auditor at the upcoming Annual General Meeting?

Om Infra FY26 Revenue Falls 30% to ₹500 Cr

1 min read     Updated on 21 May 2026, 04:49 AM
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Om Infra reported a 30% decline in FY26 revenue to ₹500 crore, with net profit decreasing 43% to ₹21 crore. Q4FY26 revenue increased 43% quarter-on-quarter to ₹160 crore, though net profit dropped 57% year-on-year to ₹7 crore. The company secured a ₹129 crore order and initiated water storage at the Isarda Dam project. For FY27, Om Infra targets an order inflow of ₹1,500 crore, supported by government allocations for the Jal Jeevan Mission.

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om infra announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported a net profit of ₹7 crore for Q4FY26, a decrease of 57% compared to the same period in the previous year. Revenue from operations for the quarter stood at ₹160 crore, marking a 43% increase from the preceding quarter and a 7% decline year-on-year.

For the full fiscal year FY26, the company recorded a revenue of ₹500 crore, a 30% decrease from ₹713 crore in FY25. The net profit for the year attributable to owners was ₹21 crore, down 43% from ₹36 crore in the previous fiscal year. EBITDA for FY26 improved to ₹28 crore, a 40% increase year-on-year, with an EBITDA margin of 6%. The board has recommended a dividend of ₹2.10 per share for FY26.

Operational Highlights

The company secured a new order worth ₹129 crore from Uttar Pradesh Jal Nigam (Urban) for water infrastructure projects in Shahjahanpur. Om Infra is also undertaking the hydro-mechanical portion of the Tapovan project, valued at ₹48 crore. The company has initiated water storage at the Isarda Dam, a project valued at ₹615.17 crore, which is expected to benefit over 3 crore people across 13 districts.

Financial Performance

The company's total expenses for Q4FY26 were ₹144 crore, a 23% reduction year-on-year. Finance costs decreased by 28% to ₹5 crore in the quarter. For FY26, total expenses stood at ₹472 crore, and finance costs were ₹19 crore.

Metric Q4FY26 Q4FY25 FY26 FY25
Net Sales 160 172 500 713
Total Expenses 144 188 472 693
EBITDA 16 -16 28 20
PAT 7 15 21 36

Future Outlook

Looking ahead to FY27, Om Infra is targeting an order inflow worth ₹1,500 crore. The company cites a healthy pipeline of bids and structural tailwinds from government allocations, including ₹67,670 crore for the Jal Jeevan Mission. The management expects pending payment issues related to JJM projects to be resolved progressively with the release of funds in Q1FY27. The suspension of the Indus Water Treaty is expected to accelerate development of hydroelectric projects in bordering regions, boosting hydromechanical order inflows.

Historical Stock Returns for Om Infra

1 Day5 Days1 Month6 Months1 Year5 Years
+2.42%-3.37%-11.67%-18.72%-38.01%+201.24%

How quickly can Om Infra convert its ₹1,500 crore FY27 order inflow target into revenue, and what execution risks could delay project timelines?

Will the resolution of pending Jal Jeevan Mission payments in Q1FY27 be sufficient to meaningfully improve Om Infra's working capital position and profit margins?

How significant could the suspension of the Indus Water Treaty be for Om Infra's hydromechanical order pipeline, and which specific border-region projects might the company bid for?

More News on Om Infra

1 Year Returns:-38.01%