Om Power Transmission Limited shareholders have approved critical financing resolutions, empowering the company to create charges on its assets up to ₹1000 crore and borrow money in excess of its paid-up share capital and free reserves. The approvals, secured through a remote e-voting process that concluded on August 9, 2026, provide the firm with enhanced financial flexibility to fund future expansion or operational requirements without immediate equity dilution.

The voting results were disclosed under Regulation 30 and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SCS and Co. LLP, appointed as the scrutinizer by the Board of Directors, certified the outcome of the postal ballot notice dated July 6, 2026. The resolutions were classified as Special Resolutions under Section 180(1)(c) of the Companies Act, 2013, requiring a higher threshold of shareholder consent than ordinary business matters.

Voting Breakdown

The participation rate among eligible shareholders was significant, with 22,935 shareholders on record as of the July 3, 2026 cut-off date. The promoter and promoter group held 23,645,073 shares, representing the majority stake, while public institutions held 1,846,728 shares and non-institutional public shareholders held 8,753,199 shares.

For the second resolution regarding the creation of charges up to ₹1000 crore, the voting pattern remained consistent. The promoter group voted unanimously in favor, casting 23,640,763 votes. Public institutions also voted 100% in favor with 3,734 votes. Non-institutional public shareholders recorded a 97.27% approval rate, with 91,417 votes in favor against 2,566 votes against. The total votes polled for this resolution were 23,738,480, resulting in an overall approval rate of 99.99%.

Scrutinizer’s Report Details

SCS and Co. LLP reported that the remote e-voting platform hosted by National Securities Depository Limited (NSDL) facilitated the process from July 11, 2026, to August 9, 2026. The scrutinizer noted that notices were sent electronically to members registered with NSDL and Central Depository Services (India) Limited (CDSL). Shareholders without registered email addresses were provided alternative mechanisms to register via the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or directly through NSDL.

No invalid votes were recorded for either resolution across any shareholder category. The scrutinizer confirmed that all conditions under the Companies Act, 2013, and SEBI LODR Regulations were fulfilled. Kanubhai Patel, Managing Director of Om Power Transmission Limited, countersigned the report, validating the declaration of results. The company has uploaded the detailed voting results and scrutinizer’s report on its website and the respective stock exchange portals.

Om Power Transmission Limited has initiated a remote e-voting process for shareholders to approve raising its borrowing and asset charge limits to ₹1,000 crore. The postal ballot, conducted via National Securities Depository Limited (NSDL), is open from July 11, 2026, to August 9, 2026, for members holding shares as on the cut-off date of July 3, 2026. The company seeks to supersede previous resolutions passed in August 2025 to enhance financial flexibility for its Engineering, Procurement, and Construction (EPC) operations.

The Board of Directors has proposed two special resolutions. The first seeks authorization to borrow funds exceeding the company’s paid-up share capital and free reserves under Section 180(1)(c) of the Companies Act, 2013. The second resolution proposes creating a charge, mortgage, or pledge on the company's assets up to ₹1,000 crore under Section 180(1)(a) of the Act. Both proposals aim to replace the existing limit of ₹250 crore approved by shareholders previously.

Ms. Anjali Sangtani, Partner of M/s. SCS and Co. LLP, has been appointed as the Scrutinizer to oversee the voting process. The results of the postal ballot will be declared on or before August 11, 2026. The notice has been dispatched electronically to members, and physical copies are not being issued in compliance with Ministry of Corporate Affairs circulars.

Postal Ballot Schedule

Special Resolutions