Om Power Transmission opens postal ballot to raise borrowing limits

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

Event	Date and Time
Cut-off Date	Friday, July 03, 2026
Remote E-voting Commences	9:00 a.m. IST on Saturday, July 11, 2026
Remote E-voting Concludes	5:00 p.m. IST on Sunday, August 09, 2026
Result Declaration	On or before Tuesday, August 11, 2026

Special Resolutions

Sr. No.	Description	Limit
1	Borrow money in excess of paid-up share capital and free reserves	₹1,000 crore
2	Create charge/mortgage/pledge/hypothecation on assets	₹1,000 crore

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.57%	-2.99%	-2.72%	-8.90%	-8.90%	-8.90%

om power transmission has secured a Letter of Acceptance from Paschim Gujarat Vij Company Limited for a turnkey contract valued at ₹82.17 crores. The project involves converting existing 11 kV HT Line and LT Line networks, including Consumer Service Lines, into an Underground Cable Network with a Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle. This contract win is a significant development for the company, which holds a market capitalisation of ₹580 crores.

Order Details

The following table summarises the key highlights of the order secured by Om Power Transmission:

Parameter	Details
Order Value	₹82.17 crores
Client	Paschim Gujarat Vij Company Limited
Nature of Contract	Turnkey Contract for underground cable conversion
Execution Timeline	18 months after a 45-day commencement period

Key Highlights

Om Power Transmission has secured an order worth ₹82.17 crores.
The project is a domestic turnkey contract awarded by Paschim Gujarat Vij Company Limited.
The execution period is set for 18 months following a 45-day commencement period from the receipt of the Notice of Award (NOA).
The company's current market capitalisation stands at ₹580 crores.

The disclosure was made to the exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order reinforces Om Power Transmission's presence in the power transmission sector.