Om Power Transmission Approves Subsidiary Incorporation and Large Scale Borrowing Proposal

Om Power Transmission Approves Subsidiary Incorporation and Large Scale Borrowing Proposal​

Om Power Transmission Limited has approved several strategic initiatives following the meeting of its Board of Directors held on July 06, 2026. Key decisions include proceeding with the incorporation of a new subsidiary in India and approving proposals for shareholders to consider significant corporate actions via Postal Ballot.

The board approved the proposal for incorporating a new subsidiary, which is planned to be incorporated under the name OPTL Green Energy Private Limited or an approved alternative name. This venture falls within the renewable energy industry and will focus on developing, owning, constructing, operating, maintaining, and implementing various renewable energy projects. The proposed business scope includes solar, wind, hybrid, hydro, biomass, energy storage, and other advanced renewable energy technologies.

Om Power Transmission Limited is set to become the holding company of this new entity. For the subscription of the memorandum of association of the proposed subsidiary, the company will pay in cash. It has committed 5,600 equity shares at a face value of Rs. 10 each, aggregating to Rs. 56,000, which constitutes 56% of the equity share capital of the proposed subsidiary.

In addition to the incorporation approval, the company's Board approved proposals for seeking shareholder consent through Postal Ballot via remote e-voting process. The two resolutions up for approval are related to major financial structures and asset security.

The proposals include:

• A Special Resolution concerning the ability of the company to borrow money exceeding its paid-up share capital and free reserves, as stipulated by Section 180(1)(c) of the Companies Act, 2013.
• A Special Resolution allowing for the creation of a charge, mortgage, pledge, hypothecation, or security on the company's assets up to Rs. 1000 crores.

The board meeting commenced at 04:00 P.M. (IST) and concluded at 04:50 P.M. (IST).

OMPOWER Stock Price Movement​

Today, Om Power Transmission Limited shares edged higher to close at ₹177.40 after trading gains of 0.58%. The stock maintained moderate interest in the session, recording a total traded volume of 106,068 shares.