Om Power Transmission Receives Order from MSME Commissionerate Regarding Delayed Payment Claim
Om Power Transmission Limited has received an order dated May 16, 2026, from the MSME Commissionerate, Gandhinagar. The order concerns a complaint previously filed by the Company against Chromeni Steels Private Limited under the Micro, Small and Medium Enterprises Development Act, 2006, related to claims of delayed payments.The Commissionerate's order was delivered to the Company on May 26, 2026. According to details provided, the Council, during its 339th MSEFC hearing on April 22, 2026, dismissed the case for default, resulting in the case remaining dismissed.
The original complaint involved a delayed payment amount totaling Rs. 181.17 lakhs. This sum was comprised of a principal outstanding of Rs. 104.92 lakhs and accumulated interest of Rs. 76.25 lakhs.
The Company stated that the financial impact of this specific order is limited solely to the amount recoverable from Chromeni Steels Private Limited. Furthermore, the Company confirmed that the order would not affect its ongoing operations or other business activities. Om Power Transmission Limited also noted that it is evaluating appropriate legal remedies under applicable law.
For a detailed breakdown of the amount involved, the following data summarizes the financials relating to the claim:
| Component | Amount (in lakhs) |
|---|---|
| Principal Outstanding | Rs. 104.92 |
| Interest on Delayed Payments | Rs. 76.25 |
| Total Claim Amount | Rs. 181.17 |
OMPOWER Stock Price Movement
Shares of Om Power Transmission Limited shed 7.45% today, settling at ₹175.06 in post-market trading. The sharp decline saw the stock plunge to its 52-week low, amid a high trading day that saw a total volume of 956,831 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.