Omnipotent Industries Ltd — Important, 18-03-2026: Company Update

Omnipotent Industries Limited has disclosed a material litigation concerning the availment and utilization of irregular input tax credit. The dispute involves a demand for Rs. 10.23 Cr in input tax credit and an equal penalty of Rs. 10.23 Cr for the company. Additionally, interest is demanded, and its former Managing Director faces significant penalties of Rs. 10.23 Cr and Rs. 25,000. This material issue could significantly impact the company's financial position.