Oswal Pumps Ltd

Oswal Pumps Limited has received a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of this order is approximately ₹235.92 Crore, including GST. These systems are to be executed within 60 days under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojana. This repeat order reinforces Oswal Pumps' partnership with MSEDCL and highlights the company's continued momentum in supplying solar-powered irrigation solutions.

Oswal Pumps Limited has received a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of this order is approximately ₹235.92 Crore, including GST. These systems are to be executed within 60 days under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojana. This repeat order reinforces Oswal Pumps' partnership with MSEDCL and highlights the company's continued momentum in supplying solar-powered irrigation solutions. The order covers design, manufacture, supply, installation, testing, and commissioning of SPWPS of various capacities, along with a 5-year warranty and maintenance.

Oswal Pumps Ltd announced that its wholly-owned subsidiary, Oswal Solar Energy Private Limited, will establish a greenfield 1.2 GW solar cell plant in Karnal, Haryana. The board also approved variations in the utilization of IPO proceeds and modification of the time limit for their use. The company had initially planned to use IPO proceeds for capital expenditure, investment in Oswal Solar for manufacturing units and debt repayment, and general corporate purposes. A significant portion of the unutilized IPO funds, INR 1,598.50 million, will now be directed towards setting up the solar cell manufacturing plant. The timeline for deploying net proceeds for certain capital expenditures is extended to FY2027.

Oswal Pumps Limited announced that its subsidiary, Oswal Solar Energy Private Limited (OSEPL), will establish a 1.2 GW solar cell manufacturing facility using TOPCon technology. The facility, expected to be operational by April 2028, will cater to OSEPL's in-house module production, ensuring a reliable supply of DCR cells and reducing reliance on volatile spot markets. The project cost is estimated at ₹456 crore, with ₹296 crore funded by debt and the remaining ₹159.85 crore from unutilized IPO proceeds. This backward integration aims to strengthen the group's cost structure, competitive positioning in government programs, and overall profitability.

Oswal Pumps Ltd has announced the closure of its trading window for all designated persons, including promoters, directors, and key managerial personnel. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the announcement of the company's unaudited financial results for the quarter and half-year ending September 30, 2026. The specific date for the board meeting to declare these results will be communicated later.

Oswal Pumps Limited has received a Letter of Intent from Telangana Renewable Energy Development Corporation Limited (TREDCL) for a significant solar rooftop project. The contract involves the Design, Supply, Installation, and Commissioning of on-grid solar rooftop PV power plants with an aggregate capacity of 46,705 kW across 9,937 government schools in 33 districts of Telangana. The total value of the project is approximately ₹297.50 Crore, including GST. The installation is expected to be completed within 180 days of receiving the work order. This project aims to enhance renewable energy infrastructure in educational institutions and aligns with Telangana's clean energy goals. The company will also provide a five-year comprehensive maintenance service.

Oswal Pumps Limited has secured a significant Letter of Intent from Telangana Renewable Energy Development Corporation Limited (TREDCL) for the design, supply, installation, and commissioning of rooftop solar PV power plants across 9,937 government schools in Telangana. The project, with an aggregate capacity of 46,705 kW (46.7 MW), is valued at approximately ₹297.50 Crore (including GST). This order involves 5 years of comprehensive maintenance and is to be completed within 180 days of receiving the work order. The company views this as a key milestone for expanding its presence in new markets and contributing to Telangana's clean energy goals.

Oswal Pumps Ltd has issued an intimation letter regarding its 23rd Annual General Meeting (AGM) scheduled for September 25, 2026, to be held via Video Conference (VC)/Other Audio Visual Means (OAVM). The company is dispatching the Annual Report for FY 2025-26 and the Notice of AGM electronically to members with registered email addresses. For members without registered email IDs, physical communication with a weblink to access these documents will be sent. The company is facilitating remote e-voting and e-voting during the AGM for resolutions, with a cut-off date of September 18, 2026. The remote e-voting period is from September 21 to September 24, 2026. The Annual Report, Notice of AGM, and physical communication are enclosed and also available on the company's website.

Oswal Pumps Ltd has issued an intimation letter regarding its 23rd Annual General Meeting (AGM) scheduled for September 25, 2026, to be held via Video Conference (VC)/Other Audio Visual Means (OAVM). The Annual Report for FY 2025-26 and the Notice of AGM are being sent electronically to members with registered email addresses. Physical communication with a weblink to access these documents will be sent to members whose email IDs are not registered. The company is facilitating remote e-voting and e-voting during the AGM for resolutions, with a cut-off date of September 18, 2026. The remote e-voting period is from September 21 to September 24, 2026. The Annual Report, Notice of AGM, and physical communication are enclosed and also available on the company's website.

Oswal Pumps Ltd has announced its 23rd Annual General Meeting (AGM) will be held on September 25, 2026, via Video Conference/Other Audio Visual Means. The company is dispatching the Annual Report for FY 2025-26 and the Notice of AGM electronically to members with registered email addresses. Physical copies with website links will be sent to members without registered emails. Members can vote electronically on all resolutions, with remote e-voting from September 21-24, 2026. The cut-off date for voting eligibility is September 18, 2026. The Annual Report, Notice of AGM, and related documents are also available on the company's website.