Oswal Pumps Limited has notified the stock exchanges of an upcoming Board of Directors meeting, in compliance with Regulation 29 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 09, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited.

Board Meeting Details

The board meeting is scheduled for Saturday, May 16, 2026, during which the board will, inter-alia, consider and approve the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2026. The following table summarises the key details of the scheduled meeting:

Trading Window Closure

In continuation of the company's earlier communication dated March 25, 2026, regarding the closure of the trading window, Oswal Pumps Limited has reiterated that the trading window for dealing in shares of the company shall remain closed until Monday, May 18, 2026. This restriction applies to all Designated Persons, including:

• Promoters
• Directors
• Key Managerial Personnel
• Designated Employees
• Other Connected Persons of the company

The trading window closure is in accordance with applicable SEBI insider trading regulations and is standard practice ahead of the announcement of financial results.

Company Background

Oswal Pumps Limited is an ISO 9001 certified manufacturer and exporter headquartered at Oswal Estate, NH1 Kutail Road, Karnal, Haryana. The company's product portfolio includes submersible pumps, centrifugal pumps, solar water pumps, electric motors, and submersible cables, catering to solar, domestic, agriculture, and industrial segments. The board meeting intimation was signed by Anish Kumar, Company Secretary & Compliance Officer, on May 09, 2026.

Oswal Pumps Limited filed its Monitoring Agency (MA) report for the quarter ended March 31, 2026 with BSE Limited and the National Stock Exchange of India Limited on May 08, 2026. The submission was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ICRA Limited, appointed as the Monitoring Agency under an agreement dated May 26, 2025, prepared the report to track the utilisation of proceeds raised through the company's Initial Public Offer of Equity Shares.

IPO Issue Details

The IPO, which opened on June 13, 2025 and closed on June 17, 2025, comprised an issue of 22,595,114 equity shares of face value of INR 1 each, aggregating up to INR 1387.34 crore. The following key financial parameters characterise the issue:

Monitoring Agency Findings

ICRA's report confirms no material deviation in the utilisation of IPO proceeds relative to the objects of the issue. All government and statutory approvals related to the objects have been obtained, the means of finance for the disclosed objects remain unchanged, and no major deviation was observed over earlier monitoring agency reports. However, ICRA noted that purchases made under the capital expenditure objects — specifically "Funding certain capital expenditure of Company" and "Investment in Oswal Solar for setting up new manufacturing units" — do not align with the vendor specifications proposed in the prospectus.

Progress in Utilisation of IPO Proceeds

The following table summarises the utilisation of gross proceeds as at the end of Q4 FY2026:

Of the total allocated amount of INR 89.860 crore for capital expenditure, only INR 25.754 crore had been utilised through Q4 FY2026, leaving INR 64.106 crore yet to be deployed. For the investment in Oswal Solar for new manufacturing units at Karnal, Haryana — planned across FY2026 (INR 177.571 crore) and FY2027 (INR 95.187 crore) — INR 68.402 crore had been utilised, with INR 204.357 crore remaining. Repayment of company borrowings (INR 280.00 crore) and Oswal Solar borrowings (INR 31.00 crore) were fully completed on schedule.

Deployment of Unutilised Proceeds

Unutilised IPO proceeds were deployed across fixed deposits and bank balances as at March 31, 2026. The total amount invested stood at INR 277.892 crore, generating earnings of INR 1.935 crore, with a total market value of INR 279.827 crore. Key deployments included:

Note: INR 6.542 crore of the total pertains to the unpaid OFS portion.

General Corporate Purpose Utilisation

The report also details the utilisation of proceeds under the General Corporate Purpose (GCP) head. Key payments included repayment of a loan from Citi Bank against bill discounting of purchases (INR 27.800 crore) and payment against purchases to M/s Oswal Solar Structures Private Limited (INR 23.132 crore) in Q1 FY2026, totalling INR 50.932 crore for that quarter. In Q2 FY2026, GCP utilisation totalled INR 114.086 crore, covering payments for SBI e-VFS bill discounting, Bajaj Finance supplier bill discounting, vendor payments, and repayment towards SBI Bank working capital. Cumulatively, INR 165.018 crore of the INR 167.896 crore allocated for general corporate purposes had been utilised through Q4 FY2026, with INR 2.878 crore remaining.

The Monitoring Agency report is available on the company's website at www.oswalpumps.com . ICRA clarified that the report does not constitute a commentary on the quality of the objects of the issue or an assurance on the outcome of such spending.