Oswal Pumps Re-appoints Mr. Amulya Gupta as Whole Time Director for Five-Year Term
Oswal Pumps Limited's Board of Directors, at its meeting on May 16, 2026, approved the re-appointment of Mr. Amulya Gupta as Whole Time Director for a further term of 5 years, effective June 24, 2026, up to June 23, 2031, subject to member approval. Mr. Amulya Gupta, who has been with the company since August 2019 and was first appointed to the Board on December 4, 2020, brings over 7 years of experience in the pumps manufacturing industry. He holds a bachelor's degree in business and management studies from the University of Bradford and is the son of Chairman and Managing Director Mr. Vivek Gupta and brother of Whole Time Director Mr. Shivam Gupta. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Oswal Pumps Limited has announced the re-appointment of Mr. Amulya Gupta as Whole Time Director, following a Board of Directors meeting held on May 16, 2026. The decision, taken on the recommendation of the Nomination and Remuneration Committee, is subject to the approval of the members of the company and was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Re-appointment Details
The Board meeting, which commenced at 1530 hours and concluded at 1830 hours on May 16, 2026, formally approved the re-appointment. The key terms of the re-appointment are outlined below:
| Parameter: | Details |
|---|---|
| Name: | Mr. Amulya Gupta |
| Designation: | Whole Time Director |
| Date of Re-appointment: | June 24, 2026 |
| Term: | 5 (Five) years |
| Tenure Period: | June 24, 2026 to June 23, 2031 |
| Subject to: | Approval of Members of the Company |
Profile of Mr. Amulya Gupta
Mr. Amulya Gupta brings over 7 years of distinguished experience in the pumps manufacturing industry. He was first appointed to the Board of Oswal Pumps on December 4, 2020, and has been associated with the company since August 2019. He holds a bachelor's degree of science in business and management studies from the University of Bradford, Bradford, West Yorkshire.
Mr. Amulya Gupta is recognised for his strong analytical, leadership, and problem-solving abilities, with a focus on operational excellence, customer satisfaction, and sustainable business growth.
Relationships and Regulatory Compliance
As required under the Listing Regulations, the company has disclosed the following information regarding Mr. Amulya Gupta:
- Family relationships: Mr. Amulya Gupta is the son of Mr. Vivek Gupta, Chairman and Managing Director, and the brother of Mr. Shivam Gupta, Whole Time Director.
- Regulatory standing: Mr. Amulya Gupta is not debarred from holding the office of director by virtue of any SEBI order or any other such authority, as required under BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24, both dated June 20, 2018.
The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, and other relevant circulars and guidelines. The communication was signed by Anish Kumar, Company Secretary and Compliance Officer of Oswal Pumps Limited.
Historical Stock Returns for Oswal Pumps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.73% | -9.72% | -5.36% | -43.57% | -40.72% | -40.72% |
How might the concentration of family members — father as CMD and two sons as Whole Time Directors — impact Oswal Pumps' corporate governance ratings and institutional investor sentiment going forward?
What strategic initiatives or expansion plans is Mr. Amulya Gupta likely to champion during his five-year tenure from 2026 to 2031 given the competitive landscape in India's pumps manufacturing sector?
How could shareholder approval of this re-appointment influence minority investor confidence, particularly given ongoing SEBI scrutiny of family-dominated boardrooms in mid-cap companies?
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