Oswal Pumps Limited has commenced the remote e-voting process for the re-appointment of Mr. Amulya Gupta as Whole Time Director of the Company. The voting period opened on May 22, 2026, and will conclude on June 20, 2026. The re-appointment is proposed for a period of five years, effective from June 24, 2026, to June 23, 2031, subject to the approval of members.

Re-appointment Details

The Board of Directors, at its meeting held on May 16, 2026, approved the re-appointment of Mr. Amulya Gupta. The resolution proposes a fixed remuneration of Rs. 20,00,000 per month and/or other perquisites as per the company's policy. The terms stipulate that in the event of loss or inadequacy of profit in any financial year, the payment shall be governed by the limits prescribed under Section II of Part II of Schedule V of the Companies Act, 2013.

Voting Procedure

The remote e-voting facility is available on the NSDL platform. Members registered with depositories as on the cut-off date of May 15, 2026, are entitled to vote. Shareholders can cast their votes electronically by logging on to www.evoting.nsdl.com . The results of the postal ballot will be announced within two working days or three days of the conclusion of the e-voting period, whichever is earlier.

Profile of Mr. Amulya Gupta

Mr. Amulya Gupta brings over 7 years of experience in the pumps manufacturing industry. He holds a bachelor's degree in science in business and management studies from the University of Bradford. He was first appointed to the Board on December 4, 2020, and has been associated with the company since August 2019. He is recognized for his analytical and leadership skills, focusing on operational excellence and sustainable growth.

Relationships and Compliance

Mr. Amulya Gupta is the son of Mr. Vivek Gupta, Chairman and Managing Director, and the brother of Mr. Shivam Gupta, Whole Time Director. The company has confirmed that he is not debarred from holding the office of director by any SEBI order or other authority. Mr. Amit Shukla has been appointed as the scrutinizer for the postal ballot process.

Oswal Pumps Limited has announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a record Profit After Tax (PAT) of INR3,763 million for FY26, representing a year-on-year growth of 34.1%. Revenue from operations for the fiscal year reached INR20,644 million, the highest in the company's history, with a robust YoY growth of 44.3%. For Q4 FY26, the company posted a PAT of INR925 million and revenue of INR5,097 million.

Management Commentary

Chairman and Managing Director Vivek Gupta described FY26 as a landmark year, noting that the operating income of INR20,644 million marked a historic high. He highlighted that Q4 FY26 operating income stood at INR5,097 million, reflecting a YoY growth of 39.8%, driven by large-scale execution under the PM KUSUM and state government schemes. Gupta also pointed out that FY26 marked a historic milestone in profitability, with PAT reaching INR3,763 million. He added that collections exceeding INR1,164 million received on April 2, 2026, effectively turned the full-year operating cash flow position positive to INR393 million.

Financial Performance – Q4 FY26 & FY26

The following table summarises the key financial metrics for Q4 FY26 and the full year FY26:

The sequential moderation in Q4 margins reflects competitive tender pricing and input cost pressures from prevailing geopolitical uncertainties, which the company is addressing through value-engineering and cost optimisation initiatives.

Order Book and Strategic Outlook

Oswal Pumps has emerged as one of the largest suppliers of solar-powered agricultural pumps under the PM KUSUM scheme. As on April 30, 2026, the company has executed a total of 1,06,122 solar pumping systems directly under the PM KUSUM scheme across 15 state governments. The current order book stands at 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders. The company is actively diversifying into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar projects, with a healthy pipeline of 300 MW across these segments.

For FY27, the company targets overall growth of 20% to 25% over the previous year, with operating EBITDA margins expected to be in the range of 22.0% to 23.0%. The company anticipates a back-ended growth profile for FY27, with the first two quarters likely to witness a moderate revenue decline due to the timing of project awards, specifically the rollout of PM KUSUM 2.0. Management expects execution momentum to build progressively in the second half of the year.