Oswal Pumps has received a Letter of Empanelment (LOE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), valued at approximately ₹162.06 crore (inclusive of GST). The systems are to be executed within 1 (one) year under the PM Kusum B Scheme — "Magel Tyala Saur Krishi Pump" Yojna. This development represents a significant milestone for the company in the solar energy and water infrastructure space.

Order Details

The following table summarizes the key parameters of the empanelment:

Scope and Execution

The order encompasses the design, manufacture, supply, transport, installation, testing, and commissioning of solar water pumping systems in 3 HP, 5 HP, and 7.5 HP capacities. These systems will be installed at identified farmers' locations across the state of Maharashtra, supporting sustainable irrigation and promoting the adoption of renewable energy in the agricultural sector. The scope also includes a complete system warranty along with repair and maintenance services, as well as a Remote Monitoring System (RMS) for a period of 5 years. Installation is required to be completed within 60 days from the date of issuance of the Notice to Proceed (NTP) or Work Order.

Management Commentary

Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said:

"We are pleased to receive yet another order from Maharashtra State Electricity Distribution Company Limited under the 'Magel Tyala Saur Krishi Pump' Yojna. This continued trust from MSEDCL reaffirms our position as a preferred partner for large-scale solar water pumping solutions in the country and reflects our consistent delivery standards across previous engagements. At Oswal Pumps, we have always believed that sustainable agriculture and renewable energy adoption must go hand in hand, and this order aligns perfectly with that conviction. By directly benefiting nearly 6,869 farming households across the state of Maharashtra, this project will reduce their dependence on grid power and diesel-based irrigation, lowering both input costs and carbon footprints. We are proud to be a meaningful contributor to the Government of India's vision of energy self-sufficiency in the agricultural sector, and we remain committed to delivering this project with the highest standards of quality, timeliness, and farmer-centric service."

Significance of the Order

The LOE from MSEDCL underscores Oswal Pumps' growing presence in the solar-powered water pumping segment, which plays a critical role in supporting agricultural and rural water supply initiatives. MSEDCL, as a major state electricity distribution utility in Maharashtra, is a prominent institutional client, and this empanelment reflects the company's capability to cater to large-scale government procurement requirements. The engagement under the PM Kusum B Scheme — a flagship government initiative aimed at promoting solar-powered agricultural pumps — further highlights Oswal Pumps' alignment with India's renewable energy and rural electrification goals.

About Oswal Pumps Limited

Oswal Pumps is one of India's fastest-growing, vertically integrated solar pump manufacturers. With a legacy of over two decades in pump engineering and manufacturing, the company is a fully integrated provider of turnkey solar pumping systems. It has established a strong presence across solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules — all marketed under the trusted 'Oswal' brand. The company is accredited with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications and is listed under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM). With a strong pan-India distribution network, a growing international footprint, and a focused design and engineering team, Oswal Pumps continues to cater to the diverse requirements of end-users in the agricultural, residential, and industrial sectors.

Oswal Pumps Limited has submitted a regulatory declaration confirming compliance with SEBI takeover regulations regarding share encumbrance during the Financial Year 2025-26. The declaration was filed on April 01, 2026, with both major stock exchanges where the company is listed.

Regulatory Declaration Details

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoter Vivek Gupta confirmed that he, along with persons acting in concert, have not created any encumbrance on the company's shares during Financial Year 2025-26.

Stock Exchange Communication

The declaration was formally communicated to both stock exchanges where Oswal Pumps Limited shares are traded. The company addressed the listing departments of BSE Limited and National Stock Exchange of India Limited with the regulatory confirmation.

Compliance Statement

The promoter's declaration specifically confirms that no encumbrance was made on company shares, either directly or indirectly, during the specified financial year. The statement includes a provision for any previously disclosed arrangements that may have been reported from time to time, if applicable.

This regulatory filing demonstrates the company's adherence to SEBI's substantial acquisition and takeover regulations, which require periodic disclosures from promoters and persons acting in concert regarding their shareholding activities and any encumbrances created on their holdings.