Oswal Pumps Limited , a leading player in the pump manufacturing industry, has announced plans to seek shareholder approval for a strategic relocation of its new manufacturing facility. The company has issued a postal ballot notice dated November 17, 2025, proposing to vary the terms of contract mentioned in its initial public offering (IPO) prospectus regarding fund utilization.

Key Points of the Proposal

• Relocation Plan: Oswal Pumps intends to relocate its planned new manufacturing facility for its wholly-owned subsidiary, Oswal Solar Structure Private Limited (Oswal Solar), to a new site in Karnal, Haryana.
• Fund Allocation: The company plans to utilize IPO proceeds of INR 2,727.58 million for setting up new manufacturing units at the proposed location.
• Original Plan: Initially, the funds were earmarked for investment in Oswal Solar to establish new manufacturing units at a different site in Karnal.

Rationale for Relocation

The company has cited several advantages for the proposed relocation:

1. Proximity to Existing Facility: The new site is adjacent to Oswal Solar's existing facility, offering logistical advantages and operational efficiencies.
2. Larger Area: The proposed land offers 28,000 sq. m. compared to the original 13,983 sq. m., allowing for optimized plant layout and future scalability.
3. Cost Efficiencies: The relocation is expected to result in shared resources and reduced administrative costs.
4. Regulatory Ease: The new location requires minimal new approvals, potentially streamlining the expansion process.

Shareholder Approval Process

• Voting Period: E-voting will commence on November 18, 2025, at 9:00 A.M. (IST) and end on December 17, 2025, at 05:00 P.M. (IST).
• Resolution Type: The proposal requires approval as a Special Resolution.
• Scrutinizer: Mr. Amit Shukla has been appointed as the scrutinizer for the postal ballot process.

Financial Implications

The relocation does not alter the total amount of IPO proceeds allocated for this purpose. As of September 30, 2025, the utilization status of IPO proceeds is as follows:

Management's Perspective

The management believes that this strategic relocation will enhance shareholder value by utilizing the IPO proceeds more effectively, potentially leading to increased operational efficiency and long-term growth prospects for Oswal Pumps and its subsidiary.

Investors and shareholders are advised to review the detailed postal ballot notice and consider the proposed changes carefully before casting their votes. 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.

Oswal Pumps , a leading player in the solar panel, pumps, and motors industry, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and strong financial performance.

Revenue and Profitability

For the quarter ended September 30, 2025, Oswal Pumps reported revenue from operations of ₹4,852.35 crore, marking a significant 9.4% increase from ₹4,435.60 crore in the previous quarter. This growth demonstrates the company's ability to expand its market presence and meet increasing demand for its products.

The company's net profit for Q2 FY2026 stood at ₹757.71 crore, with earnings per share (EPS) of ₹6.65. This represents a notable improvement in profitability compared to the previous quarter.

Financial Position

Oswal Pumps maintains a strong financial position, with cash reserves of ₹775.16 crore as of September 30, 2025. This robust liquidity provides the company with flexibility for future investments and growth opportunities.

Segment Performance

The company's business primarily focuses on various types of solar panels, pumps, and motors, with the majority of sales occurring within India. While specific segment-wise breakdowns were not provided, the overall revenue growth suggests positive performance across its product lines.

IPO Utilization

Following its successful Initial Public Offering (IPO) earlier in the year, Oswal Pumps has been strategically utilizing the funds raised. As of September 30, 2025, the company has utilized ₹4,776.06 crore out of the total ₹8,415.14 crore raised. Key allocations include:

• ₹2,800.00 crore for repayment of outstanding borrowings
• ₹1,650.02 crore for general corporate purposes
• ₹310.00 crore invested in its wholly-owned subsidiary, Oswal Solar

The remaining ₹3,639.08 crore of unutilized IPO proceeds has been temporarily deployed in fixed deposits with scheduled commercial banks.

Operational Highlights

During the quarter, Oswal Pumps continued to focus on expanding its manufacturing capabilities and market presence. The company's board has also approved the appointment of Mr. Avadesh K. Singh as the President & Chief Operating Officer (COO), effective November 15, 2025, bringing over 37 years of leadership experience in sales and marketing.

Future Outlook

With its strong financial performance, strategic utilization of IPO funds, and expansion initiatives, Oswal Pumps appears well-positioned for continued growth in the solar and pump industries. The company's focus on capital expenditure and investment in its subsidiaries suggests a commitment to long-term expansion and market leadership.