As per attached intimation letter.

September 23, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400051 Scrip Code: 544418 Name of Scrip: OSWALPUMPS Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) - Reaffirmation of Credit Rating Dear Sir/ Madam, Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that ICRA Limited through its letter dated September 22, 2026 has reaffirmed/ revised the below mentioned Credit Ratings for the Company: Instrument Rating action Reason for change Long term – Fund ICRA A+ (Negative); Substantial build-up of receivables as well as moderation based - Cash credit reaffirmed; outlook revised to of profitability following increased competitive intensity and negative from stable input prices. The sharp increase in receivables has led to elongation in the collection cycle and a consequent rise in working capital intensity. The timely receipts especially from government subsidy schemes remain key to reduce the outstanding receivables and hence, improve the working capital cycle. Short Term – Non- ICRA A1 (reaffirmed) Not Applicable fund based – Others Short term - Non- fund based - Letter of credit Short term – Non- fund based – Bank guarantee Further, ICRA Limited through its letter dated September 22, 2026 has reaffirmed/ revised the below mentioned Credit Ratings for Oswal Solar Energy Private Limited, Material Subsidiary of the Company: Instrument Rating action Reason for change Long term – Fund based - ICRA A+ (Negative); reaffirmed; outlook Change in outlook of the parent Cash credit revised to negative from stable company, i.e. Oswal Pumps Limited. Long term – Fund based ICRA A+ (Negative); reaffirmed; outlook –Term loan revised to negative from stable Long term/Short term – ICRA A+ (Negative)/ ICRA A1; reaffirmed; Unallocated limits outlook revised to negative from stable The letters issued by the ICRA are available on the website of the Company https://www.oswalpumps.com/. This is for your information and records. Thanking you, Yours faithfully, For Oswal Pumps Limited Anish Kumar Company Secretary and Compliance Officer