As per attached intimation letter.

August 08, 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.: Monitoring Agency Report for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”), please find enclosed the report for the quarter ended June 30, 2026 issued by ICRA Limited, the Monitoring Agency appointed to monitor the utilization of proceeds raised through Initial Public Offer of Equity Shares of the Company. The same is also 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 Encl.: As above June2026 MONITORING AGENCYREPORT Name of the Issuer:OswalPumps Limited For quarter ended: June30, 2026 Name of the Monitoring Agency(MA):ICRA Limited (a) Deviation from the objects of the issue: Nomaterial deviation -The utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal inany security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a creditrating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit relatedanalyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,where applicable. There are certain sections of the report under the of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no Signature: ParulGoyalNarang Vice President & Head-Process Excellence Analyst:Sumana Guha Quality Analyst:Dhwani Vinchhi Sensitivity Label : Public June2026 1. IssuerDetails Name of the Issuer:OswalPumps Limited Name(s) of the promoters: Promoters Vivek Gupta Amulya Gupta Shivam Gupta Shorya Trading Company Private Limited Ess Aar Corporate Services Private Limited Singh Engcon Private Limited Source: BSE Industry/ sector to which it belongs:Engineering sector(Industrial Equipment) 2. Issue Details Issue Period:Openingdate-June13, 2025 Closingdate-June17, 2025 Type of Issue:Initial Public Offer Type of specified securities:Equityshares IPO Grading, if any: Not Applicable Issue Size (Rs. Crore):Issue of22,595,114equity shares of face value of INR1each,aggregatingupto INR1387.34 Crore With OFS portion:INR1387.34Crore Excluding OFS portion:INR 890.00Crore Net proceedsas per prospectus: INR 841.514Crore Note:ICRA will be monitoring GrossProceedsofINR 890.00in Q1FY2027 Sensitivity Label : Public June2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of Comments of the certifications considered by the Particulars Reply Monitoring Monitoring Agency for the Board of Agency preparation of report Directors The purchases under theobject- funding capital -Peer reviewed CAcertificate expenditure of -Confirmation from management Whether all utilization is as per the company do -Bank statement of the public the disclosures in the Offer Yes not align with the offeraccount/Proceed Document? vendor account/Correspondingaccount specifications bank statements outlined and proposed in the prospectus Whether shareholder approval has been obtained in case of material deviations#from No comments Applicable management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No No comments management issue has changed? Is there any major deviation observed over the earlier No No deviation observed No comments monitoring agency reports? Whether all Government/ statutory approvals related to Yes No comments the object(s) have been management obtained? Whether all arrangements pertaining to technical Yes No comments assistance/ collaboration are in management operation? Are there any favorable events As understood improving the viability of these Applicable management object(s)? management Are there any unfavorable As understood events affecting the viability of No management the object(s)? management As understood Is there any other relevant information that may materially management management Sensitivity Label : Public June2026 Source of information, Comments of Comments of the certifications considered by the Particulars Reply Monitoring Monitoring Agency for the Board of Agency preparation of report Directors affect the decision making of the investors? #Where material deviation is defined to mean: (a) Deviation in the objects or purposes for which the funds had been raised. (b) Deviation in the amount of funds utilizedby more than 10% of the amount specified in the offer document. 4. Details of the object(s) to be monitored. (i)Cost of object(s) Source of information, Directors Original certifications Comments cost (as per Revised considered by of the Particulars S.N. Item Head the offer cost Reason Proposed the Monitoring Monitoring of firm document) [Rs. Crore] for cost financing Agency for the Agency arrangement [Rs. Crore] revision option preparation of s made report Funding certain 1 capital expenditure of Prospectus 89.860 - comments Company Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of No 2 Prospectus 272.758 - equity, for funding comments the setting up of new manufacturing units at Karnal, Haryana Pre-payment/ re- payment, in part or full,of certain No 3 Prospectus 280.00 - outstanding comments borrowings availed by Company Investment in our wholly-owned Subsidiary, Oswal Solar, in the form of equity, for No 4 Prospectus 31.00 - repayment/prepaym comments ent, in part or full, of certain outstanding borrowings availed by Oswal Solar Sensitivity Label : Public June2026 General corporate No 5 Prospectus 167.896 - purposes Comments Total 841.514 - Sensitivity Label : Public June2026 (iii) Deployment of unutilizedproceeds: Market Value Amount Return on Type of instrument and name of the Earning as at the end S.N. invested Maturity date Investment entity invested in [Rs. Crore] of quarter [Rs. Crore] 1 Fixed Deposit with Axis Bank 51.403 30-Sep-26 2.272 6.40% 53.675 2 Fixed Deposit with Axis Bank 0.507 30-Jul-26 0.027 6.25% 0.534 3 Fixed Deposit with Axis Bank 3.000 30-Jul-26 0.161 6.30% 3.161 Fixed Deposit with State Bank of India for 4 Oswal Solar Energy Pvt ltd (Formerly 13.448 5-Dec-26 6.25% 13.448 known as Osw [Showing first 8,000 characters — download PDF for full document]