NSEPress Release4 Jul 2026 · 4 Jul 2026, 08:02 pm

Press Release

Oswal Pumps Limited · OSWALPUMPS

✦ AI Summary▲ PositiveOrder Win

Oswal Pumps Limited has received an additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems worth ₹235.92 crore under the PM Kusum B Scheme.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Oswal Pumps Limited has informed the Exchange regarding a press release dated July 04, 2026, titled " Oswal Pumps Secures Additional Order for 10,000 Solar Pumps from MSEDCL Worth Rs. 235.92 Cr".

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OSWALPUMPS_04072026200159_SELetterPMKusumOPL04072026.pdf

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July 04, 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’) - Awarding of Order Dear Sir/ Madam, Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Company has received communication from Maharashtra State Electricity Distribution Company Limited for additional 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (‘SPWPS’) which is to be executed within 60 days under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna. The total value of 10,000 SPWPS is Rs. 235.92 Crore approx. (including GST). In this respect, information as required under the Listing Regulations and the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided under Annexure ‘A’. Further, please also find enclosed Press Release dated July 04, 2026 in this behalf, being issued by the Company for dissemination to the public. You are requested to take the same on records. Thanking you, Yours faithfully, For Oswal Pumps Limited Anish Kumar Company Secretary and Compliance Officer Encl.: As above Annexure A S. No. Particulars Details 1. Name of the entity awarding Maharashtra State Electricity Distribution Company the order(s)/contract(s) Limited 2. Whether order(s) / contract(s) Domestic entity have been awarded by domestic/ international entity 3. Significant terms and conditions Design, Manufacture, Supply, Transport, Installation, of order(s)/contract(s) awarded, Testing and Commissioning of Off-Grid DC Solar in brief Photovoltaic Water Pumping Systems (‘SPWPS’) of 3HP, 5 HP & 7.5 HP capacity at identified farmer’s site in District of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System (‘RMS’) for 5 years under PM Kusum B Scheme “Magel Tyala Saur Krushi Pump” Yojana. 4. Time period if any, associated The Installation is be completed within 60 days from with the order(s)/contract(s) the date of issuance of Notice to Proceed (NTP)/ Work Order. 5. Broad commercial consideration Rs. 235.92 Crore approx. (including GST) or size of the order(s)/contract(s) 6. Whether the promoter/ promoter No group / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof 6. Whether the order(s)/contract(s) No would fall within related party transactions? If yes, whether the same is done at “arm’s length” Oswal Pumps Secures Additional Order for 10,000 Solar Pumps from MSEDCL Worth ₹235.92 Cr Karnal, Haryana, 4th July 2026: Oswal Pumps Limited is pleased to announce that it has received an additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna for the supply and installation of 10,000 Off- Grid Solar Photovoltaic Water Pumping Systems, with a total order value of ₹ 235.92 crore (inclusive of GST). The Order encompasses the design, manufacture, supply, 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. Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said "We are delighted to receive this additional order for 10,000 solar pumps, which reflects the strong and enduring partnership we have built with MSEDCL driving Maharashtra's solar irrigation mission. This repeat order underscores the trust our customers place in Oswal Pumps and stands as a testament to our consistent execution, timely deliveries, and unwavering commitment to quality across every project we undertake. With this latest award, our cumulative order book under various solar pumping schemes continues to expand, further reinforcing Oswal Pumps' position as one of India's leading partners for large-scale solar water pumping solutions.” 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, growing international footprint across countries, 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. For further information, please contact: Anish Kumar Company Secretary and Compliance Officer Email: investorrelations@oswalpumps.com