Oswal Pumps Ltd

Oswal Pumps Limited informed the BSE Limited and National Stock Exchange of India Limited that Santhosh Kumar TE, General Manager - Export & Sales, has resigned from the company, effective August 31, 2026, citing personal circumstances.

Oswal Pumps Limited has secured a Letter of Award from North Bihar Power Distribution Company Limited (NBPDCL) to establish 20 MW of grid-connected rooftop solar projects across 18,089 consumer sites in Bihar's Darbhanga Circle, as part of the PM Surya Ghar – Muft Bijli Yojana (PMSG-MBY). The project, valued at approximately Rs 78 Crore (including GST), involves installing 1.1 kW solar plants per consumer and includes 10 years of operation and maintenance. This award, which translates into a cumulative revenue opportunity of approximately Rs 145 Crore, reinforces Oswal Pumps' presence in the state and supports India's clean energy transition.

Oswal Pumps Limited announced the re-appointment of Mr. Vivek Gupta as Chairman and Managing Director for a further period of 5 years, effective March 4, 2027, and the appointment of Mr. Vijay Kumar Yadav as Chief Financial Officer, effective August 8, 2026, according to a regulatory filing on Monday. Mr. Gupta, a promoter of the company, was first appointed to the board on September 22, 2006, while Mr. Yadav previously served as Chief Financial Officer at Duroply Industries Limited and held senior finance leadership positions at Gold Plus Glass Industry Limited, Wires, Fabriks (S.A.) Limited, and Texplas Group of Companies.

Oswal Pumps Limited announced the re-appointment of Mr. Vivek Gupta as Chairman and Managing Director for a further period of 5 years, effective March 4, 2027, and the appointment of Mr. Vijay Kumar Yadav as Chief Financial Officer, effective August 8, 2026, according to a regulatory filing on Monday. Mr. Gupta, a promoter of the company, was first appointed to the board on September 22, 2006, while Mr. Yadav previously served as Chief Financial Officer at Duroply Industries Limited and held senior finance leadership positions at Gold Plus Glass Industry Limited, Wires, Fabriks (S.A.) Limited, and Texplas Group of Companies.

Oswal Pumps Limited will hold a board meeting on Saturday, August 08, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing. The company also reiterated that the trading window for its Designated Persons, including Promoters, Directors, Key Managerial Personnel, Designated Employees and other Connected Persons, will remain closed until Monday, August 10, 2026.

The order covers the design, manufacture, supply, transportation, installation, testing, and commissioning of 3 HP, 5 HP, and 7.5 HP off-grid DC solar photovoltaic water pumping systems at identified farmers' sites across Maharashtra. The contract also includes a comprehensive five-year system warranty, repair and maintenance services and a Remote Monitoring System (RMS) under the PM Kusum B Scheme, Magel Tyala Saur Krushi Pump Yojana. The total value of the order is approximately Rs 235.92 crore, including GST. The company said the installation of the systems is to be completed within 60 days from the issuance of the Notice to Proceed (NTP) or work order. The company clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the deal. Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the 'Oswal' brand. The company's consolidated net profit jumped 43.9% to Rs 91.95 crore on a 39.8% increase in revenue from operations to Rs 509.74 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

According to the company, Kumar submitted his resignation letter on 27 May 2026. The board of directors has accepted his resignation, and he was relieved from his duties effective at the close of business hours on 20 June 2026. Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the 'Oswal' brand. The company's consolidated net profit jumped 43.9% to Rs 91.95 crore on a 39.8% increase in revenue from operations to Rs 509.74 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

The orders were awarded by North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL). The projects involve setting up 63 MW of grid-connected rooftop solar capacity across the Motihari, Saharsa and Ara circles. The installation order is valued at about Rs 247 crore. The company expects additional revenue of around Rs 257 crore over 10 years from power supply under the RESCO (Renewable Energy Service Company) model. The total revenue opportunity exceeds Rs 500 crore. The projects cover 57,492 consumer installations. They include design, engineering, procurement, installation, commissioning, financing and maintenance. Oswal Pumps said the systems will be commissioned within nine months of signing the power purchase agreements. The company said the order strengthens its presence in the rooftop solar segment and expands its business beyond the PM Kusum programme. Oswal Pumps is one of India's fastest-growing, vertically integrated solar pump manufacturer. 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. On a consolidated basis, Oswal Pumps' net profit rose 44.80% to Rs 92.53 crore while net sales rose 39.79% to Rs 509.74 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

The company said the contracts were awarded by North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL) and cover 57,492 consumer installations across the Motihari, Saharsa and Ara circles. The projects comprise an installation order value of around Rs 247 crore and are expected to generate an additional Rs 257 crore in revenue from energy supply over a 10-year period. The cumulative revenue opportunity from the projects exceeds Rs 500 crore. The development strengthens Oswal Pumps' presence beyond its traditional PM Kusum-linked business and supports its strategy to diversify into large-scale residential rooftop solar deployment under the PM Surya Ghar programme. The company said the projects would enhance long-term revenue visibility through annuity-style income streams under the Renewable Energy Service Company (RESCO) model while reducing dependence on PM Kusum-driven demand. Under the programme, beneficiary households are expected to receive nearly 15,000 units of solar power over the contract period, helping lower dependence on conventional grid supply and reducing electricity costs. The projects will be executed under a CAPEX-plus-RESCO model, with Oswal Pumps responsible for design, engineering, procurement, installation, commissioning, financing, and operations and maintenance for a period of 10 years. The company expects all installations to be commissioned within nine months from the execution of the power purchase agreements (PPAs). Commenting on the orders, Vivek Gupta, Chairman and Managing Director, Oswal Pumps, said 'This award represents a pivotal milestone for Oswal Pumps as we scale our participation in the PM Surya Ghar programme and strengthen our position in the distributed solar ecosystem. It not only underscores our execution capabilities but also marks a strategic shift towards diversifying revenue streams beyond PM Kusum. We remain committed to delivering high-quality installations and supporting India's transition toward clean, decentralised energy.' Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, and solar modules, which it sells under the 'Oswal' brand. The company's consolidated jumped 43.9% to Rs 91.95 crore on 39.8% increase in revenue from operations to Rs 509.74 crore in Q4 FY26 over Q4 FY25. Shares of Oswal Pumps soared 6.81% to end at Rs 398.35 on the BSE.Powered by Capital Market - Live

Net profit of Oswal Pumps rose 44.80% to Rs 92.53 crore in the quarter ended March 2026 as against Rs 63.90 crore during the previous quarter ended March 2025. Sales rose 39.79% to Rs 509.74 crore in the quarter ended March 2026 as against Rs 364.64 crore during the previous quarter ended March 2025. For the full year,net profit rose 34.09% to Rs 376.28 crore in the year ended March 2026 as against Rs 280.61 crore during the previous year ended March 2025. Sales rose 44.33% to Rs 2064.39 crore in the year ended March 2026 as against Rs 1430.31 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales509.74364.64 40 2064.391430.31 44 OPM %23.1727.11 -24.8929.35 - PBDT115.5386.61 33 500.17380.54 31 PBT111.0982.23 35 483.71367.74 32 NP92.5363.90 45 376.28280.61 34 Powered by Capital Market - Live