Solar pumps manufacturer completed acquisition of Oswal Solar Structure Pvt Ltd for Rs 303,75,83,018, consolidating 100% ownership!

Oswal Pumps Limited has announced the completion of a significant acquisition. The company acquired 5,23,72,121 equity shares of Oswal Solar Structure Private Limited, a wholly-owned subsidiary, for a total cash consideration of Rs 3,03,75,83,018. This acquisition was facilitated through an allotment under a rights issue, aligning with the objects of the offer disclosed in Oswal Pumps' Prospectus dated June 17, 2025. Oswal Solar Structure Private Limited, incorporated on January 21, 2022, is engaged in the manufacturing of solar modules and operates a facility in Karnal, Haryana. The subsidiary's turnover for FY 2024-25 was Rs 452.25 crore, a substantial increase from Rs 59.32 crore in FY 2023-24 and no turnover in FY 2022-23.

This transaction reinforces Oswal Pumps Limited's commitment to its disclosed objectives. Oswal Solar Structure Private Limited remains a wholly-owned subsidiary of Oswal Pumps Limited, with its paid-up equity share capital (post-allotment) now standing at Rs 64,87,21,210. The acquisition is not a related party transaction and did not require any governmental or regulatory approvals, given Oswal Solar Structure Private Limited's existing status as a wholly-owned subsidiary. The strategic investment in its solar module manufacturing arm is expected to further strengthen Oswal Pumps Limited's position in the manufacturing industry within India.

About the Company

Oswal Pumps Limited, established in 2003, is a prominent Indian manufacturer and distributor of a wide array of pumps, specialising in vertically integrated solar pump solutions. The company produces and distributes 'Oswal' branded solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors and solar modules. Oswal Pumps is a key player in the PM Kusum Scheme, holding a 38 per cent market share with 0.23 million pumps supplied. Their main manufacturing facility in Karnal, Haryana, boasts significant capacities for stainless steel and cast-iron pumps and motors, as well as solar modules.

The majority of their revenue, 87 per cent, is generated through the PM Kusum Scheme, with significant geographical presence in Maharashtra and Haryana. The company also maintains a robust distribution network of 925 distributors and 248 exclusive retail outlets across India, alongside exports to 22 countries. The company has a market cap of over Rs 8,700 crore and the stock is up by 35 per cent from its 52-week low of Rs 580 per share.

Disclaimer: The article is for informational purposes only and not investment advice.