Oswal Pumps Completes Acquisition of Walso Solar Solution, Gains Control and Vertical Integration
Oswal Pumps Limited has completed the acquisition of additional equity shares in Walso Solar Solution Private Limited, officially making the solar technology entity a subsidiary of the company. This move strengthens Oswal Pumps’ operational capabilities and integration within the pumping systems industry.The acquisition involved the purchase of 13,07,000 Equity Shares of Walso Solar Solution Private Limited, an associate company. The total consideration paid for these shares was Rs. 3,65,96,000/- (Rupees Three Crore Sixty Five Lakh Ninety Six Thousand Only).
Following the transaction, Oswal Pumps now holds 8% equity shareholding in Walso Solar Solution Private Limited. This increase comes after the company had initially acquired a 4.5% stake on April 08, 2026. The acquisition has transformed Walso Solar Solution Private Limited into a subsidiary of Oswal Pumps.
Strategic and Financial Details
The transaction utilized a cash consideration structure. The shares being acquired have a face value of Rs. 10/- each and were purchased at an issue price of Rs. 28/-.Walso Solar Solution Private Limited, which is engaged in the manufacturing of mounting structures, BOS (Balance of System) and essential components for Turnkey Solar Pumping Systems, generated a turnover of INR 1702.65 Million for FY 2025-26. Prior financial performance included turnovers of INR 720.54 Million for FY 2024-25 and data was unavailable for FY 2023-24.
The acquisition is noted as a Related Party Transaction, conducted at arm's length. One Promoter Group member of Oswal Pumps holds a 4.30% equity share capital in Walso Solar Solution Private Limited post the current acquisition.
Oswal Pumps stated that this strategic move aligns with their vertically integrated operations. The company manufactures components for its pumps and produces solar modules for solar-powered pumps. Through Walso Solar Solution, Oswal Pumps benefits from specialized capabilities in manufacturing mounting structures and essential components for Turnkey Solar Pumping Systems. This integration aims to optimize operational costs, improve margins, and facilitate the design and development of new products.
Key details regarding the acquisition are summarized below:
| Metric | Detail |
|---|---|
| Target Company | Walso Solar Solution Private Limited |
| Industry | Manufacturing (mounting structures, BOS for Turnkey Solar Pumping Systems) |
| Shares Acquired | 13,07,000 Equity Shares |
| Face Value per Share | Rs. 10/- |
| Total Consideration | Rs. 3,65,96,000/- |
| New Stake of Oswal Pumps | 8% |
| Target Turnover (FY 2025-26) | INR 1702.65 Million |
OSWALPUMPS Stock Price Movement
Oswal Pumps Limited shares shed value in the market, closing down 4.23% and settling at ₹396.30 today. The stock concluded trading with notable activity, recording a total traded volume of 485,334 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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