en.Wedoany.com Reported - Oswal Pumps has completed the acquisition of Wosso Solar Solutions Private Limited, purchasing an additional 1.307 million shares (face value INR 10 each) for INR 36.6 million, making Wosso Solar its subsidiary.

According to the company's filing with regulatory authorities, through this latest acquisition, Oswal Pumps now holds 51% of the paid-up equity capital of Wosso Solar Solutions Private Limited. These additional shares were acquired through a rights issue. Previously, Wosso Solar was an associate company of Oswal Pumps. Oswal Pumps acquired 4.5% of the company's shares on April 8, 2026, and has now further acquired an additional 8% stake.

Oswal Pumps stated that Wosso Solar Solutions Private Limited became its subsidiary from the date of acquisition. The paid-up capital of Wosso Solar after the rights issue is INR 93.1 million, and it achieved a turnover of approximately INR 1.70265 billion in the fiscal year 2025-26.

Oswal Pumps operates with a vertically integrated business model, covering the manufacturing of pump components and solar modules for solar pumps. Wosso Solar specializes in the manufacturing of mounting structures, balance of system (BOS) components, and other key equipment for turnkey solar pump systems. This acquisition further strengthens Oswal Pumps' capabilities.

This integration brings advantages such as designing and developing new products, optimizing operational costs, and improving profit margins.

The acquisition constitutes a related party transaction, but the promoters, promoter group, and group companies hold no interest in the target entity. One member of the promoter group, Narinder Nath Goela, holds a 4.30% stake in Wosso Solar (post-acquisition).

Wosso Solar Solutions Private Limited was incorporated on April 23, 2024, under the Companies Act, 2013, with its primary business being the manufacturing of mounting structures, BOS components, and key components for turnkey solar pump systems. The company's historical financial data shows a turnover of INR 720.54 million in the fiscal year 2024-25, which increased to INR 1.70265 billion in the fiscal year 2025-26.

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