Oswal Pumps has acquired a 51% stake in Walso Solar Solution Private Limited, making the company its subsidiary as part of its strategy to strengthen its presence in the solar-powered pumping segment. The acquisition was completed on June 8, 2026, through the purchase of an additional 13,07,000 equity shares for a total consideration of ₹3.65 crore.
The shares, having a face value of ₹10 each, were acquired at an issue price of ₹28 per share through a rights issue. Following the transaction, Oswal Pumps now holds a controlling stake of 51% in Walso Solar Solution. The deal has been classified as a related-party transaction and was carried out on an arm’s-length basis.
Founded in April 2024, Walso Solar Solution operates in the manufacturing sector and specializes in mounting structures, balance of system (BOS) components, and other critical equipment used in turnkey solar pumping systems. The company has demonstrated strong growth, reporting a turnover of ₹170.27 crore in FY 2025-26, compared to ₹72.05 crore in the previous financial year.
The acquisition is expected to support Oswal Pumps’ efforts to enhance vertical integration across its solar pumping value chain. By bringing Walso Solar Solution under its operational umbrella, the company aims to improve supply chain efficiencies, optimize production costs, and strengthen its product development capabilities.
The move is also expected to enhance profitability by improving margins and ensuring greater control over the manufacturing of key components used in solar-powered pumping systems. As demand for renewable energy-based irrigation and water management solutions continues to grow, the acquisition positions Oswal Pumps to expand its capabilities and strengthen its market presence in the rapidly evolving solar infrastructure sector.
The acquisition is expected to strengthen Oswal Pumps’ position in the fast-growing solar pumping market by enhancing supply chain integration, reducing operational costs, and improving product innovation capabilities. With a growing presence in the renewable energy sector and a strong focus on solar-powered water pumping solutions, Oswal Pumps continues to expand its manufacturing ecosystem to support India’s clean energy and sustainable agriculture goals. The acquisition of Walso Solar Solution marks another step in the company’s strategy to build a more integrated and competitive solar pumping business.
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