Oswal Pumps has clarified that the Large Corporate framework under SEBI‘s Master Circular for debt issuance does not apply to the company. The declaration, submitted to both the BSE and NSE on 23 April 2026, confirms that the company does not meet the criteria specified in Para 1.2 of Chapter XII of SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137, issued on 15 October 2025.
The circular in question governs fund raising through the issuance of debt securities by Large Entities and sets out related compliance requirements. By declaring its non-applicability, Oswal Pumps has clarified that it falls outside the Large Entity classification for regulatory purposes.
Company Secretary and Compliance Officer Anish Kumar and Chief Financial Officer Subodh Kumar signed the declaration on behalf of Oswal Pumps. The announcement has been filed with both stock exchanges where the company’s shares trade under the scrip code 544418.
This declaration provides clarity to investors and stakeholders regarding the regulatory framework applicable to the company’s debt raising activities, ensuring compliance with current SEBI guidelines.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).