Postal Ballot notice for Composite Scheme and Form PAS-1
OSWALPUMPS · price
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.0 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Oswal Pumps sent a Postal Ballot notice to shareholders seeking approval for: (a) a Composite Scheme of Arrangement to transfer its solar park and energy storage investments into wholly owned subsidiary Oswal Greens Limited, with shareholders getting Oswal Greens shares in 1:1 ratio free of cost, and (b) a Form PAS-1 Special Resolution to vary terms of contracts mentioned in the Prospectus. Record date is October 17, 2026. E-voting runs from October 13 to November 11, 2026 via NSDL. Notice published in Financial Express and Jansatta.
Shareholders vote by Nov 11, 2026. If approved, Oswal Greens shares allotted free at 1:1 to Oswal Pumps shareholders, changing the group structure.