Shakti Brothers Trust has acquired 11,800 equity shares of Shakti Pumps (India) Limited, increasing its stake in the listed pump manufacturer.

The acquisition brings the trust's total holding to 93,97,000 shares, representing 7.62% of the company's total share and voting capital. The trust, identified as part of the promoter group, made the disclosure pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

Before the transaction, Shakti Brothers Trust held 93,85,200 shares, constituting 7.61% of the total capital. The purchase of 11,800 shares represents an incremental increase of 0.01% in its stake.

The disclosure confirms that there are no encumbrances, pledges, or liens on the shares held by the trust. Additionally, the trust holds no warrants, convertible securities, or other instruments that entitle it to receive further shares carrying voting rights in the target company.

Regulatory Compliance

The disclosure was submitted to the National Stock Exchange of India Ltd and BSE Limited on September 8, 2026. Sunil Patidar, Trustee of Shakti Brothers Trust, signed the filing. The trust's registered office is located in Indore, Madhya Pradesh.

Shakti Pumps has invested ₹11 crore in its wholly owned subsidiary Shakti Energy Solutions to establish a 2.20 GW greenfield solar cell and PV module manufacturing facility in Pithampur, Madhya Pradesh.

Investment details

The capital infusion is directed toward building a dedicated manufacturing plant for high-efficiency Solar DCR cells and photovoltaic modules. The facility, located in Pithampur, Madhya Pradesh, will be housed under Shakti Energy Solutions Limited (SESL), a wholly owned subsidiary of Shakti Pumps (India) Limited.

The investment was made via cash consideration by subscribing to equity shares of the target entity. The transaction does not fall under related party transactions as SESL is a wholly owned subsidiary.

Subsidiary performance

Shakti Energy Solutions Limited, incorporated on September 6, 2010, manufactures solar structures and deals in solar rooftop solutions. The subsidiary has shown consistent revenue growth over the past three years.

Key highlights

The investment underscores Shakti Pumps' push into solar energy manufacturing through its subsidiary. With a planned capacity of 2.20 GW, the new facility is positioned to support the broader solar energy supply chain, covering both solar cell and PV module production.