Shakti Future Trust acquired 10,000 equity shares of Shakti Pumps (India) Limited through an open market transaction on September 16, 2026.

The acquisition brings the trust’s total holding to 90,26,000 shares, representing a 7.32% stake in the company’s total voting capital. The trust is identified as part of the promoter group.

Transaction Details

The purchase was executed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved only equity shares carrying voting rights, with no encumbrances or convertible securities involved.

What the Numbers Show

The acquisition represents a marginal increase in the promoter group’s stake. The trust’s holding rose by just 0.01 percentage points, moving from 7.31% to 7.32%. This incremental addition suggests routine portfolio management rather than a strategic shift in ownership structure, as the total equity share capital of the company remained unchanged at ₹123,39,79,650.

Shakti Pumps (India) Limited has invested ₹11 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to establish a greenfield solar manufacturing facility.

The investment, disclosed on September 14, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, targets the setup of a high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The facility is designed with a production capacity of 2.20 GW.

Subsidiary Financial Profile

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

The turnover rose from ₹139.59 crore in FY24 to ₹216.53 crore in FY25, before reaching ₹239.11 crore in FY26. This trajectory indicates an expansion in the subsidiary's operational scale prior to this capital injection for module manufacturing.

Transaction Details

The company executed the investment via cash consideration by subscribing to equity shares of the target entity. As Shakti Energy Solutions Limited is a wholly owned subsidiary, the transaction does not qualify as a related party transaction, rendering arm’s length pricing requirements inapplicable. No government or regulatory approvals are required for this acquisition, which was completed on the same day as the disclosure.

What the Numbers Show

The ₹11 crore investment represents approximately 4.6% of Shakti Energy Solutions Limited’s FY26 turnover of ₹239.11 crore. This capital infusion supports a strategic pivot from structural components to higher-value cell and module manufacturing, leveraging the subsidiary’s existing revenue base to expand into integrated solar product lines.