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.

Shakti Sons Trust acquired 12,400 equity shares of Shakti Pumps (India) Limited through open market transactions on September 11, 2026. The acquisition increases the trust’s total stake in the listed pump manufacturer to 2,26,67,000 shares.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shakti Sons Trust is identified as part of the promoter/promoter group of the target company. The filing confirms that no warrants, convertible securities, or other instruments entitling the acquirer to voting rights were involved in the deal.

Shareholding Structure

Prior to this acquisition, Shakti Sons Trust held 2,26,54,600 shares, representing 18.36% of the total share capital and voting rights of Shakti Pumps. The newly acquired 12,400 shares account for an additional 0.01% stake in the company.

Following the purchase, the trust’s aggregate holding stands at 2,26,67,000 shares, translating to a 18.37% ownership stake both on a fully diluted basis and with respect to total voting capital. The disclosure notes that none of the shares held by the trust are encumbered via pledge, lien, or non-disposal undertakings.

Capital Details

The total equity share capital of Shakti Pumps remains unchanged at ₹123,39,79,650, comprising 12,33,97,965 equity shares of ₹10 face value each. The acquisition did not alter the company’s total voting capital or diluted share capital structure.

The disclosure was signed by Dinesh Patidar, Trustee of Shakti Sons Trust, from Indore. The filing was submitted to both the National Stock Exchange of India Ltd and BSE Limited for record purposes.