Shakti Pumps (India) Limited has invested Rs 5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, to expand the electric vehicle business. The investment was made on July 17, 2026, through the subscription of 50,00,000 equity shares with a face value of Rs 10 each. Following this infusion, the consolidated investment in the subsidiary stands at Rs 70 crore.

Shakti EV Mobility Private Limited is engaged in the manufacturing of electric vehicle motors and chargers for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles. The entity was incorporated on December 16, 2021, and operates solely in India. As of March 31, 2026, the subsidiary reported a total asset size of Rs 12,857.28 lakh.

Investment Details

The following table summarises the key parameters of the investment transaction:

The transaction was conducted at arm's length and does not qualify as a related party transaction. No specific governmental or regulatory approvals were required for the investment, and the consideration was paid in cash.

Financial Performance of Shakti EV Mobility

The subsidiary has demonstrated significant revenue growth over recent fiscal years. Turnover rose from Rs 430.09 lakh in FY 2024, before moderating to Rs 372.73 lakh in FY 2025, and then surging sharply to Rs 2,425.41 lakh in FY 2026.

Shakti Pumps (India) Ltd has fixed Wednesday, July 29, 2026, as the record date to determine shareholder eligibility for its 31st Annual General Meeting (AGM) and the payment of a final dividend. The Board has recommended a final dividend of ₹1 per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to approval by members. The meeting is scheduled for Wednesday, August 05, 2026, at 11:30 A.M. IST through Video Conferencing (VC) and Other Audio Visual Means (OAVM).

The AGM will transact ordinary business, including the adoption of audited standalone and consolidated financial statements for FY26 and the declaration of the final dividend. Shareholders will also consider the re-appointment of Mr. Ramakrishna Sataluri (DIN: 08903553), who retires by rotation. Among the key special business items, the meeting will seek approval for the re-appointment of Mr. Ramesh Patidar as Managing Director for a term of three years effective May 07, 2026. The AGM will also consider the re-appointment of Mr. Dinesh Patidar as Chairman cum Whole Time Director for a term of three years effective May 07, 2026, along with a revision in the remuneration of Mr. Sunil Patidar, Whole Time Director, to ₹24 lakh per annum.

Key Event Details

The following table outlines the critical dates and purposes for the upcoming corporate actions:

The notice confirms that the dividend, if approved, will be paid or dispatched within 30 days from the date of the AGM to members whose names appear on the register of members or list of beneficial owners as of the record date. The company has also ratified the remuneration payable to cost auditors M/s. M. P. Turakhia & Associates for FY27 at ₹88,000 per annum plus applicable taxes.