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) Limited has scheduled an earnings conference call to discuss the unaudited financial results for the quarter ended June 30, 2026. The meeting is set for July 27, 2026, at 14:00 IST, providing investors an opportunity to review the company's Q1 FY27 performance directly with management.

Conference Call Details

The announcement, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the logistics for the interaction. Key management personnel, including the Chairman, Managing Director, and CFO, will be present to address queries.

Management Representatives

The call will feature several key executives from the company:

• Mr. Dinesh Patidar, Chairman
• Mr. Ramesh Patidar, Managing Director
• Mr. Ramakrishna Sataluri, Chief Executive Officer (Shakti Energy Solutions Limited)
• Mr. Dinesh Patel, Chief Financial Officer
• Mr. Ravi Patidar, Company Secretary & Compliance Officer

Dial-in Information

Participants can join the conference call using the universal or international toll-free numbers provided. The company advises dialing in 10 minutes prior to the scheduled start time to ensure timely connection.

For further information, stakeholders may contact Vikash Verma or Rohit Anand at Ernst & Young LLP.