Shakti Sons Trust, a promoter group entity, has increased its stake in Shakti Pumps (India) Ltd by acquiring 9,000 equity shares through open market transactions. The acquisition, which took place on June 16, 2026, raises the trust's total holding to 18.36% of the pump manufacturer's paid-up share capital.

The disclosure was submitted to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dinesh Patidar, the Trustee of Shakti Sons Trust, signed the filing confirming the transaction details.

Prior to this acquisition, the trust held 2,26,45,600 shares, accounting for 18.35% of the total voting capital. Following the purchase of the additional 9,000 shares, the total shareholding has risen to 2,26,54,600 shares. The shares were acquired on the National Stock Exchange of India Ltd and BSE Limited, where the company is listed.

The total equity share capital of Shakti Pumps (India) Ltd stands at Rs. 123,39,79,650, comprising 12,33,97,965 equity shares of Rs. 10 each. The diluted share capital remains unchanged as there are no outstanding convertible securities or warrants. The trust does not hold any shares under encumbrance, nor does it hold voting rights through instruments other than equity shares.

Shareholding Details

Shakti Pumps (India) Limited will invest ₹10 Crores in its wholly-owned subsidiary, Shakti Energy Solutions Limited, to establish a greenfield manufacturing plant in Pithampur, Madhya Pradesh. The facility will produce Solar DCR cells and PV modules with a production capacity of 2.20 GW, expanding the subsidiary's operations beyond solar structures and rooftops. The investment aims to strengthen domestic manufacturing capabilities in the renewable energy sector.

Investment and Subsidiary Details

Shakti Energy Solutions Limited, incorporated on September 6, 2010, is a wholly-owned subsidiary of Shakti Pumps (India) Limited. The subsidiary reported a turnover of ₹239.11 Crores in FY26, up from ₹216.53 Crores in FY25 and ₹139.59 Crores in FY24. The company currently manufactures solar structures and deals in solar rooftop solutions. The new investment of ₹10 Crores will be made in consideration of equity shares issued to the parent company.

Project Parameters

The following table outlines the key details of the investment and the proposed facility:

Regulatory and Transaction Status

The transaction does not constitute a related party transaction as the target entity is a wholly-owned subsidiary. Consequently, the arm's length basis is not applicable. No specific governmental or regulatory approvals are required for this acquisition, which is expected to be completed on the same day as the investment announcement.