Shakti Pumps (India) Limited has issued a postal ballot notice to shareholders seeking approval for a key board appointment through remote e-voting. The company is proposing the appointment of Mrs. Bela Bharatendu Jani as Non-Executive Woman Independent Director for a term of 2 years.

Postal Ballot Details

The company has announced that the postal ballot will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed to shareholders. The voting process has been structured with specific timelines and procedures.

Director Appointment Proposal

The special resolution seeks approval for appointing Mrs. Bela Bharatendu Jani (DIN: 11539694) as Additional cum Non-Executive Woman Independent Director. The Board of Directors had already appointed her with effect from February 13, 2026, subject to shareholder approval.

Professional Background

Mrs. Jani brings extensive experience in the renewable energy sector to the board. She is a retired Executive Engineer from Gujarat State Electricity Corporation Limited with 37 years of experience in renewable energy, particularly in the solar sector. Her expertise covers:

• Project planning and implementation from conceptualization to commissioning
• Procurement systems and inventory control
• Management Information Systems including GEM Portal and SAP/ERP
• Tendering and vendor selection processes
• Coordination with Central Government agencies

She holds a Bachelor's degree in Electronics Engineering and currently works as a Renewable Energy Consultant. The Nomination and Remuneration Committee has identified her diverse skills in renewable energy, strategic planning, business development, and relationship management as valuable additions to the board.

Voting Process and Compliance

The postal ballot notice has been issued in compliance with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. Only shareholders whose names appear in the register of members as on the cut-off date of February 13, 2026, are entitled to vote. The company is using Central Depository Services (India) Limited (CDSL) as the e-voting service provider.

Shareholders can access the e-voting facility through multiple channels including their demat accounts with CDSL/NSDL, depository participant websites, or directly through the CDSL e-voting portal. The company has made arrangements for shareholders to register their email addresses if not already updated with the company or depositories.

Corporate Governance Enhancement

The appointment aligns with the company's commitment to strengthening its board composition with independent directors who bring specialized expertise. Mrs. Jani has provided all required declarations confirming her independence and eligibility for the position. She currently holds no shareholding in the company and has no other directorships.

The Board recommends the special resolution for shareholder approval, emphasizing that Mrs. Jani's expertise in renewable energy and strategic planning will benefit the company's operations and growth initiatives.

Shakti Pumps (India) Limited has released the complete official transcript of its quarterly earnings conference call held on February 14, 2026, providing comprehensive insights into the company's Q3FY26 financial performance and strategic decisions.

Conference Call Overview

The earnings conference call was conducted on Saturday, February 14, 2026, at 14:00 P.M. IST, moderated by Ernst & Young LLP. The discussion covered the company's unaudited financial results for both the quarter and nine months ended December 31, 2025.

Key Management Highlights

Managing Director Ramesh Patidar emphasized that Q3FY26 was "a quarter of deliberate and disciplined choice" where the company consciously moderated execution, particularly in Maharashtra, to address elevated receivable levels and protect balance sheet strength. The company temporarily paused execution of orders worth approximately ₹200 crores during the quarter.

Financial Performance Factors

Several factors impacted margins during the quarter, as outlined by management:

Business Segments Performance

The company reported strong performance in specific segments during the nine-month period. Export business remained resilient with revenue of ₹307 crores in 9MFY26 and ₹105 crores in Q3FY26. The retail business showed significant growth of 25% year-on-year, while cash sales demonstrated robust expansion of 68% year-on-year growth to ₹66.60 crores.

Strategic Developments

Management discussed several strategic initiatives during the call. The solar rooftop business is expanding its dealer network and positioning for meaningful contribution post-commissioning of the 500-megawatt DCR module capacity in Q1FY27. The company expects execution momentum to improve significantly in Q4FY26, anticipating it to be the highest revenue quarter ever.

Regulatory Compliance

The transcript release was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Ravi Patidar digitally signed the official communication on February 19, 2025, addressing both the National Stock Exchange of India Ltd. and BSE Limited to ensure complete transparency for all stakeholders.