Shakti pumps (India) Limited has issued a formal response to the BSE regarding inquiries about a significant increase in trading volume of its securities. The company addressed the exchange's clarification request through an official communication dated 12/03/2026.

Company's Response to BSE Inquiry

In its response to the Corporate Relationship Department of BSE Limited, Shakti Pumps emphasized its compliance with regulatory disclosure requirements. Company Secretary Ravi Patidar, who signed the communication, stated that the company has made all necessary disclosures on a timely basis pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points from the Clarification

The company's response covered several important aspects:

Market Movement Attribution

Shakti Pumps clarified that the significant increase in share volume is "absolutely based on market driven" factors. The company confirmed that investors have access to all relevant information about the company and stated there is no undisclosed information that may have a bearing on the price or volume movement in the scrip.

Regulatory Compliance Statement

The company emphasized that it has not retained any material information or events that could affect the price or volume of its shares. This statement reinforces the company's position that the recent trading activity is purely market-driven and not influenced by any undisclosed corporate developments.

The communication concluded with the company requesting BSE to take the clarification on record and acknowledge receipt of the same, following standard corporate communication protocols with stock exchanges.

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.