Event Details

Ordinary Business Agenda

1. To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors

2. To declare a Final Dividend of ₹1/- (10%) per equity share of face value ₹10/- each for FY ended March 31, 2026

3. To appoint Mr. Ramakrishna Sataluri (DIN: 08903553) who retires by rotation and offers himself for re-appointment

Special Business Agenda

4. Re-appointment of Mr. Dinesh Patidar (DIN: 00549552) as Chairman cum Whole Time Director for three years effective May 07, 2026

  • Proposed remuneration: ₹21 crores per annum (₹1.75 crores monthly basic salary)
  • Additional perquisites: Medical benefits, personal accident insurance (₹50 lakhs sum assured), company car with driver, PF contributions, gratuity
  • Minimum remuneration payable even if company has no profits or inadequate profits

5. Re-appointment of Mr. Ramesh Patidar (DIN: 00931437) as Managing Director for three years effective May 07, 2026

  • Proposed remuneration: ₹2.20 crores per annum (₹13.75 lakhs monthly basic salary + ₹55 lakhs annual incentive)
  • Additional allowances: ₹5 lakhs per annum for education allowance
  • Perquisites: Medical benefits, company car with driver, PF contributions, gratuity, personal accident insurance

6. Revision in remuneration of Mr. Sunil Patidar (DIN: 02561763), Whole Time Director effective May 07, 2026

  • Revised remuneration: ₹24 lakhs per annum (₹2 lakhs monthly basic salary)
  • Additional allowances: ₹5 lakhs per annum for education allowance
  • Perquisites: Medical benefits, company car with driver, PF contributions, gratuity, personal accident insurance

7. Ratification of remuneration payable to Cost Auditors for FY 2026-27

  • M/s. M. P. Turakhia & Associates, Cost Accountants (Firm Registration No. 000417)
  • Remuneration: ₹88,000/- per annum plus applicable GST and out-of-pocket expenses

Financial Performance Data (Standalone)

The explanatory statement provides historical financial performance:

  • FY2022: Sales ₹1124.05 Cr, Operating Profit ₹82.24 Cr, PBT ₹68.67 Cr, PAT ₹55.59 Cr
  • FY2023: Sales ₹923.36 Cr, Operating Profit ₹47.55 Cr, PBT ₹30.10 Cr, PAT ₹23.98 Cr
  • FY2024: Sales ₹1292.20 Cr, Operating Profit ₹176.39 Cr, PBT ₹158.69 Cr, PAT ₹117.16 Cr
  • FY2025: Sales ₹2479.10 Cr, Operating Profit ₹569.37 Cr, PBT ₹529.39 Cr, PAT ₹393.63 Cr
  • FY2026: Sales ₹2643.11 Cr, Operating Profit ₹387.39 Cr, PBT ₹336.73 Cr, PAT ₹243.79 Cr

Dividend Details

If declared at AGM, dividend of ₹1 per share will be paid/dispatched within 30 days from AGM date to members/beneficial owners as of Wednesday, July 29, 2026.

Voting Arrangements

  • Remote e-voting period: Saturday, August 01, 2026 (9:00 A.M.) to Tuesday, August 04, 2026 (5:00 P.M.)
  • Cut-off date for voting eligibility: Wednesday, July 29, 2026
  • E-voting facilitated through CDSL platform
  • Physical attendance dispensed with due to VC/OAVM meeting

Director Details

  • Mr. Dinesh Patidar: Graduate, 40+ years experience, holds 2,26,45,600 shares via Shakti Sons trust
  • Mr. Ramesh Patidar: Post Graduate, 27+ years experience, holds 4,61,088 shares
  • Mr. Ramakrishna Sataluri: Post Graduate, 37+ years experience, no shareholding
  • Mr. Sunil Patidar: Industrialist, 30+ years experience, remuneration details provided

Foreign Subsidiaries

The company has three foreign subsidiaries:

  • Shakti Pumps USA, LLC
  • Shakti Pumps FZE, UAE
  • Shakti Pumps (Bangladesh) Limited