Shakti Pumps (India) Limited has made an investment of ₹10,00,00,000 (Rupees Ten Crores Only) in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). The investment is being made in consideration of equity shares in SESL.
Subsidiary Details
Shakti Energy Solutions Limited is engaged in manufacturing of solar structures and deals in solar rooftop systems. The company was incorporated on 6th September 2010. The subsidiary is establishing a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW.
Financial Performance of Subsidiary
The turnover of Shakti Energy Solutions Limited for the previous three financial years is as follows:
- FY 2026: ₹239.11 Crores
- FY 2025: ₹216.53 Crores
- FY 2024: ₹139.59 Crores
Transaction Details
- Investment Amount: ₹10.00 Crores
- Consideration: Equity shares in SESL
- Transaction Type: Investment in wholly owned subsidiary
- Related Party Status: Does not qualify as related party transaction
- Arm's Length Basis: Not applicable since it's a wholly owned subsidiary
- Government Approvals: No government or regulatory approvals required
- Completion Timeframe: Same day (completed immediately)
Shareholding Impact
The equity shares will be issued time to time as per the agreement between Shakti Pumps and its subsidiary. Since SESL is already a wholly owned subsidiary, the investment maintains the existing ownership structure.