Nature of the Event

Shakti Pumps (India) Limited has made an investment in its wholly-owned subsidiary, Shakti EV Mobility Private Limited, through subscription of equity shares. This intimation is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

  • Investment Amount: ₹12,00,00,000 (Rupees Twelve Crores Only)
  • Instrument: Subscription to 1,20,00,000 (One Crore Twenty Lacs) Equity Shares
  • Face Value: ₹10 per share
  • Consolidated Investment: ₹92,00,00,000 (Rupees Ninety Two Crores Only) after this subscription
  • Consideration Form: Cash consideration
  • Transaction Date: October 22, 2026 (same day completion)

Subsidiary Company Background

  • Name: Shakti EV Mobility Private Limited
  • Relationship: Wholly Owned Subsidiary
  • Incorporation Date: December 16, 2021
  • Total Asset Size: ₹12,857.28 Lacs (₹128.57 Crore) as on March 31, 2026
  • Business: Manufacturing of various types of Electric vehicles motors and chargers controllers
  • Product Range: Electric vehicle motors for Two Wheeler/Three Wheeler/Four Wheeler/Special purpose Electric Vehicle motor & chargers for electric vehicle
  • Geographic Presence: India exclusively

Financial Performance of Subsidiary (Turnover in ₹ Lacs)

  • FY 2026: 2,425.41 Lacs (₹24.25 Crore)
  • FY 2025: 372.73 Lacs (₹3.73 Crore)
  • FY 2024: 430.09 Lacs (₹4.30 Crore)

Regulatory and Compliance Aspects

  • Related Party Transaction: Does not qualify as related party transaction
  • Arm's Length Basis: Not applicable as it's a wholly-owned subsidiary
  • Government Approvals: No governmental or regulatory approvals required
  • SEBI Reference: Regulation 30(6) read with Schedule III Part A Para A(1) of Listing Regulations
  • Master Circular: SEBI Master Circular No HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026

Purpose and Impact

  • Objective: To initiate and expand the business of the Wholly Owned Subsidiary
  • Control Impact: The equity shares will be issued time to time as per the agreement
  • Business Alignment: The subsidiary's business aligns with the parent company's operations

Disclosure and Authentication

  • Signing Date: October 22, 2026 at 14:33:47 IST
  • Scrip Details: ISIN INE908D01010, BSE Code 531431, NSE Symbol SHAKTIPUMP
  • Recipients: National Stock Exchange of India Ltd. and BSE Limited