Shakti Pumps (India) Limited has made an investment of ₹5,00,00,000 (Rupees Five Crores Only) in its wholly owned subsidiary Shakti EV Mobility Private Limited. The investment was made by subscribing to 50,00,000 (Fifty Lakh) equity shares of face value ₹10 each.
With this investment, the company's consolidated investment in the subsidiary now stands at ₹80,00,00,000 (Rupees Eighty Crores Only).
The disclosure is made under Regulation 30(6) read with Schedule III Part A Para A(1) of the SEBI Listing Regulations and refers to SEBI Master Circular No HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026.
Subsidiary Details
Shakti EV Mobility Private Limited was incorporated on 16th December, 2021 and is engaged in the business of manufacturing various types of electric vehicle motors and chargers/controllers for two-wheelers, three-wheelers, four-wheelers, and special purpose electric vehicles.
The subsidiary had total assets of ₹12,857.28 lakhs as of 31st March, 2026. Its turnover for the previous three financial years was:
- FY 2026: ₹2,425.41 lakhs
- FY 2025: ₹372.73 lakhs
- FY 2024: ₹430.09 lakhs
The company operates exclusively in India.
Transaction Details
The investment was made in cash consideration by subscribing to equity shares of the subsidiary. The acquisition does not qualify as a related party transaction since Shakti EV Mobility is a wholly owned subsidiary, and therefore the arm's length principle is not applicable.
No governmental or regulatory approvals were required for this acquisition. The transaction was completed on the same day it was executed [12/10/2026].
The purpose of the investment is to initiate and expand the business operations of the wholly owned subsidiary.