Shakti Pumps (India) Limited

Key Highlights

Capacity Expansion Details

Shakti Pumps (India) Limited has announced an investment of Rs 11 Crore into its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL). This capital is earmarked for the establishment of a greenfield manufacturing facility in Pithampur, Madhya Pradesh. The plant will focus on the production of high-efficiency Solar DCR (Domestic Content Requirement) cells and Solar PV modules, with a total production capacity of 2.20 GW. The company noted that no government or regulatory approvals are required for this acquisition/investment.

Subsidiary Performance

Shakti Energy Solutions Limited is engaged in the manufacturing of solar structures and solar rooftop solutions. The turnover for the subsidiary over the last three financial years is as follows:

Investor Takeaway

This development marks a clear step by Shakti Pumps to deepen its manufacturing capabilities in the solar value chain. By setting up a 2.20 GW capacity plant through its subsidiary, the company is positioning itself to cater to the growing demand for solar components. Shareholders should monitor the project's timeline and subsequent updates regarding the commissioning of the new manufacturing facility.

Shareholding Update

Shakti Sons Trust, an entity belonging to the promoter group of Shakti Pumps (India) Limited, has acquired 12,400 equity shares of the company through an open market purchase. Following this transaction, the trust's holding in the company increased from 18.36% to 18.37%.

Transaction Details

Impact on Shareholding

Company Capital Structure

The company's total equity capital remains unchanged at Rs 123.39 crore, represented by 12,33,97,965 equity shares of Rs 10/- each.

Publication Details

Shakti Pumps (India) Limited has issued a newspaper publication concerning the opening of a 'Special Window' for the re-lodgement of transfer requests for physical securities. This notification serves as a compliance measure under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice was published on September 10, 2026, in the following editions:

• Business Standard (Hindi edition)
• Free Press (English edition)

Regulatory Context

This publication is pursuant to SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026, dated January 30, 2026. The circular mandates that listed companies provide a special window to facilitate the re-lodgement of physical share transfer requests that may have been previously rejected or remained pending.

What Shareholders Should Know

• Purpose: The special window is intended to assist shareholders who currently hold physical shares and wish to transfer them, following the standardized regulatory procedure set out by SEBI.
• Action Required: Shareholders with legacy physical share transfer issues are advised to review the specific requirements outlined in the referenced SEBI circular and coordinate with the company or its Registrar and Transfer Agent (RTA) as needed.
• Official Communication: The company has formally notified both the BSE Limited (Scrip Code: 531431) and the National Stock Exchange of India Ltd. (Symbol: SHAKTIPUMP) regarding this publication.

Key Highlights

Order Details

Shakti Pumps (India) Limited has been awarded a Letter of Empanelment for the supply and installation of 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) across the state of Maharashtra under the Magel Tyala Saur Krushi Pump Yojana.

The contract includes capacities of 3 HP, 5 HP, and 7.5 HP. The total value of this work order is Rs 235.92 crore, which includes GST (the base amount is Rs 216.64 crore).

Project Scope and Execution

The contract requires the company to undertake comprehensive project responsibilities, including:

• Design
• Manufacture
• Supply
• Transport
• Installation
• Testing
• Commissioning

Execution is time-bound, with the company required to complete the project within 60 days from the date of the issuance of the Work Order or Notice to Proceed (NTP).

Investor Takeaway

This order represents a direct revenue opportunity for Shakti Pumps, strengthening its order book within the state-supported solar agriculture sector. Given the 60-day execution window, investors should monitor the company's ability to maintain its operational efficiency and working capital management during the upcoming delivery phase. The contract is with a state-run entity, generally considered reliable, though timely issuance of work orders and subsequent payments are key monitorables.

Key Highlights

Transaction Overview

Shakti Brothers Trust, a member of the promoter group, has increased its equity holding in Shakti Pumps (India) Limited by 11,800 shares. This transaction, executed via the open market, brings the trust's total holding to 93,97,000 equity shares. The company's total equity share capital remains unchanged at 12,33,97,965 shares, representing an equity share capital of Rs. 123.39 crore.

What This Means for Investors

This disclosure is a routine regulatory compliance under SEBI (SAST) Regulations. While promoter buying is often interpreted by investors as a positive signal of internal confidence, the scale of this transaction (representing an increase of 0.01% in total stake) is marginal. Existing shareholders should view this as a routine maintenance of the promoter's position rather than a significant shift in strategic ownership.

Key Highlights

Capacity Expansion Update

Shakti Pumps (India) Limited has committed Rs 11 crore to its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), to support a significant capacity expansion. The subsidiary is establishing a greenfield facility in Pithampur, Madhya Pradesh, designed to manufacture high-efficiency Solar DCR (Domestic Content Requirement) cells and Solar PV modules. This new plant will have a production capacity of 2.20 GW, marking a strategic move for the group as it expands beyond its existing business of manufacturing solar structures and rooftop solutions.

Subsidiary Financial Performance

Shakti Energy Solutions Limited has shown a consistent upward trend in turnover over the past three fiscal years, as reported in the disclosure:

Transaction Details

• Consideration: The investment of Rs 11 crore is made in cash by subscribing to equity shares of the subsidiary.
• Approval Status: No government or regulatory approvals were required for this transaction.
• Completion: The investment is considered completed as of the announcement date, September 5, 2026.

Investor Takeaway

This announcement highlights Shakti Pumps' focus on scaling its renewable energy manufacturing capabilities. Shareholders should note the planned capacity of 2.20 GW, which represents a substantial addition to the group's manufacturing footprint. The consistent growth in the subsidiary's turnover over the last three years provides context for the firm's decision to channel resources into this entity.

Management Transition

Shakti Pumps (India) Limited has informed the exchanges of the resignation of Dr. Chinmay Jain, who served as the company's Chief Technology Officer (CTO) and as a member of its Senior Management Personnel. The resignation is effective from August 25, 2026.

Continuity Strategy

The company emphasized that its technology, innovation, and R&D initiatives will remain under the leadership of Mr. Dinesh Patidar (DIN: 00549552), the company's Chairman cum Whole-time Director. Management noted that Mr. Patidar has been instrumental in driving the company's product development, engineering, and innovation agenda to date. The company stated that it remains well-positioned to ensure the seamless execution of its technology roadmap and growth plans under his continued oversight.

Resignation Details

In his formal resignation letter submitted to the Managing Director, Dr. Chinmay Jain stated that he is resigning for personal reasons. He further confirmed that there are no other material reasons or unresolved matters or circumstances relating to his resignation that require specific attention by the Board.

Summary Table: Change in Management

Investor Takeaway

For existing shareholders, the departure of a Chief Technology Officer is a notable leadership change. However, the company's swift announcement regarding the continuity of its R&D leadership under the Chairman is intended to provide stability. Investors should continue to monitor the company’s R&D output and innovation pipeline in future quarterly disclosures to ensure that the transition does not impact long-term execution capabilities.

ESG Rating Upgrade

Shakti Pumps (India) Limited has announced an upgrade in its overall ESG Impact Rating by ICRA ESG Ratings Limited. The company’s score improved to 78 ("Good") from its previous score of 75 ("Good").

ESG Rating Breakdown

Key Takeaways

The rating upgrade reflects the company's performance during FY26 in strengthening its ESG profile. Notably, the 'Environment' and 'Social' parameters have achieved an 'Outstanding' classification, while 'Governance' remains in the 'Good' category.

Management indicated that the improvement is supported by enhanced sustainability targets, improved health and safety performance, broader community engagement, and increased environmental disclosures. The ESG Impact Rating assesses material performance across areas such as climate risk management, energy efficiency, human capital development, and supply chain sustainability.

Key Highlights

Investment Rationale

Shakti Pumps (India) Limited has made a fresh investment of Rs 5 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited. This investment was executed by subscribing to 50 lakh equity shares with a face value of Rs 10 each. Following this transaction, the company's cumulative consolidated investment in the subsidiary has reached Rs 75 crore. The capital is aimed at initiating and expanding the business operations of the subsidiary.

Business and Financial Context

Shakti EV Mobility Private Limited is engaged in the manufacturing of electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose electric vehicles, as well as electric vehicle chargers.

Financial Performance of Subsidiary

The subsidiary reported a total asset size of Rs 128.57 crore (Rs 12,857.28 lakhs) as of 31 March 2026.

Corporate Governance

This acquisition does not fall under the category of a Related Party Transaction as per the disclosure. No specific governmental or regulatory approvals were required to complete this investment, and the transaction was finalized on the same day as the announcement.

Investor Takeaway

The infusion of capital into the EV mobility subsidiary reflects the parent company's ongoing commitment to developing its electric vehicle components business. While the transaction is routine and does not require external approvals, investors should monitor the scale and revenue trajectory of the EV subsidiary as it attempts to move from a total asset base of Rs 128.57 crore toward higher turnover milestones.

Key Highlights

Dividend Declaration

The company shareholders approved a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. This represents a 10% dividend on the face value of the shares, confirming the company's commitment to returning capital to its shareholders.

Leadership and Management

The AGM saw the successful passage of several resolutions regarding the company's leadership:

• Chairman cum Whole Time Director: Re-appointment of Mr. Dinesh Patidar was approved for a three-year term.
• Managing Director: Re-appointment of Mr. Ramesh Patidar was approved for a three-year term.
• Whole Time Director: Remuneration revision for Mr. Sunil Patidar was approved.
• Director: Re-appointment of Mr. Ramakrishna Sataluri was confirmed.

Governance and Institutional Voting

While all resolutions were passed, Resolution 4 regarding the re-appointment of Mr. Dinesh Patidar as Chairman cum Whole Time Director witnessed notable opposition. Public institutional investors recorded 87.4762% of their votes against this specific resolution. This voting pattern indicates specific institutional concern regarding the leadership re-appointment or remuneration structure and serves as a point of interest for governance-focused investors.

Investor Takeaway

The 31st AGM was concluded successfully with all agenda items passed, ensuring leadership continuity and dividend distribution. For investors, the primary takeaway is the stability provided by these re-appointments, balanced by a need to monitor the specific governance concerns raised by public institutional shareholders during the voting process for executive leadership.

Key Highlights

The 31st Annual General Meeting (AGM) held on August 5, 2026, successfully transacted several key resolutions, confirming the company's financial and operational roadmap for the year.

Important Figures Used

Governance and Leadership Updates

• Clean Audit Status: The company reported that both the Statutory Audit Report and the Secretarial Audit Report for the financial year ended March 31, 2026, did not contain any qualifications or adverse remarks.
• Leadership Continuity: Shareholders approved the re-appointment of key leadership, including Mr. Dinesh Patidar as Chairman cum Whole Time Director and Mr. Ramesh Patidar as Managing Director, both for a term of three years. Mr. Ramakrishna Sataluri was also re-appointed as a director.

Management Commentary and Q&A

During the meeting, the Chairman addressed members regarding the company's business performance and future prospects. In an interactive session, the management team, including the Chairman, Managing Director, and Chief Financial Officer, responded to shareholder queries focusing on future growth prospects, new innovations, and the overall business strategy of the company.

Investor Takeaway

The AGM served as a standard governance exercise, formalizing the financial results and key management appointments for the coming period. The approval of the dividend provides a direct return to shareholders, while the re-appointment of top management signals continuity in strategic direction. Investors should continue to monitor the company's execution on its stated business strategy and innovation pipeline as discussed by management.

Key Highlights

Financial Snapshot

Operational Performance

Shakti Pumps demonstrated robust operational momentum during the quarter. Solar pump sales volume reached 27,678 units, a significant increase from 17,557 units in Q1 FY26. Rooftop business also showed growth, contributing ₹8 crore in revenue compared to ₹2 crore in the same period last year.

Margin Analysis

Management noted that EBITDA margins remained stable sequentially at 9.6%. The company explained that margins have been under pressure compared to historical levels due to inflated raw material costs (steel, copper, aluminium) driven by geopolitical uncertainties and lower realization in some orders. The company considers these pressures to be temporary and external.

Growth Outlook and Capex Strategy

• Revenue Target: The company aims to achieve ₹5,000 crore in annual revenue by FY29.
• Capex Plan: A total capital expenditure of ₹1,500-1,700 crore is planned through September 2027. For the current fiscal year (FY27), the planned expenditure is ₹800 crore.
• Capacity Expansion: The company is focusing on integrated manufacturing with upcoming DCR module and cell facilities, which are expected to support long-term margins and backward integration.

Investor Takeaway

Shakti Pumps reported a strong quarter with significant growth in solar pump installations and revenue. While raw material costs have temporarily impacted EBITDA margins, the company's clear focus on capacity expansion and integration suggests a strategic effort to protect margins in the long run. Investors should monitor the progress of the ₹1,500-1,700 crore capex plan and the execution of the ₹1,000 crore order book in the coming quarters. The long-term FY29 revenue target provides a benchmark for evaluating the company's scale-up trajectory.

Investor Call Recording Disclosure

Shakti Pumps (India) Limited has officially released the audio recording of the investor conference call conducted on July 27, 2026. The filing confirms the company's compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Event Context

The conference call was held to discuss the unaudited financial results for the quarter ended June 30, 2026. This event served as the primary venue for management to engage with analysts and investors regarding the company's recent performance.

Accessing Management Commentary

The audio recording is available for review through the link provided in the company's disclosure: https://shaktipumps.com/wp-content/uploads/2026/07/10045017.mp3. Accessing this recording allows stakeholders to listen to management's direct commentary and responses to questions addressed during the session.

What This Means for Investors

This filing ensures transparency and adherence to corporate governance standards. For investors, this provides an opportunity to review the management's tone and detailed explanations regarding the quarterly results, which may offer context beyond the standard financial reports.

Key Highlights

Shakti Pumps (India) Limited has released its Q1 FY27 performance results, highlighting consistent execution alongside ongoing strategic investments. Key data points for the quarter are summarized below:

Financial Snapshot

Financial performance in Q1 FY27 reflects a focus on scale, although margins have faced headwinds compared to previous periods.

Revenue and Income Analysis

The company reported quarterly revenue of ₹858.7 crore (₹8,587 million), showing stability on a sequential basis compared to ₹857.8 crore (₹8,578 million) in Q4 FY26.

Margin Analysis

EBITDA margins for Q1 FY27 stood at 9.6%. Management commentary suggests that margins were impacted by lower realization on certain orders, as well as increased raw material and logistics costs resulting from geopolitical tensions.

Order Book Position

The total outstanding order book stood at ₹1,000 crore (₹10,000 million) as of July 22, 2026. This pipeline includes significant contributions from:

• Magel Tyala Saur Urja Yojana, Maharashtra: ₹522 crore (₹5,220 million)
• Karnataka Renewable Energy Development Limited: ₹235 crore (₹2,350 million)
• Madhya Pradesh Urja Vikas Nigam Limited: ₹167 crore (₹1,670 million)

Capex and Strategic Developments

A major focus for the company is its phased capex program, totaling approximately ₹1,700 crore (₹17,000 million). This investment is aimed at doubling core capacity and facilitating entry into solar cell and module manufacturing, with a 2.2 GW Greenfield expansion at Pithampur expected to commission by FY28.

Concerns and Watch Points

What This Means for Investors

Shakti Pumps continues to demonstrate strong execution capability, evidenced by its record revenue levels and a healthy order book of ₹1,000 crore (₹10,000 million). The ongoing ₹1,700 crore (₹17,000 million) capex program signals a long-term commitment to enhancing backward integration and capacity. However, investors should remain attentive to how the company manages margin pressures caused by external cost factors and the aging profile of its receivables.

Investor Takeaway

The Q1 FY27 results highlight a company with a strong market position and clear long-term growth plans. While the order book provides revenue visibility, current margin headwinds and capital-intensive expansion plans remain key factors to track. Shareholders should observe the progress of capacity expansion and the company's ability to normalize margins over the coming quarters.

Corporate Action Details

Shakti Pumps (India) Limited has published its un-audited financial results for the quarter ended June 30, 2026, in compliance with regulatory standards.

Regulatory Compliance

In accordance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has ensured the publication of its financial results in the following newspapers:

• Business Standard (Hindi edition)
• The Economic Times (English edition)

The publication date for both advertisements was July 25, 2026. This filing is part of the standard statutory process for listed companies to ensure that financial information is publicly available to all stakeholders.

Key Highlights

Financial Snapshot: QIP Utilization

The table below summarizes the utilization status of proceeds from the two Qualified Institutions Placements (QIP) as of June 30, 2026.

Project and Operational Updates

The company is managing its expansion through a combination of new facility development and utilization of existing assets.

• Pithampur Facility (Project 1): The expansion for Inverters, Variable Frequency Drives, and Structures has been strategically shifted to the location of the existing facility. This decision aims to ensure timely capacity augmentation while the company continues to address land acquisition delays for the new site.
• Solar PV Module Project (Project 2): Similarly, the company is setting up a 0.5 GW module plant adjacent to its existing facility rather than at the new land originally identified in the placement document. The remaining project phases are being aligned with a revised completion timeline of September 2027.

Land Acquisition Challenges

The report indicates significant shortfalls in land acquisition, which remains a primary driver for the revised project timelines.

• For the Pithampur project, only about 21.45 to 23.35 acres have been acquired out of the planned 45.66 acres.
• For the Solar project, lease deeds for approximately 95.6 acres have been executed against the 113 acres disclosed in the placement document.

Management has noted that while acquisition delays persist, the land currently allotted is sufficient to commence work on the initial project stages.

Financial Management

Unutilized proceeds from both QIPs are being held in fixed deposits with banks including Federal Bank and ICICI Bank. These investments are yielding annual returns ranging between 3.5% and 7.10%, reflecting a conservative and prudent approach to treasury management while waiting for project deployment requirements.

Related Party Transactions

The monitoring report highlights capital expenditure payments made to Shakti Construction & Development Pvt & Ltd, a related party. During the reported quarter, payments amounted to ₹0.92 crore (9.18 lakh) for QIP 1 and ₹2.26 crore (22.59 lakh) for QIP 2.

What This Means for Investors

The monitoring agency report confirms that there has been no deviation from the stated objects of the QIP issues. However, investors should monitor the evolving project timelines and the impact of the strategic shift of production to existing facilities. While land acquisition delays have forced a slower pace for greenfield developments, the company's proactive adjustment to use existing infrastructure may help mitigate some of the operational risks associated with these delays. The prudent parking of funds in fixed deposits ensures that the idle capital continues to generate returns.

Investor Takeaway

For investors, the key takeaways are the revised project completion dates and the shift in execution strategy. The company is actively working to avoid bottlenecks by utilizing existing facilities where possible. The land acquisition status remains the primary watch point, as it directly dictates the timeline for the new greenfield expansions. Investors should track the upcoming milestones in November 2026 for the Pithampur facility and September 2027 for the solar project to gauge the progress of these significant investments.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

Shakti Pumps reported record consolidated revenue from operations of ₹858.7 crore (₹85,870 lakh) in Q1 FY27, compared to ₹622.5 crore (₹62,250 lakh) in Q1 FY26. This growth is primarily attributed to strong execution and higher demand in the solar pump segment.

Profitability and Margin Analysis

Despite record revenue, profitability metrics declined year-on-year. EBITDA stood at ₹82.9 crore (₹8,290 lakh) with a margin of 9.6%, compared to ₹143.6 crore (₹14,360 lakh) and a margin of 23.1% in the corresponding quarter of the previous year. PAT was ₹51.6 crore (₹5,160 lakh) in Q1 FY27 versus ₹96.8 crore (₹9,680 lakh) in Q1 FY26. Management cited subdued realizations on select orders and elevated input prices as the primary drivers of this margin contraction.

Solar Pumps Business

This segment continues to serve as the core growth engine. In Q1 FY27, the company installed 27,678 solar pumps. Revenue from the solar pumps business was reported at ₹685.1 crore (₹68,510 lakh).

Order Book Position

As of July 22, 2026, the company holds a total outstanding order book of ₹1,000 crore (₹100,000 lakh). This order book includes significant domestic contracts across states including Maharashtra, Madhya Pradesh, and Karnataka, providing short-to-medium-term revenue visibility.

Strategic Developments

• Solar Manufacturing: The company has invested ₹10 crore (₹1,000 lakh) in its subsidiary, Shakti Energy Solutions Limited, to establish a 2.2 GW solar DCR cell and module plant. Commissioning for 0.5 GW is planned by September 2027.
• EV Business: Investments in the EV mobility subsidiary have increased to a cumulative ₹70 crore (₹7,000 lakh) to support the expansion of EV motors and controllers.

What Looks Positive

• Revenue Scale: Achieving record quarterly revenue demonstrates strong execution capabilities and sustained market demand.
• Order Book Visibility: An order book of ₹1,000 crore (₹100,000 lakh) supports revenue stability for the coming periods.
• Sequential Recovery: PAT grew 34.6% sequentially from ₹38.3 crore (₹3,830 lakh) in Q4 FY26 to ₹51.6 crore (₹5,160 lakh) in Q1 FY27.

Concerns and Watch Points

• Margin Compression: The significant year-on-year drop in EBITDA margin from 23.1% to 9.6% is a key watch point, driven by input costs and lower realizations.
• Geopolitical Impact: Management noted that ongoing geopolitical tensions continue to impact global operations and input pricing.

Investor Takeaway

Shakti Pumps delivered a quarter characterized by strong volume and revenue growth, successfully scaling its core solar pump business. However, profitability remained under pressure due to cost inflation and pricing challenges. Investors should monitor the company's ability to recover margins in the coming quarters and the progress of its large-scale capital investments in solar and EV manufacturing, which are critical for its transition into a broader clean energy platform.

Key Highlights

Financial Snapshot

Revenue and Income Analysis

Shakti Pumps reported a strong increase in top-line performance for the quarter ended June 30, 2026. Consolidated revenue from operations stood at ₹858.67 crore, rising from ₹622.50 crore in the corresponding quarter of the previous year. Standalone revenue also tracked this upward trend, reaching ₹816.28 crore against ₹605.51 crore in the year-ago period.

Profitability Analysis

Despite growth in revenue, consolidated profit after tax (PAT) for the quarter ended June 30, 2026, was ₹51.59 crore, lower than the ₹96.83 crore recorded in the same period last year. A similar trend was observed in the standalone financials, where PAT was ₹42.99 crore for the quarter, compared to ₹94.41 crore in the June 2025 quarter. Basic earnings per share (EPS) for the consolidated entity was ₹4.18.

Segment Performance

What This Means for Investors

For investors, the key observation is the shift between the company's revenue expansion and its profit margins. While the business is generating significantly higher revenue compared to the same time last year, the bottom-line profitability has contracted. Investors should examine the cost structure and expense analysis to understand the drivers behind the profit decline. Additionally, the performance of India operations remains the primary contributor to both revenue and segment profits.

Investor Takeaway

The release provides a detailed look at the company's consolidated and standalone performance. While the strong revenue growth is a positive signal for business scale, the year-over-year decline in profit warrants attention. Stakeholders should track how management addresses costs and margin pressures in upcoming quarters. The results are compliant with regulatory requirements and have been reviewed by the statutory auditors with an unmodified conclusion.

Financial Snapshot

Revenue and Income Analysis

The company witnessed strong top-line performance during the quarter ended June 30, 2026. Consolidated revenue from operations increased to ₹858.67 crore from ₹622.50 crore in the same period last year. Similarly, the standalone revenue from operations also showed growth, rising to ₹816.28 crore from ₹605.51 crore in the comparable quarter of the previous year.

Profitability Analysis

Despite the growth in revenue, the company's bottom-line performance saw a decline on a year-over-year basis. Consolidated profit for the period dropped to ₹51.59 crore for the quarter ended June 30, 2026, compared to ₹96.83 crore in the corresponding quarter of the previous year. The standalone profit for the period also reflected a similar trend, falling to ₹42.99 crore from ₹94.41 crore in the prior-year period.

Segment Performance

The consolidated financial results include contributions from both domestic and international operations. Overseas subsidiaries contributed ₹34.95 crore to segment revenue and ₹7.69 crore to segment results (before finance costs and tax) for the quarter ended June 30, 2026.

What Looks Positive

• Revenue Growth: The company achieved significant year-over-year growth in both consolidated and standalone revenue, indicating strong demand or market presence compared to the previous year.

Concerns and Watch Points

What This Means for Investors

Shakti Pumps (India) Limited's latest quarterly results highlight a scenario where the company is successfully growing its top-line revenue, but this has not translated into proportional profit growth. The contraction in net profit suggests rising expenses or margin compression that warrants further analysis. Investors should look to future disclosures or management commentary to understand the specific drivers behind these increased costs.

Investor Takeaway

The Q1 FY27 results show a firm expansion in business scale, as evidenced by the strong revenue figures. However, the decline in bottom-line profitability is the primary point of interest. Investors should focus on expense trends and management's guidance on margin outlook in upcoming periods. The audit process for the current quarter has been concluded with an unmodified opinion.

Announcement Summary

The company has published a formal notice in newspapers informing shareholders about the proposed transfer of equity shares to the Investor Education and Protection Fund (IEPF) Account.

Context

This transfer pertains to equity shares on which dividends have remained unclaimed for seven consecutive years or more. This action is being conducted in accordance with the provisions of the Companies Act, 2013, and the rules made thereunder.

Investor Action

Shareholders are advised to verify their records. The company has uploaded the details of the specific shareholders and the shares due for transfer to the IEPF on its official website at www.shaktipumps.com.

Regulatory Compliance

This publication is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights

Financial Snapshot: Subsidiary Performance

Shakti EV Mobility Private Limited has shown significant revenue growth over the last three financial years.

Note: Figures converted for readability.

Investment Details

Shakti Pumps (India) Limited has made an investment of ₹5.00 crore into its wholly-owned subsidiary, Shakti EV Mobility Private Limited. The company subscribed to 50,00,000 equity shares at a face value of ₹10 per share. Following this transaction, the company's total consolidated investment in the subsidiary has reached ₹70.00 crore.

Business Scope

The subsidiary is engaged in the manufacturing of various types of electric vehicle (EV) motors—including those for two-wheelers, three-wheelers, four-wheelers, and special-purpose EVs—as well as chargers for electric vehicles. This investment aims to initiate and expand the operations of the subsidiary.

Regulatory and Compliance

The company clarified that this investment does not fall under the purview of Related Party Transactions, and as such, an arm's length valuation was not applicable. No government or regulatory approvals were required for this transaction.

What This Means for Investors

This investment reflects a continued commitment by Shakti Pumps (India) Limited to build out its EV mobility vertical. Investors should monitor the progress of Shakti EV Mobility, particularly its revenue growth, which accelerated in FY 2026 compared to previous years. The company is positioning itself to capture demand in the EV components market through this subsidiary.

Investor Takeaway

This is a standard capital allocation update regarding a wholly-owned subsidiary. Investors should view this as a continuation of the company's diversification strategy into the electric vehicle component space. No major risks or management changes were reported.

Earnings Call Schedule

Shakti Pumps (India) Limited has scheduled its earnings conference call to discuss the un-audited financial results for the quarter ended June 30, 2026. The call will be held on July 27, 2026, at 14:00 PM IST.

Management Participants

The company has confirmed the following management representatives will be participating in the conference call:

Call Logistics

Investors and analysts can access the conference call using the following details:

Investor Takeaway

This announcement serves to inform shareholders and the investment community of the upcoming quarterly results discussion. Investors interested in the company's financial performance for the quarter ended June 30, 2026, should note the scheduled time and access information. No financial figures were disclosed in this filing; full results will be discussed during the scheduled conference call.

Upcoming Board Meeting

Shakti Pumps (India) Limited has informed the stock exchanges that its Board of Directors will meet on Friday, July 24, 2026. The primary purpose of this meeting is to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Limited Review Report.

Trading Window Update

In adherence to the company's Code of Conduct for the Prevention of Insider Trading, the trading window for the company's securities has been closed. The closure commenced on July 1, 2026, and will remain in effect until 48 hours after the financial results are made public on July 24, 2026.

Investor Takeaway

This announcement is a standard regulatory filing regarding the upcoming quarterly earnings release. Investors should prepare for the publication of the financial results for the quarter ended June 30, 2026, which will be released following the board meeting on July 24, 2026. No further action is required from shareholders at this stage.

31st Annual General Meeting Announcement

Shakti Pumps (India) Limited has officially announced the schedule for its 31st Annual General Meeting (AGM) via a public notice. The company is complying with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing this information in the Free Press (Indore, English) and Business Standard (Bhopal, Hindi).

Key Event Details

Shareholder Information

The company has confirmed the following procedural updates for shareholders:

• Remote E-Voting: Facilities are being provided to shareholders to allow them to cast their votes electronically prior to or during the meeting.
• Dividend Record Date: A record date has been fixed for the purpose of dividend distribution. Shareholders are advised to monitor upcoming official communications to verify eligibility based on this date.

Investor Takeaway

This filing is a routine procedural update regarding the upcoming AGM. Investors should watch for the detailed AGM notice, which will provide the full agenda, including financial performance reviews and specific details regarding the proposed dividend payout. Shareholders planning to participate should familiarize themselves with the remote e-voting procedures.

Key Highlights

Important Figures Used

Operational Presence

Shakti Pumps serves a diverse global and domestic customer base. The company operates through 3 manufacturing plants and 29 national offices, with an additional 4 international offices. Its market presence spans 22 states and Union Territories in India and extends to 100 countries internationally. Exports remain a meaningful contributor to revenue, representing 13.75% of total turnover in FY 2025-26.

Sustainability Targets

The company has outlined a clear path toward its long-term environmental objectives:

• GHG Emissions: Target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 25% by FY2030, using FY2026 as the baseline.
• Net-Zero Ambition: Goal to achieve net-zero greenhouse gas emissions by FY2050.
• Energy Transition: Aims to meet 100% of corporate office electricity requirements through in-house solar power by 2027.
• Diversity Goal: Committed to achieving 20% female workforce participation by FY2030.

Strategic Developments

To support the transition toward a low-carbon business model, Shakti Pumps has expanded its operational scope. This includes strategic investments in EV mobility components and solar cell manufacturing, alongside continuous improvements in pump design to enhance energy efficiency and reduce environmental impact.

Workforce and Diversity

As of the end of FY 2025-26, the company employed 726 staff members and 1,366 workers. The company has integrated sustainability performance indicators into its annual performance evaluation framework for senior management to ensure accountability for ESG objectives.

Risk Management

The company has identified several material sustainability risks which are managed through its operational framework:

• Energy Management: Mitigated by energy-efficient technologies and peak demand management.
• Workforce Health and Safety: Addressed through safety frameworks, periodic training, and the use of personal protective equipment (PPE).
• Material Sourcing: Managed by diversifying the supplier base and securing long-term supply agreements to mitigate price volatility.

Investor Takeaway

The FY 2025-26 BRSR filing demonstrates Shakti Pumps' focus on integrating sustainability into its long-term business strategy. Investors should note the company's commitment to clean energy transition and infrastructure investment, alongside the baseline financial strength reported. The company’s ability to achieve its FY2030 and FY2050 sustainability goals will be a key metric for long-term monitoring.

Key Highlights

Shakti Pumps (India) Limited has closed FY 2025-26 with a strong operational and financial performance, headlined by its highest-ever consolidated annual revenue. The company continues to leverage its leadership in the solar pumping sector while aggressively diversifying its manufacturing capabilities.

Financial Snapshot (Consolidated)

Business and Operational Highlights

• Solar Leadership: The company retains an estimated ~25% market share under the PM-KUSUM scheme and saw a 20% year-on-year increase in solar pump installations (86,086 units total).
• Strategic Capex: Management has committed ₹1,700 crore toward a capacity expansion program. This includes the development of a 2.2 GW solar DCR (Domestic Content Requirement) cell and PV module manufacturing platform at Pithampur, Madhya Pradesh.
• Diversification: Shakti Pumps is actively diversifying into the Electric Vehicle (EV) component segment (motors, controllers, chargers) through its subsidiary, Shakti EV Mobility Pvt. Ltd., and has entered the solar rooftop segment under the PM Surya Ghar scheme.
• Order Book: The company maintains a healthy order pipeline of ₹1,500 crore as of early May 2026, with a diversified presence across multiple states, including Madhya Pradesh, Karnataka, and Maharashtra.

Financial and Risk Analysis

• Profitability Pressures: While revenue grew by 7.2% year-on-year, PAT saw a decline compared to the previous year. Management has cited input cost pressures, particularly in stainless steel and copper, in the third and fourth quarters of FY 2025-26 as a key headwind for profitability.
• Working Capital: Receivables have shown improvement, reducing from ₹1,697 crore as of December 2025 to ₹1,275.7 crore by March 31, 2026. This reflects a normalization in government payment cycles.
• Dependency Risks: The business remains significantly dependent on government-led schemes like PM-KUSUM. While this provides a structured order flow, it exposes the company to risks associated with government payment timelines and tender cycles.

Investor Takeaway

Shakti Pumps has demonstrated resilience by achieving record annual revenue despite the execution moderation observed in Q3. The company’s strategic shift toward vertical integration (in-house DCR cell manufacturing) is a positive step to secure margins and supply chain control. The diversification into EV components and solar rooftop indicates a long-term strategy to reduce dependency on traditional agricultural tenders. Investors should continue to monitor input cost trends (steel/copper) and the progress of the ₹1,700 crore capacity expansion project, which is critical for the company's next phase of growth.

Key Highlights

Financial Snapshot

Management and Leadership Updates

The Board has recommended the re-appointment of the following key personnel for a period of three years effective from May 07, 2026:

• Mr. Dinesh Patidar: Re-appointed as Chairman cum Whole-time Director.
• Mr. Ramesh Patidar: Re-appointed as Managing Director.

The company also proposed a revision in remuneration for Mr. Sunil Patidar, Whole-time Director. The leadership continuity is cited as essential for the company's long-term vision and strategy.

Corporate Action Details

The Board has recommended a final dividend of ₹1 per equity share of face value ₹10 for the financial year ended March 31, 2026. Payment is subject to shareholder approval at the upcoming AGM. The company has also ratified the appointment of M/s. M. P. Turakhia & Associates as Cost Auditors for the financial year 2026-27 with an annual remuneration of ₹88,000.

Investor Takeaway

Shakti Pumps (India) Limited's AGM notice provides shareholders with the proposed dividend and updates on leadership. Investors should note the growth in standalone sales alongside the contraction in Profit After Tax compared to the previous fiscal year. The management re-appointments indicate a focus on leadership stability. Shareholders are encouraged to review the full notice and annual report available on the company website for comprehensive details regarding the meeting participation and resolutions.

Corporate Action Details

Shakti Pumps (India) Limited has issued a formal notice to shareholders regarding its upcoming 31st Annual General Meeting. This announcement complies with the requirements set forth by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and circulars issued by relevant authorities.

Board Decision or Meeting Update

The company has finalized the details for the 31st Annual General Meeting, which will be held virtually. This virtual format is in alignment with ongoing practices to facilitate shareholder participation through digital platforms, ensuring compliance with both SEBI and Ministry of Corporate Affairs directives. The notice has been published in newspapers as per regulatory mandates.

Investor Takeaway

This update is procedural in nature, fulfilling the company's obligation to notify shareholders about the Annual General Meeting. There is no financial impact arising from this announcement. Investors holding the stock should monitor the company's official communications for further details regarding the agenda and procedural instructions for attending the meeting via the designated electronic platform.

Announcement Overview

Shakti Pumps (India) Limited has informed the exchanges about the publication of a notice in newspapers regarding a "Special Window for Transfer and Dematerialisation of Physical Securities."

The notice was published in the following newspapers on July 11, 2026:

• Business Standard (Hindi edition)
• Free Press (English edition)

Regulatory Context

This announcement is made in compliance with the following regulatory requirements:

• Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

What This Means for Investors

This is a routine regulatory filing related to shareholder services. It outlines the process for the re-lodgement of transfer requests for physical shares. It does not carry any financial, operational, or strategic implications for the company's business performance.

Investor Takeaway

Investors may note this as part of the company's regular corporate governance and compliance obligations. No action is required from shareholders unless they hold physical shares and wish to utilize this specific re-lodgement window as described in the official notice.

Key Highlights

Corporate Action Details

Shakti Pumps (India) Limited has formally communicated the timeline for its 31st Annual General Meeting and dividend processing. The company has set July 29, 2026, as the record date. This date is critical for determining which shareholders are entitled to vote at the upcoming AGM and who would be eligible to receive the final dividend, should it be declared and approved by the members.

The final dividend payment remains subject to declaration and approval by the shareholders during the AGM, which is scheduled to take place on August 5, 2026. This intimation is in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What This Means for Investors

The record date is a cutoff point for shareholder entitlements. Investors who hold shares of the company in their demat accounts as of the close of business on July 29, 2026, will be considered eligible to attend and vote at the AGM and participate in the dividend payout, assuming the dividend proposal is successfully passed at the meeting. Investors who purchase shares after this date will not be eligible for the dividend declared for this specific period.

Investor Takeaway

This announcement is a standard part of the corporate annual cycle. Investors should note the record date of July 29, 2026, if they intend to participate in the AGM or are tracking dividend eligibility. No further action is required from shareholders unless they wish to vote at the meeting, for which they should monitor further communications regarding the AGM proceedings.

Order Win Overview

Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems. This project falls under the 'Magel Tyala Saur Krushi Pump Yojana' in Maharashtra.

Key Contract Details

Operational Implications

The company is tasked with the end-to-end execution of these solar pumping systems, covering capacities ranging from 3 HP to 7.5 HP. The contract specifies an execution timeline of 60 days from the issuance of the Work Order or Notice to Proceed (NTP).

What Looks Positive

• Significant Order Win: The order value of ₹353.89 crore represents a substantial revenue opportunity and demonstrates the company's ability to secure large-scale contracts from state government entities.
• Government Scheme Participation: Securing an order under the 'Magel Tyala Saur Krushi Pump Yojana' reinforces the company's established presence and competitive standing in the government-supported solar pumping sector.

Concerns and Watch Points

• Execution Timeline: The project requires completion within a relatively short window of 60 days. Investors should monitor the company's operational capacity to manage this fast-turnaround requirement effectively.

Investor Takeaway

Shakti Pumps has secured a significant order from a state electricity board, providing a clear revenue stream for the upcoming months. The order size and the specific government scheme highlight the company's continued relevance in the solar irrigation sector. While the 60-day execution period presents a quick turnaround, successful delivery will be key to operational efficiency and cash flow management. Investors should track updates on the execution progress of this project.

Compliance Update

Shakti Pumps (India) Limited has filed the compliance certificate for the quarter ended June 30, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Key Details

Regulatory Context

The company confirms that all security certificates received for dematerialization during the quarter were processed, mutilated, and cancelled after due verification within the prescribed 15-day timeline. The names of the depositories have been substituted in the register of members as the registered owners in line with regulatory requirements.

Investor Takeaway

This is a routine corporate filing confirming adherence to SEBI regulations. It serves to assure shareholders that share dematerialization and transfer operations are being managed efficiently by the company's Registrar and Share Transfer Agent in accordance with established timelines.

📊 Performance Summary

• Reporting Period(s): Quarter and Financial Year ended March 31, 2026.

✅ What Looks Positive

No clear positives visible in provided data.

⚠️ Risk Alerts & Concerns

No risks supported by provided data.

🧠 Investor Takeaway

Investors should note the upcoming board meeting on May 07, 2026, when the audited financial results and any potential dividend decisions for the fiscal year ending March 31, 2026, will be announced. Currently, there are no financial data points to analyze as this document is purely an administrative notification regarding the meeting schedule and trading window restrictions.

Summary

• Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL).
• The empanelment is for supplying 6,580 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana.
• The total value of the order is approximately ₹155.24 crore (inclusive of GST).

Key Numbers & Dates

• Number of Pumps: 6,580 SPWPS
• Pump Capacities: 3 HP, 5 HP, and 7.5 HP
• Total Order Value (excluding GST): ₹142.55 crore
• Total Order Value (inclusive of GST): ₹155.24 crore
• Announcement Date: 30/04/2026
• Execution Period: Within 60 days from the issuance of the work order/NTP.

What Changes for the Business

• The company has been empanelled to supply solar photovoltaic water pumping systems across the entire state of Maharashtra.
• This empanelment signifies a significant business opportunity under a state government scheme.

What to Track Next

• Issuance of the official work order or Notice to Proceed (NTP) from MSEDCL.
• Commencement and completion of the execution within the stipulated 60-day period.
  -once the work order is issued.

Summary

• Shakti Pumps (India) Limited is investing ₹10.00 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited.
• The investment aims to expand the subsidiary's business of manufacturing electric vehicle motors and chargers.
• The consolidated investment in Shakti EV Mobility now stands at ₹65.00 crore.
• The subsidiary reported total assets of ₹10,121.83 lakh (₹1.01 cr) as of March 2025.

Key Numbers & Dates

• Investment in Shakti EV Mobility: ₹10.00 crore
• Consolidated Investment: ₹65.00 crore
• Subsidiary Total Asset Size (as of Mar 2025): ₹10,121.83 lakh (₹1.01 cr)
• Subsidiary FY2025 Turnover: ₹372.73 lakh (₹3.73 cr)
• Subsidiary FY2024 Turnover: ₹430.09 lakh (₹4.30 cr)
• Equity Share Face Value: ₹10
• Letter Date: 21.04.2026
• Subsidiary Incorporation Date: 16.12.2021

What Changes for the Business

• The investment supports the expansion of Shakti EV Mobility's business into manufacturing electric vehicle motors and chargers for various types of vehicles.
• This move aligns with Shakti Pumps' strategy to enter and grow its presence in the electric vehicle component market.

Summary

• Shakti Pumps (India) Limited invested ₹7.00 crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited, on April 18, 2026.
• This investment is to establish a new greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant.
• The plant will be located in Pithampur, Madhya Pradesh, with a significant production capacity of 2.20 GW.

Key Numbers & Dates

• Investment Amount: ₹7.00 crore (Rupees Seven Crores Only)
• Subsidiary: Shakti Energy Solutions Limited
• Project Capacity: 2.20 GW (Solar DCR cell and Solar PV modules)
• Location: Pithampur, Madhya Pradesh
• Investment Date: April 18, 2026
• Subsidiary FY25 Turnover: ₹216.53 crore
• Subsidiary FY24 Turnover: ₹139.59 crore
• Subsidiary FY23 Turnover: ₹99.15 crore
• Subsidiary Incorporation Date: September 06, 2010

What Changes for the Business

• Shakti Pumps is expanding into manufacturing solar DCR cells and solar PV modules, a new area beyond its current solar structure and rooftop business.
• The company is establishing a new manufacturing facility to achieve a substantial production capacity of 2.20 GW.

What to Track Next

• Progress on the establishment of the 2.20 GW solar manufacturing plant in Pithampur.
• Future production output and sales from the new plant.

Summary

• Shakti Pumps (India) Limited has invested ₹17.00 crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited.
• This capital infusion is for setting up a new greenfield manufacturing facility for Solar DCR cells and Solar PV modules in Pithampur, Madhya Pradesh.
• The plant will have a substantial production capacity of 2.20 GW.

Key Numbers & Dates

• Investment Amount: ₹17.00 crore
• Production Capacity: 2.20 GW
• Subsidiary Turnover (FY2025): ₹216.53 crore
• Subsidiary Turnover (FY2024): ₹139.59 crore
• Subsidiary Turnover (FY2023): ₹99.15 crore
• Date of Investment: April 17, 2026
• SEBI Circular Date: July 13, 2023
• Intimation Date: April 18, 2026

What Changes for the Business

• The company is establishing a new manufacturing unit dedicated to solar DCR cells and PV modules.
• This expands its footprint in solar energy component manufacturing and significantly increases production capacity.

Summary

• Shakti Pumps (India) Limited has informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) that it does not qualify as a "Large Corporate" as per SEBI's framework.
• This declaration, based on a SEBI Circular dated November 26, 2018, impacts the regulations applicable to the company for raising funds through debt securities.

Key Numbers & Dates

• SEBI Circular Date: November 26, 2018 (Framework for fund raising by Large Companies)
• Declaration Date: April 10, 2026 (Date of the letter to exchanges)

What Changes for the Business

• By not being classified as a "Large Corporate," Shakti Pumps will follow different SEBI regulations for issuing debt securities.
• This non-classification might offer different pathways or requirements for the company when seeking funds through debt instruments compared to large corporations.

Summary

• Shakti Pumps (India) Limited has filed a mandatory confirmation certificate with the stock exchanges (NSE and BSE).
• This filing is pursuant to Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018, for the quarter ending March 31, 2026.
• The certificate, issued by their Registrar and Share Transfer Agent, Adroit Corporate Services Pvt. Ltd., confirms the proper handling of securities for dematerialisation.

Key Numbers & Dates

• Period Covered: Quarter ended March 31, 2026
• Filing Date: April 8, 2026

Summary

• Shakti Pumps (India) Limited has issued a notice regarding the closure of its trading window.
• This action is a regulatory requirement aligned with SEBI's code for preventing insider trading.

Key Numbers & Dates

• Trading window closure start date: April 1, 2026
• Trading window remains closed until: 48 hours after declaration of Audited Financial Results for the quarter and year ended March 31, 2026

What Changes for the Business

• Designated persons and their immediate relatives are prohibited from dealing in the company's shares during this closed period.
• This restriction is to ensure compliance with insider trading regulations and maintain market fairness.

What to Track Next

• Investors should monitor for the announcement of Shakti Pumps' Audited Financial Results for the quarter and year ended March 31, 2026, after which the trading window will reopen.

Summary

• Shakti Pumps (India) Limited is investing ₹5.00 crore into its wholly-owned subsidiary, Shakti Energy Solutions Limited.
• This funding is for establishing a new greenfield manufacturing plant for Solar DCR cells and Solar PV modules in Pithampur, Madhya Pradesh.
• The plant will have a significant production capacity of 2.20 GW.
• This expansion marks Shakti Pumps' entry into the solar energy manufacturing sector.

Key Numbers & Dates

• Investment in Subsidiary: ₹5.00 crore
• Solar Plant Capacity: 2.20 GW
• Subsidiary FY25 Turnover: ₹216.53 crore
• Subsidiary FY24 Turnover: ₹139.59 crore
• Subsidiary FY23 Turnover: ₹99.15 crore
• Filing Date: 24/03/2026
• Subsidiary Incorporation Date: 06/09/2010

What Changes for the Business

• Expansion into manufacturing Solar DCR cells and Solar PV modules, diversifying beyond existing products.
• Establishment of a new greenfield facility with a significant 2.20 GW production capacity.
• Increased focus on renewable energy solutions through a wholly-owned subsidiary.

⚠️ What Could Go Wrong (source-based)

• [Execution] Setting up a new greenfield manufacturing plant of this scale may involve execution challenges.
• [Financial] The financial performance of the new plant will be crucial for profitability.

What to Track Next

• Progress on the establishment of the new solar manufacturing plant.
• Future financial performance and turnover of Shakti Energy Solutions Limited.
• Contribution of the solar segment to Shakti Pumps' overall revenue and profitability.

Summary

• Shakti Pumps (India) Limited shareholders have overwhelmingly approved the appointment of Mrs. Bela Bharatendu Jani as a Non-Executive Woman Independent Director.
• The resolution passed with a substantial majority of 99.99% votes in favour during the postal ballot e-voting process.
• The e-voting period concluded on March 19, 2026, and the results were officially announced on March 20, 2026.

Key Numbers & Dates

• Appointment of Mrs. Bela Bharatendu Jani as Non-Executive Woman Independent Director approved.
• Votes in favour: 7,57,49,251 (99.99%)
• Votes against: 2,573 (0.01%)
• Total members who cast votes: 489
• Resolution passed on: March 19, 2026
• E-voting concluded on: March 19, 2026

What Changes for the Business

• Strengthening of the Board of Directors with the addition of an Independent Woman Director.

⚠️ What Could Go Wrong (source-based)

• No specific risks are mentioned in the source text that could be extracted.

Summary

• Shakti Pumps (India) Limited shareholders have approved the appointment of Mrs. Bela Bharatendu Jani as a Non-Executive Woman Independent Director.
• The resolution passed with overwhelming support, receiving 99.99% of the votes cast during the postal ballot.

Key Numbers & Dates

• Voting Outcome: 7,57,49,251 votes (99.99%) were in favour of the appointment, while 2,573 votes (0.01%) were against it.
• Total Shares Voted: 7,57,51,824 shares were voted in total through remote e-voting.
• Voters: 489 members cast their votes.
• Key Date: The resolution was passed on March 19, 2026.

Pursuant to SEBI regulations and a circular dated January 30, 2026, Shakti Pumps (India) Limited has published a notification in leading newspapers. This notice informs shareholders about the 'Special Window' for re-lodging transfer requests for physical shares, aimed at facilitating their dematerialisation. The company is fulfilling its disclosure obligations regarding this SEBI directive.

Summary

• Shakti Pumps (India) Limited has clarified with the stock exchange regarding a significant increase in its share trading volume.
• The company stated that the surge is market-driven and no material undisclosed information is affecting the stock's price or volume.
• They confirmed compliance with SEBI disclosure norms.

Key Numbers & Dates

• Letter Date: 12/03/2026

Summary

• Shakti Pumps (India) Limited ("Company") management will participate in the 'Investec India Promoter & Founder Conference 2026' organized by Investec.
• The conference is scheduled to take place in Mumbai on March 10, 2026, from 11:00 AM to 6:00 PM.
• Discussions at the event will be based on publicly available documents.

Key Numbers & Dates

• March 10, 2026: Date of the 'Investec India Promoter & Founder Conference 2026'.
• February 13, 2026: Date the investor presentation was uploaded to the company website and intimated to stock exchanges.

What Changes for the Business

• Management interaction with investors and promoters through a conference organized by Investec.
• Company has made an investor presentation publicly available.

⚠️ What Could Go Wrong (source-based)

• [Other] The investor conference is subject to change in case of exigencies or schedule changes by the organizer, investor, or the company.

Results Snapshot

• Not applicable.

What to Track Next

• Monitor for any updates regarding potential changes to the conference schedule.

News Crux

This announcement is a transcript of the Earnings Call held on February 14, 2026, for Shakti Pumps (India) Limited's unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3 & 9MFY'26).

Quarterly Results

Management stated that Q3 FY'26 performance was below earlier expectations due to a deliberate moderation of execution, particularly in Maharashtra, to address elevated receivable levels and strengthen the balance sheet. This strategic decision resulted in lower revenue recognition and pressure on margins on both a Q-o-Q and Y-o-Y basis.

Key factors impacting margins included lower realizations (around 4% in Magel Tyala orders), a continued increase in raw material prices (copper, steel, solar panels) by around 2%, and higher employee costs. Additionally, the company consumed inventory procured at higher input prices in Q2 FY'26. A one-time manpower cost of INR4.4 crores was incurred due to the implementation of new Labor Codes.

Revenue from the export business stood at INR105 crores in Q3 FY'26. Trade receivables remained broadly stable compared to Q2 FY'26, reflecting improved collections and tighter execution discipline.

Guidance & Strategy

Management highlighted that the decision to pause execution of orders worth approximately INR200 crores was strategic, prioritizing cash flows and working capital discipline over short-term revenue growth. Execution in Maharashtra has resumed following improved payment visibility from the Asian Infrastructure Investment Bank (AIIB) and the state government.

The company maintains a strong, diversified order book of approximately INR2,100 crores. Entry into Karnataka with the first large order marks expansion into the southern region, with execution aligned to payment timelines.

Export business remained resilient, with retail business reporting 25% Y-o-Y growth. Revenue from exports was INR105 crores in Q3 FY'26. The export segment is expected to grow, supported by trade agreements.

Emerging businesses like solar rooftop are expanding, with significant traction in cash sales (INR66.6 crores in 9MFY'26, +68% Y-o-Y). The solar rooftop business is preparing for meaningful contribution post the commissioning of a 500 MW DCR module capacity in Q1 FY'27.

Q4 FY'26 is anticipated to be the highest revenue quarter ever, with efforts to reach close to the full-year FY'26 revenue guidance.

The company's long-term vision includes achieving INR5,000 crores in revenue by FY'28, supported by backward integration, diversification, and expansion in export markets.

Financial Deep Dive

The order book stands at approximately INR2,100 crores. Working capital position is stabilizing, with improved collections and increased execution pace in Maharashtra following fund releases.

Interest costs were INR18 crores in Q3 FY'26, expected to increase due to financing for new projects, including the solar plant which requires INR400-500 crores of debt out of a total investment of INR1200 crores.

Raw material prices for copper, steel, and solar panels saw increases, impacting margins, although the company benefits from dollar appreciation while its raw material costs are dollar-linked.

A one-time manpower cost of INR4.4 crores was incurred. Trade receivables remained stable in Q3 FY'26 compared to Q2 FY'26.

Key Events

• Pump expansion project to commence trial runs by August '26.
• 500 MW solar module capacity expected to commission in Q1 FY'27.
• 2.2 GW solar cell plus module capacity expected operational by April 2027.
• Shakti EV business development is progressing, with sales anticipated in FY'27.

Outlook

Management expects execution momentum to improve significantly in Q4 FY'26, aiming for their highest revenue quarter ever. The company is focused on strengthening the balance sheet, disciplined execution, and sustainable growth.

FY'28 revenue target is INR5,000 crores. Retail business (domestic and export) is expected to maintain over 25% annual growth. The solar plant's backward integration is projected to increase margins by approximately 3% and improve supply chain efficiency.

News Crux

Shakti Pumps (India) Limited has announced the availability of the transcript from its earnings call, which was held on February 14, 2026. The call focused on the un-audited financial results for the quarter and the nine-month period ended December 31, 2025.

Shakti Pumps (India) Limited has officially informed the National Stock Exchange and BSE Limited about the publication of its Postal Ballot Notice in Business Standard (Hindi) and Free Press (English). This action fulfills regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The notice serves to inform shareholders about resolutions requiring their consent and facilitates their active participation in the company's governance.

News Crux

Shakti Pumps (India) Limited has issued a notice for a postal ballot, seeking shareholder approval for the appointment of Mrs. Bela Bharatendu Jani as a Non-Executive Woman Independent Director. The e-voting process will be conducted remotely.

Key Events

• Shakti Pumps (India) Limited announced the initiation of a postal ballot to appoint Mrs. Bela Bharatendu Jani as a Non-Executive Woman Independent Director. The e-voting period is from February 18, 2026, to March 19, 2026.

NA

News Crux

Announcement regarding the availability of the audio recording of a conference call.

Key Events

Audio recording of the conference call held on February 14, 2026, concerning the un-audited financial results for the quarter and nine months ended December 31, 2025, has been made available on the company's website and via a provided link.

Shakti Pumps (India) Limited has officially published its unaudited financial results for the third quarter and the first nine months of the fiscal year ending December 31, 2025. This disclosure was made to the Listing Department of the National Stock Exchange of India and the Corporate Relationship Department of BSE Limited. The publication appeared in the Business Standard (Hindi) and The Economic Times (English) editions on February 14, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

News Crux

Investor presentation for Q3 & 9M FY26 results, detailing performance impacts from strategic receivables management, cost pressures, and future outlook.

Quarterly Results

Consolidated:

• Q3 FY26 Revenue: ₹5,510 Mn vs ₹6,488 Mn (YoY: -15.1%)
• Q3 FY26 EBITDA: ₹590 Mn vs ₹1,544 Mn (YoY: -61.7%)
• Q3 FY26 EBITDA Margin: 10.7% vs 23.8% (YoY: -13.1 pp)
• Q3 FY26 PAT: ₹317 Mn vs ₹1,041 Mn (YoY: -69.6%)
• Q3 FY26 PAT Margin: 5.8% vs 16.0% (YoY: -10.2 pp)
• Q3 FY26 EPS: ₹2.6 vs ₹8.7 (YoY: -70.1%)
• 9M FY26 Revenue: ₹18,398 Mn vs ₹18,509 Mn (YoY: -0.6%)
• 9M FY26 EBITDA: ₹3,385 Mn vs ₹4,390 Mn (YoY: -22.9%)
• 9M FY26 EBITDA Margin: 18.4% vs 23.7% (YoY: -5.3 pp)
• 9M FY26 PAT: ₹2,192 Mn vs ₹2,981 Mn (YoY: -26.5%)
• 9M FY26 PAT Margin: 11.9% vs 16.1% (YoY: -4.2 pp)
• 9M FY26 EPS: ₹17.9 vs ₹24.8 (YoY: -27.8%)
• Note: Quarter-on-quarter (QoQ) comparison data for Q3 FY26 vs Q2 FY26 is not available in the provided text.

Standalone:

• Standalone results are not provided in this presentation.

Financial Deep Dive

• Management commentary indicates Q3 revenue and EBITDA were impacted by a deliberate moderation in execution, particularly in Maharashtra, to address elevated receivable levels.
• Margin pressure in Q3 FY26 was attributed to lower realisations (~4%), increased raw material prices (copper, steel, solar panels, ~2%), and higher employee costs, including a one-time ₹44 Mn impact from the new labour code implementation.
• Export revenues continued to perform well and are expected to grow at a healthy pace.
• Trade receivables remained broadly stable QoQ, reflecting improved collections.
• The order book stands at ₹21,000 Mn (inclusive of GST), diversified across multiple states.
• The company is resuming execution in Maharashtra following fund sanctions from AIIB and the state government.
• Focus remains on consolidating the balance sheet.
• Consolidated Net Fixed Assets increased from ₹1,878 Mn in Mar’24 to ₹2,595 Mn in Mar’25, indicating asset base expansion.

Key Events

• Entry into the Southern region with a maiden order win from Karnataka worth ₹6,540 Mn.
• Resumption of execution in Maharashtra following release of funds from AIIB and the state government.
• Company expects Q4 FY26 to be its highest revenue quarter ever.

Outlook

• Execution momentum is expected to improve in Q4 FY26, which is anticipated to be the highest revenue quarter.
• Focus remains on consolidating the balance sheet, disciplined execution, and sustainable growth.
• Investments in new and emerging segments (EV, Solar Rooftop) are expected to contribute from FY27.
• Export revenues are expected to grow at a healthy pace.
• Capacity expansions are underway for pumps, motors, VFDs, solar structures, and a new 2.2 GW solar DCR cell and PV module plant.

News Crux

Shakti Pumps (India) Limited announced its Q3 FY26 and 9M FY26 financial results. The company reported a substantial YoY decline in Q3 performance due to a strategic decision to pause execution in Maharashtra to manage high receivable levels. Revenue fell, margins compressed significantly due to cost pressures and lower realisations, and PAT dropped nearly 70%.

Quarterly Results

Consolidated Q3 FY26 vs Q3 FY25:

• Revenue from Operations: ₹551 Cr vs ₹648.8 Cr (Down 15.1%)
• EBITDA: ₹59 Cr vs ₹154.4 Cr (Down 61.8%)
• EBITDA Margin: 10.7% vs 23.8%
• Profit Before Tax (PBT): ₹41.8 Cr vs ₹141.6 Cr (Down 70.5%)
• Profit After Tax (PAT): ₹31.7 Cr vs ₹104.1 Cr (Down 69.6%)
• PAT Margin: 5.8% vs 16.0%
• Basic EPS: ₹2.6 vs ₹8.7 (Down 70.1%)
  Consolidated 9M FY26 vs 9M FY25:
• Revenue from Operations: ₹1,839.8 Cr vs ₹1,850.9 Cr (Down 0.6%)
• EBITDA: ₹338.5 Cr vs ₹439.0 Cr (Down 22.9%)
• EBITDA Margin: 18.4% vs 23.7%
• Profit Before Tax (PBT): ₹292.9 Cr vs ₹405.6 Cr (Down 27.8%)
• Profit After Tax (PAT): ₹219.2 Cr vs ₹298.1 Cr (Down 26.5%)
• PAT Margin: 11.9% vs 16.1%
• Basic EPS: ₹17.9 vs ₹24.8 (Down 27.8%)
  Exceptional Items: A one-time employee cost of ₹4.4 Cr due to the implementation of the new labor code impacted margins.

Guidance & Strategy

Management commentary indicates a deliberate strategy to moderate execution, particularly in Maharashtra, to address elevated receivable levels and manage balance sheet strength. Approximately ₹200 Cr worth of orders were paused for this purpose, impacting sequential and YoY revenue recognition.
Despite short-term impacts, the company prioritizes working capital discipline over immediate revenue growth.
Margins were affected by lower realisations (~4%), sustained increase in raw material prices (copper, steel, solar panels ~2%), and higher employee costs.
Export revenues are performing well and expected to grow.
The company anticipates Q4 FY26 to be its highest revenue quarter ever, though some revenue may spill into subsequent quarters.
Focus remains on consolidating the balance sheet, disciplined execution, and sustainable long-term value creation.
Investments are being made in new and emerging segments expected to contribute from FY27.
Government budget allocations for PM KUSUM and PM Surya Ghar schemes have increased significantly.

Financial Deep Dive

Revenue Drivers: Q3 revenue decline attributed to paused execution in Maharashtra. 9M revenue remained flat. Margin compression driven by lower realisations, higher input costs, and employee expenses (including one-time ₹4.4 Cr impact).
Receivables Position (as of Dec 31, 2025): Total Receivables stood at ₹1,697 Cr.

• Not Due: 29.6% (₹502.8 Cr)
• 0-90 Days: 33.6% (₹571.0 Cr)
• 90-180 Days: 14.1% (₹240.0 Cr)
• 181-365 Days: 12.9% (₹218.8 Cr)
• More than 365 Days: 9.7% (₹164.4 Cr)
  The company stated that trade receivables remained broadly stable compared to the previous quarter, reflecting improved collections and effective working capital management.
  Order Book: Stood at approximately ₹2,100 Cr (inclusive of GST) as of Feb 13, 2026. Recent inflows worth ₹1,900 Cr were secured across states like Maharashtra, Karnataka, MP, Jharkhand, Haryana. A maiden order worth ₹654 Cr for 16,780 Solar Pumps was secured from Karnataka.
  Capacity Expansion: Ongoing Capex of ₹1,700 Cr. Plans include doubling Pumps & Motors capacity to 10 Lakhs by Aug 2026. Significant investment of ₹78 Cr in a wholly-owned subsidiary for a 2.2 GW DCR solar cell and PV module manufacturing plant targeting Q1FY27 commissioning.

⚠️ Investor Risks & Governance

Performance Decline: Consolidated PAT dropped by 69.6% YoY in Q3 FY26 to ₹31.7 Cr, and EBITDA margins compressed sharply to 10.7% from 23.8% due to a deliberate slowdown in execution. 9M FY26 PAT declined 26.5% YoY.
Receivables Management: Total receivables stand at ₹1,697 Cr. A significant portion, 9.7% (₹164.4 Cr), is overdue by more than 365 days, indicating potential collection challenges despite management's assurances of improved collections and stable QoQ receivables.
Execution Pause: The company intentionally paused execution of approximately ₹200 Cr in orders to manage receivables, directly impacting revenue recognition and profitability in the current quarter.
Cost Pressures: Margins are impacted by lower realisations, sustained increases in raw material prices, and one-time employee costs.

Key Events

Shakti Pumps emerged as a leading contributor in Maharashtra's Guinness Record attempt for solar water pump installations under the Magel Tyala Saur Krushi Pump Yojana, achieving 45,911 installations in one month.

Outlook

Q4 FY26 is expected to be the highest revenue quarter ever, though some revenue spillover is anticipated.
Margins for the current year are likely to remain impacted but focus is on balance sheet consolidation and sustainable growth.
Emerging businesses (cash sales, solar rooftop) are expected to contribute from FY27, especially after the 0.5 GW DCR Module capacity commissioning in Q1FY27.
Export business is expected to gain traction due to trade agreements and company's international project execution history.

News Crux

Shakti Pumps (India) Limited announced the appointment of Mrs. Bela Bharatendu Jani as an Additional cum Non-Executive Woman Independent Director of the company. This appointment is effective from February 13, 2026, for a term of two years, subject to the approval of the company's members.

Key Events

• Appointment of Director: Shakti Pumps (India) Limited has appointed Mrs. Bela Bharatendu Jani as an Additional cum Non-Executive Woman Independent Director.
• Effective Date & Term: The appointment is effective from February 13, 2026, and will be for a term of two years, pending approval from the company's members.
• Director's Profile: Mrs. Bela Bharatendu Jani is a retired Executive Engineer from Gujarat State Electricity Corporation Limited with 37 years of experience in the renewable energy sector, specifically solar power. Her expertise includes project planning, implementation, procurement, MIS, tendering, and coordination with government agencies. She currently works as a consultant in Renewable Energy.
• Compliance: The appointed director is not debarred from holding the office of a Director by any SEBI order or other authority.

News Crux

The Board of Directors of Shakti Pumps (India) Limited, in its meeting held on February 13, 2026, considered and approved the Unaudited Consolidated and Standalone Financial Results for the quarter and nine months ended December 31, 2025. The board also approved the appointment of Mrs. Bela Bharatendu Jani as an Additional cum Non-Executive Woman Independent Director, pending shareholder approval.

Quarterly Results

Consolidated:
For the quarter ended December 31, 2025 (Q3 FY26), Consolidated Revenue from operations stood at ₹550.99 Cr, a decrease of 15.07% compared to ₹648.77 Cr in the same quarter last year (Q3 FY25). Quarter-on-Quarter (QoQ), revenue declined by 17.31% from ₹666.35 Cr in Q2 FY26.
Consolidated Profit After Tax (PAT) for Q3 FY26 was ₹31.70 Cr, a significant drop of 69.54% from ₹104.05 Cr in Q3 FY25. QoQ, PAT decreased by 65.05% from ₹90.71 Cr in Q2 FY26.
Consolidated Basic EPS for Q3 FY26 was ₹2.57, down from ₹8.66 in Q3 FY25 (a 70.32% decrease).

Standalone:
For the quarter ended December 31, 2025 (Q3 FY26), Standalone Revenue from operations was ₹546.08 Cr, a decrease of 15.66% compared to ₹647.48 Cr in Q3 FY25. QoQ, revenue declined by 17.48% from ₹661.72 Cr in Q2 FY26.
Standalone Profit After Tax (PAT) for Q3 FY26 was ₹30.05 Cr, a decrease of 71.31% from ₹104.67 Cr in Q3 FY25. QoQ, PAT decreased by 66.69% from ₹90.20 Cr in Q2 FY26.
Standalone Basic EPS for Q3 FY26 was ₹2.44, down from ₹8.71 in Q3 FY25 (a 71.99% decrease).

Nine Months Ended December 31, 2025:
Consolidated Revenue for the nine months ended December 31, 2025, was ₹1,839.84 Cr, a marginal decrease of 0.57% from ₹1,850.92 Cr in the same period last year. Consolidated PAT for the nine months was ₹219.25 Cr, down 26.50% from ₹298.14 Cr in the prior year period.
Standalone Revenue for the nine months ended December 31, 2025, was ₹1,800.75 Cr, a decrease of 1.53% from ₹1,828.28 Cr in the prior year period. Standalone PAT for the nine months was ₹214.66 Cr, down 25.99% from ₹289.23 Cr in the prior year period.

Financial Deep Dive

Income Statement Drivers: The decline in revenue was observed in both consolidated and standalone figures for the quarter. Cost of materials consumed increased YoY in Q3 FY26 for consolidated results. Employee benefits expense and finance costs also saw an increase on a YoY and QoQ basis. An incremental impact of ₹4.41 Crores (Consolidated) and ₹4.10 Crores (Standalone) for gratuity and long-term compensated absences, due to the notification of four Labour Codes by the Government of India, was recognized under Employee Benefit Expenses.

Balance Sheet: Total consolidated segment assets grew substantially from ₹2,060.01 Cr as of December 31, 2024, to ₹3,050.16 Cr as of December 31, 2025, representing an increase of 48.06%. Segment liabilities also grew from ₹1,013.05 Cr to ₹1,388.18 Cr over the same period.

Key Events

• Appointment of Mrs. Bela Bharatendu Jani (DIN: 11539694) as an Additional cum Non-Executive Woman Independent Director for a term of two years, subject to the approval of the Members.
• Final dividend for the year ended March 31, 2025, of ₹1 per share (₹12.34 Cr total) was paid during the current quarter.

News Crux

Shakti Pumps (India) Limited announced the outcome of its Board Meeting held on February 13, 2026. The board approved the Unaudited Consolidated and Standalone Financial Results for the quarter and nine months ended December 31, 2025. Additionally, the appointment of Mrs. Bela Bharatendu Jani as an Additional cum Non-Executive Woman Independent Director was approved, pending shareholder consent.

Quarterly Results

Consolidated Results (Quarter Ended December 31, 2025 vs December 31, 2024):

• Revenue from operations: ₹550.99 Cr (Q3 FY26) vs ₹648.77 Cr (Q3 FY25). YoY: -15.1%
• Profit Before Tax: ₹41.76 Cr (Q3 FY26) vs ₹141.55 Cr (Q3 FY25). YoY: -70.5%
• Profit After Tax: ₹31.70 Cr (Q3 FY26) vs ₹104.05 Cr (Q3 FY25). YoY: -69.5%
• Basic EPS: ₹2.57 (Q3 FY26) vs ₹8.66 (Q3 FY25). YoY: -70.3%

Consolidated Results (Quarter Ended December 31, 2025 vs September 30, 2025):

• Revenue from operations: ₹550.99 Cr (Q3 FY26) vs ₹666.35 Cr (Q2 FY26). QoQ: -17.3%
• Profit Before Tax: ₹41.76 Cr (Q3 FY26) vs ₹121.52 Cr (Q2 FY26). QoQ: -65.6%
• Profit After Tax: ₹31.70 Cr (Q3 FY26) vs ₹90.71 Cr (Q2 FY26). QoQ: -65.1%
• Basic EPS: ₹2.57 (Q3 FY26) vs ₹7.35 (Q2 FY26). QoQ: -65.0%

Standalone Results (Quarter Ended December 31, 2025 vs December 31, 2024):

• Revenue from operations: ₹546.08 Cr (Q3 FY26) vs ₹647.48 Cr (Q3 FY25). YoY: -15.7%
• Profit Before Tax: ₹39.66 Cr (Q3 FY26) vs ₹139.90 Cr (Q3 FY25). YoY: -71.7%
• Profit After Tax: ₹30.05 Cr (Q3 FY26) vs ₹104.67 Cr (Q3 FY25). YoY: -71.3%
• Basic EPS: ₹2.44 (Q3 FY26) vs ₹8.71 (Q3 FY25). YoY: -72.0%

Standalone Results (Quarter Ended December 31, 2025 vs September 30, 2025):

• Revenue from operations: ₹546.08 Cr (Q3 FY26) vs ₹649.16 Cr (Q2 FY26). QoQ: -15.9%
• Profit Before Tax: ₹39.66 Cr (Q3 FY26) vs ₹118.23 Cr (Q2 FY26). QoQ: -66.5%
• Profit After Tax: ₹30.05 Cr (Q3 FY26) vs ₹90.20 Cr (Q2 FY26). QoQ: -66.7%
• Basic EPS: ₹2.44 (Q3 FY26) vs ₹7.31 (Q2 FY26). QoQ: -66.6%

Financial Deep Dive

• The company recognized an incremental impact of Rs. 4.41 Cr for gratuity and long-term compensated absences due to the new Labour Codes on consolidated employee benefit expenses. On a standalone basis, this impact was Rs. 4.10 Cr.
• Consolidated Segment Assets for India stood at ₹2,980.50 Cr for Q3 FY26, a substantial increase from ₹1,988.02 Cr in Q3 FY25. Total Capital Employed (Consolidated) was ₹1,661.98 Cr as of December 31, 2025.

⚠️ Investor Risks & Governance

• A consolidated financial results disclosure notes that the interim financial information of one subsidiary, reflecting minimal revenue and a loss, was not reviewed by its auditors. The management stated this information is not material to the Group, and the auditors' conclusion remains unmodified. However, this omission warrants attention.
• The company reported a significant year-on-year decline in both revenue (Consolidated: -15.1%, Standalone: -15.7%) and profit (Consolidated PAT: -69.5%, Standalone PAT: -71.3%) for the quarter ended December 31, 2025, indicating a period of substantial underperformance.

Key Events

• Mrs. Bela Bharatendu Jani was appointed as an Additional cum Non-Executive Woman Independent Director for a term of two years, subject to member approval.

News Crux

The Monitoring Agency Report from India Ratings & Research for Shakti Pumps (India) Limited, covering the quarter ended December 31, 2025 (Q3 FY26), confirms that there has been no deviation from the stated objects for the utilization of funds raised through Qualified Institutions Placements (QIPs) in March 2024 and July 2025. The report details the deployment of these funds towards capacity expansion and general corporate purposes. However, it also highlights revised timelines for project completion and substantial unutilized QIP proceeds as of the reporting date.

⚠️ Investor Risks & Governance

• Project Delays: The report flags revised completion dates for key project milestones. Original timelines for Land Acquisition were June 30, 2024, now revised to August 10, 2025. Site Development & Civil Construction, originally June 30, 2025, is now April 30, 2026. Plant Commissioning, initially December 31, 2025, is pushed to July 31, 2026, and trail run/production to August 31, 2026.
• Unutilized QIP Funds: As of December 31, 2025, significant portions of the QIP proceeds remain unutilized. The QIP raised in March 2024 (INR 2,000 Mn) had INR 1,158.35 Mn unutilized. The QIP raised in July 2025 (INR 2,926 Mn) had INR 2,077.90 Mn unutilized.
• Monitoring Agency Role: India Ratings & Research explicitly states that it does not perform an audit and undertakes no independent verification of information provided by the issuer, relying on management undertakings and certifications.

Key Events

Revised project timelines for capacity expansion including land acquisition, site development, and plant commissioning.

Outlook

The project execution outlook has been extended, with key commissioning milestones now targeted for mid-to-late 2026.

Shakti Pumps (India) Limited has issued an intimation regarding its upcoming earnings conference call for the third quarter and nine months ending December 31, 2025. The call is scheduled to take place on Saturday, February 14, 2026, at 14:00 PM IST. The purpose of the call is to discuss the company's un-audited financial results for the aforementioned periods. The management team participating in the call includes Mr. Dinesh Patidar (Chairman), Mr. Ramesh Patidar (Managing Director), Mr. Dinesh Patel (Chief Financial Officer), Mr. Ravi Patidar (Company Secretary & Compliance Officer), and Mr. Ramakrishna Sataluri (Chief Executive Officer of Shakti Energy Solutions Limited). Dial-in details and contact information for Ernst & Young LLP, who are facilitating the call, have also been provided. This announcement serves to inform stakeholders about the upcoming discussion of financial performance and does not include the actual financial results or forward-looking guidance.

Shakti Pumps (India) Limited - Board Meeting Announcement

News Crux

Shakti Pumps (India) Limited has announced that a meeting of its Board of Directors will be held on February 13, 2026.

Quarterly/Annual Results

The primary agenda for this board meeting is to consider and approve the un-audited consolidated and standalone financial results for the third quarter and the first nine months of the fiscal year ending December 31, 2025. A Limited Review Report will also be presented alongside these financial statements. The actual financial figures and performance metrics are not yet disclosed in this announcement.

Key events

The key event announced is the scheduling of the Board Meeting on February 13, 2026.

Shakti Pumps (India) Limited has disclosed an improvement in its Environmental, Social, and Governance (ESG) score. According to a report issued by SES ESG Research Private Limited on January 23, 2026, the company's overall ESG score has increased from 60.7 in the financial year 2023-24 to 67.6 for the financial year 2024-25.

It is important to note that Shakti Pumps (India) Limited did not commission or engage SES ESG Research Pvt. Ltd. for obtaining these ESG ratings. The report was independently prepared by SES ESG Research using information that was publicly accessible.

The announcement was made to the National Stock Exchange of India Ltd. and BSE Limited on January 24, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shakti Pumps (India) Limited has submitted a regulatory report to the National Stock Exchange of India Ltd. and BSE Limited concerning the transfer of physical shares. The report, dated January 21, 2026, is from the company's Registrar and Transfer Agent, M/s. Adroit Corporate Services Private Limited.

This filing is in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, which introduced a 'Special Window for Re-lodgement of Transfer Requests of Physical Shares' to facilitate ease of doing investment. The report covers transfer requests for physical shares that were re-lodged for transfer cum demat during the period from December 01, 2025, to January 06, 2026.

The company has informed the exchanges that this report has been taken on record for their information and for the information of the members.

Shakti Pumps (India) Limited has announced a significant strategic investment of ₹75 Crores into its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL). This capital infusion is earmarked for establishing a new 2.20 GW greenfield manufacturing plant in Pithampur, Madhya Pradesh. The plant will focus on producing high-efficiency Solar DCR cells and Solar PV modules, marking a substantial expansion in the company's renewable energy capabilities. SESL, incorporated in 2010, reported a turnover of ₹216.53 Crores in FY25, with previous years also showing growth (FY24: ₹139.59 Crores, FY23: ₹99.15 Crores). This move is expected to bolster Shakti Pumps' product portfolio and capitalize on the burgeoning demand in the solar energy sector. The investment is in equity shares, and no specific government or regulatory approvals are required for this expansion. The company sees this as a key step in enhancing its manufacturing capacity and revenue streams within the cleantech space.

Shakti Pumps (India) Limited has announced a significant addition to its order book with a maiden order from Karnataka Renewable Energy Development Limited (KREDL) for 16,780 Solar Photovoltaic Water Pumping Systems (SPWPS), valued at approximately ₹654.03 Crores (inclusive of GST). This marks the company's entry into the Southern region, expanding its market reach.

This order is part of cumulative orders amounting to approximately ₹1,900 Crores (inclusive of GST) secured across various states including Madhya Pradesh, Jharkhand, Haryana, and Maharashtra, within the last month. These wins reinforce Shakti Pumps' leading position in solar pump programs and its commitment to providing sustainable energy solutions for agriculture.

According to Chairman Mr. Dinesh Patidar, the order from KREDL reflects the continued trust placed in Shakti Pumps' capabilities by state agencies. He emphasized the growing adoption of solar pumping solutions across the country and the company's ability to meet this demand, with a future focus on timely execution, technological innovation, and contributing to India’s renewable energy and sustainable agriculture goals.

No specific quarterly or annual financial results (revenue, PAT, EBITDA, margins) were detailed in this press release. Similarly, no detailed financial statements, balance sheet information, cash flow data, or key ratios were provided in this announcement. The management's outlook, as expressed by the Chairman, is positive, emphasizing growth through timely execution and innovation in the renewable energy sector.

Shakti Pumps (India) Limited has secured a significant Letter of Award from Karnataka Renewable Energy Development Limited (KREDL) for 16,780 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme, valued at approximately ₹654.03 Crores (inclusive of GST), to be executed by March 31, 2026. This award, encompassing design, manufacture, supply, installation, testing, and commissioning, significantly bolsters the company's order book, adding to recent substantial orders totaling approximately ₹900 Crores from MSEDCL, Madhya Pradesh, and Jharkhand, reinforcing its market leadership. While FY25 performance was exceptionally strong with revenue surging 83.6% YoY and PAT 188.2% YoY, Q2 FY26 results indicated margin compression to 20.4% and a PAT decline of 10.5% YoY due to raw material inflation, despite a 5.0% YoY revenue growth. The company has substantial capital expenditure plans, including a ₹25 Crore investment for a 2.20 GW solar DCR cell and PV module plant, alongside a total planned Capex of ₹17,000 Mn for manufacturing expansion. Shakti Pumps also holds an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings, underscoring its commitment to sustainable growth.

Shakti Pumps (India) Limited has announced a strategic investment of ₹3,00,00,000/- (Rupees Three Crores Only) into its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL).

This capital infusion is earmarked for establishing a new greenfield manufacturing plant in Pithampur, Madhya Pradesh. The plant will focus on the production of high-efficiency Solar DCR cells and Solar PV modules, with an ambitious production capacity of 2.20 GW.

Shakti Energy Solutions Limited (SESL), incorporated on September 6, 2010, currently operates in the manufacturing of Solar Structures & Solar Rooftops and is expanding into core solar component manufacturing. For the financial year 2025, SESL reported a turnover of ₹216.53 Crores. The investment does not fall under related party transactions as SESL is a wholly-owned subsidiary, and therefore, the arm's length basis is not applicable.

This expansion is a key step for Shakti Pumps in enhancing its presence and capabilities within the renewable energy sector, particularly in solar power generation components, and is expected to bolster its future growth trajectory.

TruCap Finance Limited has submitted its regulatory filing for the quarter ended December 31, 2025, providing a certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This certificate, received from MCS Share Transfer Agent Limited, confirms the satisfactory processing of securities dematerialisation during the quarter. It states that securities received from depository participants were confirmed, and the security certificates were duly mutilated and cancelled, with the depositories' names substituted in the register of members within the stipulated timeframe. This filing is a standard administrative procedure and does not contain any new financial performance data, outlook, or significant operational updates. The company continues to face severe financial challenges, as indicated by previous reports of substantial net losses, increased NPAs, loan defaults, credit rating downgrades to 'D', and failed capital infusion attempts.

Shakti Pumps (India) Limited has secured a significant work order valued at approximately ₹23.54 Crores (inclusive of GST) from the Haryana Renewable Energy Department (HAREDA) for 792 Solar Water Pumping Systems (SWPS) under the PM-KUSUM Component-B scheme. The order mandates execution within 90 days, reinforcing the company's position in government renewable energy projects.

This new order follows a period of strong performance in FY2024-25, which saw record revenue of ₹25,162 Mn and PAT surging 188.2% YoY, supported by strong margins. However, Q1 FY26 reported a 9.7% YoY revenue increase, while Q2 FY26 results indicated a 5.0% YoY revenue growth to ₹666.35 Crores, but a 10.5% YoY decline in PAT to ₹90.71 Crores. This profit decline and EBITDA margin compression to 20.4% (from 23.4% YoY) were attributed to raw material inflation. Despite these pressures, the company maintains a healthy order book of ₹13,000 Mn as of November 2025.

Financially, the company has planned significant capital expenditures, including a ₹25 Crore investment into its subsidiary Shakti Energy Solutions for a new 2.20 GW solar manufacturing plant in Pithampur. The company also raised ₹292.60 Crores via a Qualified Institutions Placement (QIP) in Q2 FY26. FY25 financial metrics showed a robust ROE of 42.61% and ROCE of 43.9%.

Key events include participation in Maharashtra's Guinness World Record for solar pump installations and receiving an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings. The company's 30th AGM saw approval for a ₹1 per share dividend and enhanced borrowing powers up to ₹3,000 Crores. Promoter group entities have engaged in minor shareholding adjustments, with SEBI granting exemptions for internal restructuring.

The outlook remains focused on leveraging government renewable energy schemes, expanding manufacturing capacity for solar cells and modules, and diversifying into EV components. The company guides for 25-30% revenue growth in FY26. Key risks include raw material price volatility and the execution of large-scale capex projects.

Shakti Pumps (India) Limited has announced the receipt of a new work order from Madhya Pradesh Urja Vikas Nigam Limited. The order, valued at approximately ₹67.32 Crores (including GST), is for 1,952 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). These systems will be deployed across the entire state of Madhya Pradesh under Component-B of the PM-KUSUM scheme. The company has been given a timeframe of 120 days for the execution of this contract. The scope of work includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. This significant award underscores Shakti Pumps' ongoing success in capitalizing on government-driven renewable energy initiatives for the agricultural sector and reinforces its position in the solar pump market. The company has confirmed that there is no interest from its promoter or promoter group in the entity awarding the order, and it does not fall under related party transactions, adhering to regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shakti Pumps (India) Limited has announced receiving a significant work order from Madhya Pradesh Urja Vikas Nigam Limited for 4,840 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme. The total value of this order is approximately ₹170.25 Crores (inclusive of GST) and is slated for execution within 120 days. This order reinforces the company's strong position in the solar pump segment, adding to its considerable order pipeline.

Financially, the company's performance for Q2 FY26 revealed a consolidated revenue of ₹666.35 Crores, marking a 5.0% year-on-year increase. However, consolidated Profit After Tax (PAT) saw a decline of 10.5% YoY to ₹90.71 Crores. This profit reduction was primarily attributed to increased prices of key raw materials such as copper, steel, and solar panels, which compressed EBITDA margins to 20.4% from 23.4% in the previous year. For the first half of FY26 (H1 FY26), consolidated revenue grew 7.2% YoY to ₹1,288.85 Crores, while PAT declined 3.4% YoY to ₹187.54 Crores.

In contrast, FY2024-25 was a period of exceptional performance, with record revenue of ₹25,162 Mn (+83.6% YoY), EBITDA surging by 168.2% YoY, and PAT increasing by 188.2% YoY, resulting in strong ROE of 42.61% and ROCE of 43.9%.

Looking ahead, Shakti Pumps has guided for a revenue growth of 25-30% in FY26. The company maintains a robust order book of approximately ₹13,000 Crores. To support future growth, Shakti Pumps is undertaking a significant capital expenditure (Capex) plan of ₹17,000 Crores. This includes a strategic investment of ₹25 Crores into its wholly-owned subsidiary, Shakti Energy Solutions Limited, for establishing a new 2.20 GW greenfield manufacturing plant in Pithampur, Madhya Pradesh, focusing on high-efficiency solar DCR cells and PV modules.

Other notable developments include SEBI granting exemptions for internal promoter restructuring, the company receiving an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings, and the resignation of an independent director due to a conflict of interest, leading to a reconstitution of the Audit Committee. The company also saw its promoters increase their stake through open market purchases.

Shakti Pumps (India) Limited has announced a significant new order received on December 30, 2025, from the Jharkhand Renewable Energy Development Agency. This work order is for 1,000 units of stand-alone off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) to be installed across Jharkhand under Component-B of the PM-KUSUM scheme. The total value of this order is approximately ₹21.00 Crores, inclusive of GST, with execution mandated within 120 days from the Notice to Proceed (NTP). This marks the third order received from the state of Jharkhand, reinforcing the company's presence in the renewable energy sector for agricultural solutions.

Financially, Shakti Pumps reported strong performance in Fiscal Year 2025 (FY25), with revenue surging by 83.6% YoY to ₹25,162 Mn, accompanied by significant growth in EBITDA (+168.2% YoY) and PAT (+188.2% YoY). For Q1 FY26, the company reported a 9.7% YoY increase in revenue to ₹6,225 Mn and a 4.5% YoY rise in PAT to ₹968 Mn. However, Q2 FY26 results indicated revenue growth of 5.01% YoY to ₹666.35 Crore, but a decline in consolidated Profit After Tax (PAT) by 10.56% to ₹90.71 Crore. This dip in profitability was attributed to raw material inflation, which compressed EBITDA margins to 20.4% in Q2 FY26 and led to a 3.4% YoY decline in H1 FY26 PAT. The company had raised ₹292.60 Crore via a Qualified Institutions Placement (QIP) in July 2025, which helped offset some balance sheet pressures, though H1 FY26 saw an operating cash outflow of ₹478.39 Cr. Management has guided for 25-30% revenue growth in FY26.

The company maintains a robust order book of approximately ₹13,000 Million (as of November 2025) and has ambitious capital expenditure (CapEx) plans totaling ₹17,000 Million. This includes establishing a new greenfield manufacturing plant in Pithampur, Madhya Pradesh, for high-efficiency solar DCR cells and PV modules with a 2.20 GW capacity, signaling a strategic expansion into core solar component manufacturing. Significant investments have also been made into its EV mobility subsidiary. Shakti Pumps has also been recognized with an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings and contributed to Maharashtra achieving a Guinness World Record for solar pump installations.

Other notable recent events include securing substantial orders from MSEDCL (Maharashtra) totaling nearly ₹900 Crores over recent periods, and from MP Urja Vikas Nigam. The company has also undergone internal promoter restructuring with SEBI exemptions, and underwent changes in its Audit Committee composition due to a director's conflict of interest.

Shakti Pumps India has demonstrated strong growth drivers through significant order wins and strategic expansion plans. The company secured new solar pump orders aggregating to approximately ₹900 Crores from MSEDCL, MP Urja Vikas Nigam, and JREDA, further solidifying its market position in renewable energy solutions for agriculture.

Financially, FY25 was a record year, with revenue surging 83.6% YoY to ₹25,162 Mn, EBITDA growing 168.2% YoY to ₹6,030 Mn (24.0% margin), and PAT increasing 188.2% YoY to ₹4,084 Mn (16.2% margin). EPS stood at ₹34.0, ROE at 42.61%, and ROCE at 43.9%.

For Q1 FY26, revenue increased 9.7% YoY to ₹6,225 Mn, with EBITDA up 5.7% YoY to ₹1,436 Mn and PAT up 4.5% YoY to ₹968 Mn. The company guided for 25-30% revenue growth in FY26.

However, Q2 FY26 results presented a mixed picture. Consolidated revenue grew 5.0% YoY to ₹666.35 Crores, but consolidated PAT declined 10.5% YoY to ₹90.71 Crores. This was attributed to raw material inflation (copper, steel, solar panels), which compressed EBITDA margins to 20.4% from 23.4% YoY. Operating cash flow also saw an outflow of ₹478.39 Crores in H1 FY26 due to working capital changes.

Looking ahead, Shakti Pumps is undertaking a substantial ₹17,000 Crores capital expenditure plan. This includes a significant ₹25 Crores investment into its wholly-owned subsidiary, Shakti Energy Solutions Limited, for a new greenfield manufacturing plant in Pithampur, Madhya Pradesh. This plant will have a 2.20 GW capacity for high-efficiency solar DCR cells and solar PV modules. The company also continues to invest in its EV mobility segment.

Key events include SEBI granting exemption orders to the promoter group (Shakti Sons Trust) for internal restructuring and shareholding reorganization, facilitating succession planning without altering control. The company also received an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings, highlighting its commitment to sustainability. A director resigned due to a conflict of interest, leading to the reconstitution of the Audit Committee.

The company maintains a healthy order book of ₹13,000 Crores as of November 2025, with strong demand from Maharashtra and other states. Despite margin pressures in Q2 FY26, management expresses confidence in future growth, leveraging its expanded product portfolio and significant capex.

Shakti Pumps (India) Limited has announced receiving a work order from Madhya Pradesh Urja Vikas Nigam Limited for the supply, transport, installation, testing, and commissioning of 1,897 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). This order is for the entire state of Madhya Pradesh and falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme. The total value of this work order is approximately Rs 65.20 Crores, inclusive of Goods and Services Tax (GST), with an execution timeline of within 120 days. The commercial consideration excluding GST is Rs 59.88 Crores. This is a domestic order and does not involve any interest from the promoter or promoter group in the awarding entity, nor is it classified as a related party transaction.

Shakti Pumps (India) Limited has announced receiving a work order from Madhya Pradesh Urja Vikas Nigam Limited for the supply, transport, installation, testing, and commissioning of 1,897 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). This order is for the entire state of Madhya Pradesh and falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme. The total value of this work order is approximately Rs 65.20 Crores, inclusive of Goods and Services Tax (GST), with an execution timeline of within 120 days. The commercial consideration excluding GST is Rs 59.88 Crores. This is a domestic order and does not involve any interest from the promoter or promoter group in the awarding entity, nor is it classified as a related party transaction.

Shakti Pumps (India) Limited has announced a significant addition to its order book with the receipt of a Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 12,883 Solar Photovoltaic Water Pumping Systems (SPWPS) valued at ₹356.77 Crores. This order falls under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme.

This substantial award is part of a larger series of wins over the past 15 days, which have collectively added approximately ₹900 Crores in new orders from MSEDCL, Madhya Pradesh, and Jharkhand. These recent inflows reinforce the company’s leadership position in the solar pumps industry and demonstrate strong demand visibility.

While this announcement focuses on order wins, previous disclosures for Q2 FY26 indicated consolidated revenue growth of 5.0% YoY to ₹666.35 Cr, alongside a PAT decline of 10.5% YoY to ₹90.71 Cr, attributed to raw material inflation impacting EBITDA margins. In contrast, FY25 results showcased robust growth with revenue up 83.6% YoY.

Management's outlook is positive, with the Chairman expressing strong confidence in the bolstered order book and healthy pipeline, anticipating clear revenue visibility and a significant runway for future growth. The company expects to deliver strong performance and create long-term shareholder value.

Specific financial details beyond order values are not provided in this press release; however, the announced order values represent significant future revenue streams. Key events include the ₹356.77 Crores award from MSEDCL, in addition to previous large orders such as a ₹443.78 Crores award from MSEDCL for 16,025 SPWPS and other cumulative wins. The company also played a pivotal role in Maharashtra's Guinness World Record for solar pump installations, contributing 8,846 units in a single month, highlighting its execution capabilities.

The outlook for Shakti Pumps remains positive, driven by these substantial new orders, a robust order book, and its strategic positioning in the rapidly growing solar energy sector, particularly for agricultural applications supported by government schemes.

Shakti Pumps (India) Limited has announced a significant addition to its order book with the receipt of a Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 12,883 Solar Photovoltaic Water Pumping Systems (SPWPS) valued at ₹356.77 Crores. This order falls under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme.

This substantial award is part of a larger series of wins over the past 15 days, which have collectively added approximately ₹900 Crores in new orders from MSEDCL, Madhya Pradesh, and Jharkhand. These recent inflows reinforce the company’s leadership position in the solar pumps industry and demonstrate strong demand visibility.

While this announcement focuses on order wins, previous disclosures for Q2 FY26 indicated consolidated revenue growth of 5.0% YoY to ₹666.35 Cr, alongside a PAT decline of 10.5% YoY to ₹90.71 Cr, attributed to raw material inflation impacting EBITDA margins. In contrast, FY25 results showcased robust growth with revenue up 83.6% YoY.

Management's outlook is positive, with the Chairman expressing strong confidence in the bolstered order book and healthy pipeline, anticipating clear revenue visibility and a significant runway for future growth. The company expects to deliver strong performance and create long-term shareholder value.

Specific financial details beyond order values are not provided in this press release; however, the announced order values represent significant future revenue streams. Key events include the ₹356.77 Crores award from MSEDCL, in addition to previous large orders such as a ₹443.78 Crores award from MSEDCL for 16,025 SPWPS and other cumulative wins. The company also played a pivotal role in Maharashtra's Guinness World Record for solar pump installations, contributing 8,846 units in a single month, highlighting its execution capabilities.

The outlook for Shakti Pumps remains positive, driven by these substantial new orders, a robust order book, and its strategic positioning in the rapidly growing solar energy sector, particularly for agricultural applications supported by government schemes.

Shakti Pumps (India) Limited has received a significant Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 12,883 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps across Maharashtra, valued at approximately Rs. 356.77 Crores (inclusive of GST). This order is to be executed within 60 days from the issuance of the work order/NTP, reinforcing the company's position in the solar pump segment and adding to its substantial order book. In terms of recent financial performance, Q2 FY26 results reported consolidated revenue growth of 5.0% YoY to ₹666.35 Cr, but consolidated PAT declined 10.5% YoY to ₹90.71 Cr. This decline was attributed to raw material inflation impacting EBITDA margins, which compressed to 20.4% in Q2 FY26 from 23.4% YoY. For the fiscal year FY2024-25, the company posted record revenue of ₹25,162 Mn and a significant surge in PAT by 188.2% YoY to ₹4,084 Mn, with high ROE (42.61%) and ROCE (43.9%). The company has a guidance of 25-30% revenue growth for FY26 and plans substantial capital expenditure of ₹17,000 Mn for manufacturing expansion, including a new solar DCR cell and PV module plant. Shakti Pumps also secured an 'Good' ESG rating of 75 from ICRA ESG Ratings, reflecting its commitment to sustainability.

Shakti Pumps reported mixed Q2 FY26 results with revenue growth but declining PAT and compressed margins due to input cost inflation. The company secured significant orders, particularly for solar pumps from MSEDCL, and is making strategic investments in expanding its solar manufacturing capabilities, alongside receiving a positive ESG rating.

Quarterly/Annual Results: For Q2 FY26, consolidated revenue grew 5.0% YoY to ₹666.35 Cr, while consolidated PAT declined 10.5% YoY to ₹90.71 Cr. H1 FY26 revenue was ₹1,288.85 Cr (+7.2% YoY), with PAT at ₹187.54 Cr (-3.4% YoY). Standalone results showed similar trends. EBITDA margins compressed YoY to 20.4% for Q2 FY26 and 21.7% for H1 FY26 due to increased raw material prices (copper, steel, solar panels). FY25 performance was strong, with revenue at ₹25,162 Mn (+83.6% YoY) and PAT at ₹4,084 Mn (+188.2% YoY).

Guidance & Concall Commentary: FY26 revenue growth is guided at 25-30%. Management expressed confidence in future growth despite operational headwinds, citing a strong order book and strategic capex.

Financials: Q2 FY26 balance sheet showed increased receivables and debt, with ₹292.60 Cr raised via QIP in Q2 FY26. H1 FY26 saw an operating cash outflow of ₹478.39 Cr due to working capital changes. FY25 ROE was 42.61% and ROCE was 43.9%.

Key Events: Secured a ₹443.78 Cr Letter of Empanelment from MSEDCL for 16,025 solar pumps. Invested ₹25 Cr in Shakti Energy Solutions for a new 2.20 GW solar DCR cell and PV module manufacturing plant in Pithampur. Received an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings. SEBI granted exemptions to promoter Shakti Sons Trust for internal shareholding reorganisation. 30th AGM held on Sept 25, 2025, where ₹1 dividend was approved and borrowing powers increased to ₹3,000 Cr. Chairman remuneration increase proposed from ₹9 Cr to ₹18 Cr.

Outlook: The company aims to leverage its strong order book and planned capex for capacity expansion in solar manufacturing and EV components to drive future growth, despite short-term margin pressures from raw material costs.

The SSL Research Morning Update for December 17, 2025, provides a snapshot of market sentiment and key corporate developments. The Nifty 50 corrected by 0.6%, while the Rupee continued to weaken against the US dollar, influenced by FII outflows and trade deal delays. Global markets saw mixed signals with US jobs data and Brent crude prices falling. Actionable news includes significant order wins for NBCC (Rs 345 cr) and Ahluwalia Contracts (Rs 888 cr). Strategic moves feature Saregama India's acquisition of Bhansali Productions and Kaynes Tech's semiconductor manufacturing partnership. Vikram Solar announced substantial capex worth Rs 4,371 cr for battery storage, and Waaree Renewable Tech secured a 300 MW solar PPA. Glenmark Pharma inked a drug development pact, while CESC and Diamond Power Infra received supply orders. Regulatory and corporate actions include Lupin's US FDA update and Ola Electric's promoter stake adjustments. Fund flows show FII outflows of Rs 2,381.9 cr and DII inflows of Rs 1,077.5 cr.

Shakti Pumps (India) Limited has announced the receipt of a significant work order valued at approximately ₹71.25 Crores (inclusive of GST) from Madhya Pradesh Urja Vikas Nigam Limited. The order is for the supply of 2,033 stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) and is to be executed across the entire state of Madhya Pradesh within 120 days, under Component-B of the PM-KUSUM scheme. This domestic order enhances the company's robust order book and reinforces its strategic focus on the solar pump segment.

In terms of recent financial performance, while the company reported a 5.0% YoY revenue increase to ₹666.35 Crores in Q2 FY26, consolidated Profit After Tax (PAT) saw a decline of 10.5% YoY to ₹90.71 Crores. This was primarily attributed to increased raw material costs, which compressed EBITDA margins to 20.4% in Q2 FY26. Despite these short-term margin pressures, the company secured substantial orders previously, including large empanelments from MSEDCL for solar pumps, amounting to several hundred crores, and a recent order from Jharkhand Renewable Energy Development Agency.

Shakti Pumps maintains a healthy order book, reported at ₹13,000 Mn (₹1,300 Crores) as of November 2025. The company is also undertaking significant capital expenditure plans, including ₹25 Crores invested for a new greenfield manufacturing plant in Pithampur, Madhya Pradesh, with a planned capacity of 2.20 GW for solar DCR cells and PV modules. Furthermore, the company has received a 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings, underscoring its commitment to sustainability and responsible business practices. Promoter group entities have also been active in acquiring shares, indicating continued confidence.

Shakti Pumps (India) Limited has secured a new order worth approximately ₹23.98 Crores (inclusive of GST) from the Jharkhand Renewable Energy Development Agency for 1,200 Solar Water Pumping Systems (SWPS) under Component-B of the PM-KUSUM scheme, with execution mandated within 120 days. This latest order adds to the company's substantial order book, which stood at ₹13,000 Million as of November 7, 2025, and follows significant empanelments by MSEDCL totaling over ₹1,700 Crores for solar pumping solutions. Financially, the company reported strong FY25 performance with revenue surging 83.6% YoY to ₹25,162 Mn and PAT up 188.2% YoY. However, Q2 FY26 results (ended September 30, 2025) showed consolidated revenue growing 5.0% YoY to ₹666.35 Crores, while consolidated PAT declined 10.5% YoY to ₹90.71 Crores, primarily due to raw material cost inflation that compressed EBITDA margins to 20.4% from 23.4% YoY. Management maintains a revenue growth guidance of 25-30% for FY26. Strategically, Shakti Pumps is investing ₹25 Crores into its subsidiary Shakti Energy Solutions Limited for a new 2.20 GW solar DCR cell and PV module manufacturing plant in Pithampur, Madhya Pradesh, and has also invested in its EV mobility subsidiary. The company recently received an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings and approved a dividend of ₹1 per share, alongside proposals for increased borrowing powers up to ₹3,000 Crores and revised Chairman remuneration. The resignation of an independent director due to conflict of interest was also noted.

Shakti Pumps (India) Limited has announced receiving a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order, valued at approximately ₹443.78 Crores (inclusive of GST), covers pumps of 3 HP, 5 HP, and 7.5 HP capacity for the entire state of Maharashtra. These systems will be deployed under the 'Magel Tyala Saur Krushi Pump Yojana', which is part of the larger PM Kusum B Scheme. The significant terms of the contract include the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. The execution is scheduled to be completed within 60 days from the issuance of the work order or Notice to Proceed (NTP). This order is from a domestic entity, and the company has confirmed no promoter or group company interest in MSEDCL, nor is it a related party transaction. This substantial order is expected to boost the company's order book and contribute to its growth in the renewable energy and agricultural solutions sector.

Shakti Pumps (India) Limited has informed the stock exchanges about a significant change in its board committee structure. On December 10, 2025, the Board of Directors approved the reconstitution of the Audit Committee. This action was necessitated by the resignation of Mrs. Vandana Bhagavatula from her roles as Non-Executive Woman Independent Director and Chairperson of the Audit Committee. The company stated that her resignation was due to a potential conflict of interest arising from her directorship with a large commercial bank. The Board expressed its appreciation for her contributions during her tenure.

The reconstituted Audit Committee now comprises three members:

• Mr. Keyur Bipinchandra Thaker: Chairman (Non-Executive Independent Director)
• Mr. Ramesh Patidar: Member (Managing Director)
• Mr. V.S.S. Pavan Kumar Hari: Member (Non-Executive Independent Director)

This reconstitution is a standard corporate governance procedure aimed at ensuring compliance with regulatory requirements and maintaining effective oversight. The announcement does not provide any updates on the company's financial performance, revenue, profitability, margins, earnings per share, or future outlook. There is no management guidance or commentary on market conditions or business strategy included in this specific filing. While recent past announcements detailed Q1 and Q2 FY26 financial results, including revenue growth but also margin pressures and PAT declines in Q2 due to raw material costs, this update is purely procedural concerning board committee composition.

Shakti Pumps (India) Limited played a pivotal role in Maharashtra's Guinness World Record for solar pump installations, contributing 8,846 units, the highest among participating companies, to the state's achievement of 45,911 installations in one month under the "Magel Tyala Solar Pump" initiative. This highlights the company's significant role in large-scale renewable energy deployment.

Quarterly/Annual Results:

• Q1 FY26: Revenue increased by 9.7% YoY to ₹622.5 Cr. EBITDA grew 5.7% YoY to ₹143.6 Cr, and PAT rose 4.5% YoY to ₹96.8 Cr.
• FY25: Reported record revenue of ₹2,516.2 Cr, a surge of 83.6% YoY. EBITDA grew 168.2% YoY to ₹603 Cr with margins at 24.0%, and PAT surged 188.2% YoY to ₹408.4 Cr with margins at 16.2%. EPS stood at ₹34.0, ROE at 42.61%, and ROCE at 43.9%.
• Q2 FY26: Consolidated revenue grew 5.0% YoY to ₹666.35 Cr. However, Profit After Tax (PAT) declined 10.5% YoY to ₹90.71 Cr. EBITDA margins compressed YoY to 20.4% from 23.4% due to raw material inflation. H1 FY26 consolidated revenue was ₹1,288.85 Cr (YoY +7.2%), with PAT at ₹187.54 Cr (YoY -3.4%).

Guidance & Concall Commentary:
The company guided for 25-30% revenue growth in FY26. Management expressed confidence in future growth and value creation, despite challenges. The Q2 FY26 earnings call revealed management's acknowledgment of operational headwinds like extended monsoons and increased prices of key raw materials.

Financials (Income, Balance Sheet, Cash Flow, Ratios):
FY25 saw substantial growth in revenue, EBITDA, and PAT with expanding margins. Q2 FY26 results indicate margin pressure due to raw material inflation affecting profitability. The company raised ₹292.60 Cr via QIP in July 2025. Operating cash outflow in H1 FY26 was ₹478.39 Cr due to significant working capital changes.

Key Events:

• Led contribution with 8,846 pumps to Maharashtra's Guinness World Record for solar pump installations.
• Secured a major empanelment from MSEDCL for 34,720 Off-Grid DC Solar PV Water Pumping Systems (SPWPS), valued at approximately ₹1,037 Cr, and booked subsequent tranches totalling ₹702.69 Cr.
• Invested ₹25 Cr into its subsidiary Shakti Energy Solutions Limited (SESL) to establish a 2.20 GW solar DCR cell and PV module manufacturing plant in Pithampur, MP.
• Received an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings Limited.
• SEBI granted exemption orders to promoter Shakti Sons Trust from takeover regulations for internal restructuring and succession planning.

Outlook:
The company aims to leverage its strong order book (₹1,300 Cr as of Q2 FY26) and planned capex of ₹1,700 Cr for expansion in manufacturing, including EV components and solar DCR cells. The focus remains on clean energy, expanding global footprint, and capitalizing on government initiatives like PM KUSUM.

Shakti Pumps (India) Limited announced a significant change in its board composition with the resignation of Mrs. Vandana Bhagavatula from her position as Non-Executive Woman Independent Director and Chairperson of the Audit Committee, effective December 6, 2025. This move is attributed to her directorship with a large commercial bank, which she believes creates a potential conflict of interest given the company's exposure to the Indian banking system. The Board has acknowledged her contributions.

This governance event follows a period of robust financial and operational activity. For the fiscal year 2024-25, Shakti Pumps reported record revenues of ₹25,162 Mn, a substantial 83.6% year-on-year increase, accompanied by significant growth in EBITDA (+168.2%) and PAT (+188.2%), with margins expanding considerably. The company also secured substantial orders, notably an empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) valued at approximately ₹1,037 Crores for solar pumps, alongside other tranches totaling over ₹700 Crores for similar systems, reinforcing its leadership in the solar pumping segment.

However, the second quarter of fiscal year 2026 (Q2 FY26) presented a mixed financial picture. Consolidated revenue grew 5.0% year-on-year to ₹6,664 Mn. Despite this top-line growth, consolidated Profit After Tax (PAT) declined by 10.56% year-on-year to ₹90.71 Cr. This was primarily due to compressed EBITDA margins, which fell to 20.4% from 23.4% YoY, attributed to increased prices of key raw materials like copper, steel, and solar panels. The company maintained a healthy order book of ₹13,000 Mn as of November 7, 2025.

Strategically, Shakti Pumps is investing in future growth. A ₹25 Crore investment has been made into its subsidiary, Shakti Energy Solutions Limited, for establishing a new greenfield manufacturing plant in Pithampur, Madhya Pradesh. This facility will have a capacity of 2.20 GW for high-efficiency solar DCR cells and solar PV modules, aiming to capture opportunities in the expanding renewable energy market. The company also continues its focus on the EV components sector. Furthermore, Shakti Pumps was assigned an 'Good' ESG Impact Rating of 75 by ICRA ESG Ratings Limited, reflecting its commitment to sustainable practices. Promoter group transactions have also occurred, with regulatory exemptions obtained for internal restructuring.

Shakti Pumps (India) Limited has submitted a report to the National Stock Exchange (NSE) and BSE Limited on November 24, 2025. This filing is in accordance with the SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, which established a special window for the re-lodgement of transfer requests for physical shares, aimed at facilitating 'Ease of Doing Investment'. The report, received from the company's Registrar and Transfer Agent (RTA), M/s. Adroit Corporate Services Private Limited, details the activity related to physical share transfers for the month of October 2025. According to the RTA's confirmation, there were NIL transfer requests received, processed, approved, or rejected during October 2025. Consequently, the average time taken for processing requests is marked as 'NA'. This update is a routine procedural compliance and does not pertain to the company's financial performance, operational activities, or business outlook.

Shakti Pumps (India) Limited reported its Q2 FY26 financial results, with consolidated revenue growing 5.01% year-on-year to ₹666.35 crore, reaching ₹6,664 Mn. However, Profit After Tax (PAT) saw a decline of 10.56% YoY to ₹90.71 crore (₹907 Mn), attributed to margin compression caused by rising raw material costs like copper, steel, and solar panels. EBITDA margins were 20.4% in Q2 FY26, down from 23.4% YoY. For H1 FY26, consolidated revenue increased by 7.2% YoY to ₹1,288.85 crore, while PAT decreased by 3.4% YoY to ₹187.54 crore. In contrast, Q1 FY26 revenue had grown 9.7% YoY to ₹6,225 Mn, with PAT up 4.5% YoY. The company posted strong full-year FY25 results with revenue up 83.6% YoY to ₹25,162 Mn.

Operationally, the company secured significant orders from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for Off-Grid DC Solar Photovoltaic Water Pumping Systems. An empanelment for 34,720 systems (approx. ₹1,037 Cr total) was received, with multiple tranches booked: 10,000 units (₹268.88 Cr) in August 2025, 12,451 units (₹347.41 Cr) subsequently, and 3,127 units (₹86.40 Cr) by November 2025, totaling ₹702.69 Cr for 25,578 units. The company maintains a healthy order book of ₹13,000 Mn as of November 7, 2025.

In terms of strategic expansion, Shakti Pumps invested ₹25 crore into its subsidiary Shakti Energy Solutions Limited (SESL) to establish a new 2.20 GW greenfield manufacturing plant for solar DCR cells and PV modules in Pithampur, Madhya Pradesh. An earlier investment of ₹5 crore was made into Shakti EV Mobility for EV component manufacturing. The company plans significant capital expenditure of ₹17,000 Mn for overall capacity expansion.

Financially, the balance sheet showed increased receivables and debt, partially offset by a QIP raising ₹292.60 crore in July 2025. Operating cash flow for H1 FY26 was negative at ₹478.39 crore due to working capital changes. The company achieved an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings.

Regulatory developments include SEBI granting exemptions to promoter entity Shakti Sons Trust from Takeover Regulations for internal restructuring and succession planning. On November 19, 2025, promoter Shakti Brothers Trust acquired 8,000 equity shares via open market purchase, increasing its holding to 7.61%. The 30th Annual General Meeting held on September 25, 2025, approved a final dividend of ₹1 per share and enhanced borrowing powers up to ₹3,000 Crores.

Shakti Pumps (India) Limited has announced several key developments including significant order wins, financial results, and strategic investments. The company secured a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) valued at approximately ₹1,037 Crores (inclusive of GST). This includes an initial tranche of 10,000 systems (₹268.88 Cr) and a second tranche of 12,451 systems (₹347.41 Cr), with farmers selecting 25,578 units valued at ₹702.69 Cr so far.

Financially, for Q1 FY26, the company reported a 9.7% YoY increase in revenue to ₹6,225 Mn, with EBITDA up 5.7% YoY and PAT up 4.5% YoY. FY25 annual results showed a remarkable 83.6% YoY revenue surge to ₹25,162 Mn, with EBITDA growing 168.2% YoY and PAT increasing 188.2% YoY, accompanied by expanding margins. However, Q2 FY26 results presented a mixed picture: consolidated revenue grew 5.0% YoY to ₹666.35 Cr, but PAT declined 10.5% YoY to ₹90.71 Cr. This decline was attributed to raw material inflation (copper, steel, solar panels) which compressed EBITDA margins to 20.4% in Q2 FY26 and 21.7% in H1 FY26. H1 FY26 revenue grew 7.2% YoY to ₹1,288.85 Cr, while PAT saw a 3.4% YoY decrease to ₹187.54 Cr. Operating cash flow for H1 FY26 was an outflow of ₹478.39 Cr.

Strategic initiatives include a ₹25 Crore investment in its subsidiary Shakti Energy Solutions Limited (SESL) to establish a 2.20 GW greenfield manufacturing plant for solar DCR cells and PV modules in Pithampur, MP. An earlier investment of ₹5 Crore was made in Shakti EV Mobility Private Limited. The company also raised ₹292.60 Cr via QIP in July 2025.

Corporate actions included the 30th AGM held on September 25, 2025, where shareholders approved FY25 financial statements, a ₹1 per share dividend, director re-appointments, and increased borrowing powers up to ₹3,000 Crores. The record date for dividend was September 18, 2025. SEBI granted exemptions to Shakti Sons Trust from Takeover Regulations for internal restructuring and succession planning. Shakti Pumps received an 'Good' ESG Impact Rating of 75 from ICRA ESG Ratings. The company maintains an order book of ₹13,000 Mn as of November 7, 2025. Management guidance forecasts 25-30% revenue growth for FY26, supported by strategic capex plans.

Shakti Pumps (India) Limited has issued a formal notification regarding the availability of the audio recording of its recent conference call. This call was conducted on Monday, November 10, 2025, commencing at 2:00 PM IST. The purpose of the conference call was to discuss the company's un-audited financial results for both the second quarter and the half-year period that concluded on September 30, 2025. As per regulatory requirements, the company has ensured that this recording is accessible to the public. The audio recording can be found on the official Shakti Pumps (India) Limited website, and a direct URL has been shared for convenient access. This disclosure is critical for investors and analysts seeking to understand the company's financial health, operational performance, and management's perspective on the results and outlook for the upcoming periods.

Shakti Future Trust, identified as a promoter group entity, has submitted a disclosure to the National Stock Exchange of India and BSE Limited regarding the acquisition of 11,000 equity shares of Shakti Pumps (India) Limited. This filing is made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition occurred on November 10, 2025. Prior to this transaction, Shakti Future Trust held 90,05,000 equity shares, constituting 7.30% of the total share capital. Following the acquisition of 11,000 shares, their total holding has risen to 90,16,800 equity shares, which now represents 7.31% of the total and diluted share capital of Shakti Pumps (India) Limited. The acquisition of 11,000 shares represents a 0.01% increase in their stake. The disclosure confirms that the equity share capital of the company remains at Rs. 123,39,79,650 (12,39,92,965 equity shares of Rs. 10/- each) both before and after the said acquisition. No financial performance data, guidance, or other business updates are included in this specific disclosure.

Shakti Sons Trust has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to the acquisition of 27,000 equity shares of Shakti Pumps (India) Limited. The transaction took place on November 10, 2025, via the open market. Prior to this acquisition, Shakti Sons Trust held 18.33% (approximately 2,26,79,600 shares) of Shakti Pumps' total equity capital. The acquired shares represent 0.02% of the total equity capital. Consequently, the Trust's post-acquisition shareholding in Shakti Pumps (India) Limited has risen to 18.35% (approximately 2,26,45,600 shares). The disclosure also details the diluted shareholding, which also moves from 18.33% to 18.35% as a result of this purchase. The company's total equity share capital remains Rs. 123,39,79,650.

Shakti Pumps (India) Limited has announced its earnings and operational update for the quarter and half-year ended September 30, 2025. The company reported consolidated revenue of Rs. 6,664 Mn for Q2 FY26, marking a 5.0% year-on-year growth and achieving one of its highest quarterly revenues in history. For the half-year ended H1 FY26, revenue stood at Rs. 12,889 Mn, representing a 7.2% YoY growth. Despite revenue increases, EBITDA margins saw a decline, with Q2 FY26 EBITDA at Rs. 1,360 Mn (20.4% margin) compared to Rs. 1,487 Mn (23.4% margin) in Q2 FY25, and H1 FY26 EBITDA at Rs. 2,795 Mn (21.7% margin) versus Rs. 2,846 Mn (23.7% margin) in H1 FY25. This margin compression was primarily due to a 3-4% increase in prices of key raw materials like copper, steel, and solar panels. Consequently, Profit After Tax (PAT) for Q2 FY26 was Rs. 907 Mn (down 10.5% YoY) and for H1 FY26 was Rs. 1,875 Mn (down 3.4% YoY). Basic EPS stood at Rs. 7.3 for Q2 FY26 and Rs. 15.4 for H1 FY26.

Operational highlights include a significant increase in solar pump installations, with 22,304 units in Q2 FY26 (up 21% YoY) and 39,861 units in H1 FY26 (up 19% YoY), although execution was impacted by prolonged monsoons in key states and GST 2.0 reforms. The export business continues to grow, contributing Rs. 1,029 Mn in Q2 FY26. Emerging businesses are also showing strong traction; cash sales generated Rs. 428 Mn in H1 FY26 (up 67% YoY) and the solar rooftop segment expanded into three new states. The company maintains a robust order book of Rs. 13,000 Mn as of November 7, 2025, with Maharashtra being a key contributor. Receivables stood at Rs. 16,390 Mn as of September 30, 2025, with management confident in aligning with year-end guidance of 120 days for receivables.

The company is on track with its capital expenditure plan of Rs. 17,000 Mn, which includes doubling the Pumps & Motors capacity to 10 Lakhs by June 2026 (Capex Rs. 2,500 Mn) and setting up a 2.2 GW solar DCR cell and PV module manufacturing plant by March 2027 (Capex Rs. 12,000 Mn). An investment of Rs. 250 Mn was made in its subsidiary for this greenfield plant. Management expressed confidence in meeting FY26 guidance and sustaining growth, driven by diversification and strategic initiatives. The company also received an ESG Impact Rating of 75 ('Good') from ICRA.

Shakti Pumps (India) Limited presented its Q2 and H1 FY26 investor results, showcasing resilient revenue growth amidst headwinds like extended monsoons and raw material price inflation. For Q2 FY26, revenue stood at ₹6,664 Mn, a 5.0% increase YoY, with H1 FY26 revenue growing 7.2% YoY to ₹12,889 Mn. However, EBITDA margins compressed to 20.4% in Q2 FY26 (from 23.4% YoY) and 21.7% in H1 FY26 (from 23.7% YoY) due to a 3-4% increase in key raw material prices. Consequently, PAT also saw a YoY decline in Q2 FY26 to ₹907 Mn and H1 FY26 to ₹1,875 Mn. Conversely, full-year FY25 performance was strong, with revenue up 83.6% YoY to ₹25,162 Mn and significant margin improvements (EBITDA 24.0%, PAT 16.2%). The company reported a robust order book of ₹13,000 Mn as of November 7, 2025, including substantial orders from Maharashtra and Uttar Pradesh. Management highlighted positive traction in the rooftop solar business and progress in other emerging segments. Looking ahead, Shakti Pumps is undertaking a significant capex plan of ₹17,000 Mn for capacity expansion in pumps, motors, VFDs, solar structures, establishing an EV mobility facility, and setting up a 2.2 GW solar DCR cell and PV module plant. Key financial ratios like ROCE and ROE showed substantial improvement in FY25. The company aims to manage receivables towards a 120-day target.

Shakti Pumps (India) Limited (ISIN: INE908D01010, NSE: SHAKTIPUMP, BSE: 531431) has submitted a notification to the National Stock Exchange of India Ltd. and BSE Limited. This filing announces the publication of the company's unaudited financial results for the quarter and half year that concluded on September 30, 2025. The results have been published in The Economic Times (English) and Business Standard (Hindi) newspapers on November 8, 2025, in compliance with SEBI regulations.

Shakti Pumps (India) Limited has officially informed the stock exchanges (BSE and NSE) about newspaper publications concerning a 'Special Window for Re-lodgment of transfer request for physical shares'. This initiative is in compliance with SEBI circular no. SEBI/HO/MIRSD/MIRSDPoD/P/CIR/2025/97 dated July 2, 2025, and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published on November 8, 2025, in Business Standard (Hindi) and Free Press (English) editions.

Shakti Pumps (India) Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2025, as required by SEBI regulations, detailing the utilization of funds raised through two Qualified Institutions Placements (QIPs). The report, prepared by India Ratings & Research Private Limited, confirms that there has been no deviation from the objects outlined for these issuances.

QIP 1 (March 2024 - INR 2,000 Mn): Funds were primarily allocated for part-funding capacity expansion (INR 1,500 Mn) and General Corporate Purposes (INR 470 Mn). As of September 30, 2025, INR 835.29 Mn had been utilized, leaving INR 1,164.71 Mn unutilized. The capacity expansion project, aimed at doubling production units for pumps/motors, inverters/VFDs, and structures, has seen INR 336.54 Mn utilized. Land acquisition is partially complete, with revised project commissioning set for April 30, 2026. General Corporate Purposes saw INR 469.95 Mn utilized.

QIP 2 (July 2025 - INR 2,926 Mn): This QIP is earmarked for investment in subsidiary Shakti Energy Solutions Limited (SESL) for a 2.2 GW solar cell and PV Module Project (INR 2,250 Mn), General Corporate Purposes (INR 632 Mn), and issue expenses (INR 44 Mn). By September 30, 2025, INR 788.25 Mn was utilized, with INR 2,137.75 Mn remaining unutilized. Investment in SESL saw INR 115.33 Mn utilized, with project timelines estimated for Fiscal 2026. General Corporate Purposes utilized INR 629.96 Mn, mainly for working capital loan repayment.

Unutilized Funds: Substantial unutilized proceeds from both QIPs have been prudently deployed in various fixed deposits and short-term instruments, earning annual returns typically between 5% and 7%. This indicates efficient management of raised capital while awaiting full project deployment. The report provides transparency on the company's adherence to its funding objectives and project execution status.

Shakti Pumps (India) Limited has notified regulatory bodies and stock exchanges about the upcoming participation of its management in the 'Anand Rathi G200 Summit 2025'. This investor conference is being organized by Anand Rathi Institutional Equities and is set to take place in Mumbai on November 12, 2025. The management's engagement is scheduled for the entire day, from 11:00 AM to 5:30 PM, and the interactions will be conducted in person. This event provides a significant opportunity for the company to connect with institutional investors, analysts, and potential stakeholders. During the summit, management is expected to discuss key aspects of the company's business, including its financial performance, strategic growth drivers, operational achievements, and future outlook. Such participation is a standard practice for listed companies to enhance transparency, build investor confidence, and facilitate a better understanding of the company's value proposition in the market. The specific agenda or topics discussed are typically not disclosed in advance, but the general aim is to provide an overview and address investor queries.

Shakti Pumps (India) Limited announced its unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2025 (Q2 FY26 and H1 FY26) on November 07, 2025.

Consolidated Performance:

• Q2 FY26 Revenue: Rs. 666.35 Cr (YoY +5.0%, QoQ +6.7%)
• Q2 FY26 Profit After Tax (PAT): Rs. 90.71 Cr (YoY -10.5%, QoQ -6.3%)
• Q2 FY26 Basic EPS: Rs. 7.35 (YoY -12.9%, QoQ -8.7%)
• H1 FY26 Revenue: Rs. 1,288.85 Cr (YoY +7.2%)
• H1 FY26 PAT: Rs. 187.54 Cr (YoY -3.4%)
• H1 FY26 Basic EPS: Rs. 15.40 (YoY -4.6%)
• Consolidated PAT Margin Q2 FY26: 13.61% (vs 16.00% YoY)
• Consolidated PAT Margin H1 FY26: 14.55% (vs 16.14% YoY)

Standalone Performance:

• Q2 FY26 Revenue: Rs. 649.16 Cr (YoY +3.7%, QoQ +7.2%)
• Q2 FY26 PAT: Rs. 90.20 Cr (YoY -4.1%, QoQ -4.5%)
• Q2 FY26 Basic EPS: Rs. 7.31 (YoY -6.7%, QoQ -6.9%)
• H1 FY26 Revenue: Rs. 1,254.67 Cr (YoY +6.3%)
• H1 FY26 PAT: Rs. 184.61 Cr (YoY flat)
• H1 FY26 Basic EPS: Rs. 15.16 (YoY -1.3%)
• Standalone PAT Margin Q2 FY26: 13.90% (vs 15.04% YoY)
• Standalone PAT Margin H1 FY26: 14.71% (vs 15.63% YoY)

Financials:

• Balance Sheet: Total Assets surged to Rs. 2,997.19 Cr as of Sep 30, 2025 (vs Rs. 1,974.44 Cr on Mar 31, 2025). Trade Receivables increased significantly to Rs. 1,665.09 Cr (vs Rs. 1,048.68 Cr). Cash and cash equivalents rose to Rs. 245.92 Cr (vs Rs. 57.00 Cr).
• Debt: Total borrowings stood at Rs. 616.31 Cr (vs Rs. 167.76 Cr on Mar 31, 2025), resulting in a net debt position of Rs. 370.39 Cr.
• Cash Flow: H1 FY26 operating cash flow was an outflow of Rs. 478.39 Cr (vs outflow of Rs. 35.21 Cr in H1 FY25), largely due to working capital changes. Financing activities generated Rs. 718.50 Cr (vs Rs. 60.78 Cr in H1 FY25).

Key Events:

• Qualified Institutional Placement (QIP): Approved on July 05, 2025, for Rs. 292.60 Cr at Rs. 918.00 per share, leading to an increase in paid-up equity capital.

Segment Information:

• India segment revenue was Rs. 664.15 Cr for Q2 FY26, while Overseas Subsidiaries contributed Rs. 30.06 Cr.

Shakti Pumps (India) Limited announced its unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2025, following a board meeting on November 07, 2025. The company reported consolidated revenue from operations of ₹666.35 crore for Q2 FY26, a 5.01% year-on-year (YoY) increase from ₹634.59 crore in Q2 FY25. Quarter-on-quarter (QoQ), revenue grew by 6.72% from ₹622.50 crore in Q1 FY26. However, consolidated Profit After Tax (PAT) for Q2 FY26 declined by 10.56% YoY to ₹90.71 crore (EPS ₹7.35) from ₹101.42 crore (EPS ₹8.44) in Q2 FY25. For the half-year ended September 30, 2025 (H1 FY26), consolidated revenue was ₹1,288.85 crore (up 7.21% YoY), while PAT was ₹187.54 crore (down 3.37% YoY).

On a standalone basis, revenue from operations for Q2 FY26 was ₹649.16 crore, up 3.74% YoY from ₹625.75 crore in Q2 FY25, and up 7.21% QoQ from ₹605.51 crore in Q1 FY26. Standalone PAT for Q2 FY26 decreased by 4.15% YoY to ₹90.20 crore (EPS ₹7.31) from ₹94.11 crore (EPS ₹7.83) in Q2 FY25. H1 FY26 standalone PAT stood at ₹184.61 crore, flat YoY. PBIDT (proxy for EBITDA) for consolidated Q2 FY26 was ₹121.52 crore (down 12.24% YoY), with a margin of 18.24% (vs. 21.82% in Q2 FY25). Standalone PBIDT for Q2 FY26 was ₹134.68 crore (down 4.52% YoY), with a margin of 20.75% (vs. 22.54% in Q2 FY25).

The balance sheet as of September 30, 2025, shows consolidated total assets at ₹2,997.19 crore, up significantly from ₹1,974.44 crore as of March 31, 2025. This increase is driven by higher inventories (₹467.11 crore vs ₹341.97 crore) and trade receivables (₹1,665.09 crore vs ₹1,048.68 crore). Consolidated total equity rose to ₹1,626.95 crore from ₹1,161.17 crore, largely due to the Qualified Institutional Placement (QIP) of ₹292.60 crore approved in July 2025. Consolidated borrowings increased significantly to ₹616.31 crore from ₹167.76 crore, resulting in a net debt position of ₹370.39 crore as of September 30, 2025, up from ₹110.76 crore earlier.

Cash flow from operations for H1 FY26 was a negative ₹478.39 crore, a significant deterioration from negative ₹35.21 crore in H1 FY25, primarily due to large increases in trade receivables and inventories. Financing activities, however, generated ₹718.50 crore, bolstered by the QIP proceeds and increased borrowings. Segment-wise, overseas subsidiaries showed stronger revenue growth (+21.26% YoY for Q2) compared to domestic operations (+4.61% YoY for Q2).

No specific management guidance or outlook was provided in this disclosure.

Shakti Pumps (India) Limited has officially announced its Q2-FY2026 Earnings Conference Call, scheduled for Monday, November 10, 2025, at 14:00 IST. This intimation, submitted to the National Stock Exchange and BSE on November 3, 2025, complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call's purpose is to discuss the un-audited financial results for the quarter and half-year ended September 30, 2025. The management team participating will include Mr. Dinesh Patidar (Chairman), Mr. Ramesh Patidar (Managing Director), Mr. Dinesh Patel (Chief Financial Officer), Mr. Ravi Patidar (Company Secretary & Compliance Officer), and Mr. Ramakrishna Sataluri (Chief Executive Officer of Shakti Energy Solutions Limited). Comprehensive dial-in details, including universal and international toll-free numbers, have been provided, with a recommendation for participants to join 10 minutes prior to the scheduled time. This event is critical for investors to gauge the company's financial performance and outlook for the upcoming periods.

Shakti Pumps (India) Limited has officially informed the stock exchanges (NSE and BSE) about a forthcoming Board Meeting. This meeting is scheduled to take place on Friday, November 07, 2025, conducted through video conferencing. The core purpose of this board meeting is to consider and approve the Un-Audited Consolidated and Standalone Financial Results of the company for the second quarter (Q2 FY26) and the first half (H1 FY26) of the fiscal year, ending September 30, 2025. Alongside the financial results, the Board will also review and approve the accompanying Limited Review Report. This announcement is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors and stakeholders will await these results for insights into the company's recent financial performance and operational trajectory.

This news constitutes a regulatory compliance update from Shakti Pumps (India) Limited, filed with the National Stock Exchange (NSE) and BSE Limited on October 29, 2025. The company has officially communicated a report received from its appointed Registrar and Transfer Agent, M/s. Adroit Corporate Services Private Limited. This report pertains to the processing of physical share transfer requests that were re-lodged for transfer cum demat. The action is in strict adherence to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97, dated July 2, 2025. This specific SEBI directive introduced a 'Special Window for Re-lodgement of Transfer Requests of Physical Shares' aimed at facilitating the 'Ease of Doing Investment'. The period covered by the report spans from July 07, 2025, to September 30, 2025. Shakti Pumps (India) Limited has ensured that this information is duly recorded for dissemination to the exchanges and its shareholders. The update does not contain any financial results, performance indicators, future guidance, or significant business developments beyond this procedural compliance.

Shakti Pumps (India) Limited has officially announced a significant capital investment of ₹25,00,00,000/- (Rupees Twenty-Five Crore Only) into its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL). This strategic move is aimed at establishing a new greenfield manufacturing facility located in Pithampur, Madhya Pradesh. The plant will be dedicated to the production of high-efficiency solar DCR cells and solar PV modules, a critical component in the renewable energy value chain. The projected production capacity for this new venture is an impressive 2.20 GW, signalling the company's intent to aggressively enter and scale within the solar manufacturing sector.

SESL, the subsidiary receiving the investment, was incorporated on September 6, 2010. Its business activities have historically included the manufacturing of solar structures and dealing in solar rooftop solutions. The financial performance of SESL shows consistent growth, with its turnover recorded at ₹216.53 Crores for the fiscal year 2025, ₹139.59 Crores for FY24, and ₹99.15 Crores for FY23. The investment is being made in consideration of equity shares and is deemed to be on an arm's length basis as it is an internal funding within a wholly-owned subsidiary, thus not falling under related party transactions.

The company has confirmed that no specific government or regulatory approvals are required for this investment, and the transaction is expected to be completed on the same day as the announcement. This expansion into solar cell and module manufacturing represents a key diversification strategy for Shakti Pumps, aiming to leverage the growing demand for solar energy solutions and enhance its competitive position in the broader energy sector. The move aligns with national objectives for renewable energy adoption and manufacturing capabilities.

Shakti Pumps (India) Limited (SPIL) [BSE: 531431, NSE: SHAKTIPUMP] has received an [ICRA ESG] Impact Rating of 75, classified as 'Good', from ICRA ESG Ratings Limited. This rating, assigned on October 10, 2025, underscores the company’s strong commitment to environmental stewardship, social responsibility, and sound governance practices throughout its operations.

The ESG Impact Rating is a comprehensive assessment covering material ESG parameters such as climate risk management, energy efficiency, human capital development, supply chain sustainability, and governance transparency. A score of 75 indicates that Shakti Pumps has demonstrated strong ESG integration and effective risk mitigation, positioning it as a responsible and forward-looking enterprise.

Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, commented, “We are honoured to receive this recognition, which validates our long-standing commitment to sustainable growth. At Shakti, sustainability is not a checkbox, but it is embedded in our DNA. From pioneering solar-powered pumping solutions to investing in green manufacturing and inclusive workforce development, we have consistently aligned our business strategy with global ESG imperatives.” He further added that the company will continue to enhance its ESG disclosures and drive innovation.

This recognition is particularly timely as ESG considerations are becoming central to investor decision-making and regulatory frameworks globally. Shakti Pumps’ performance in this area reinforces its role as a trusted partner in India’s clean energy and water sustainability initiatives. The company aims to further enhance its ESG performance and contribute to India’s sustainable development goals.

About Shakti Pumps: Founded in 1982, SPIL manufactures solar pumps, energy-efficient pumps, motors, VFDs, and more, with significant in-house capabilities. It operates two manufacturing facilities in Pithampur, Madhya Pradesh, with a combined capacity of 500,000 units annually. Shakti Pumps is India's first 5-star rated pump manufacturer, supplying products to over 100 countries.

Shakti Pumps (India) Limited has submitted a routine regulatory filing to the National Stock Exchange of India Ltd. and BSE Limited, pertaining to the quarter ended September 30, 2025. The company provided a certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018. This certificate, issued by M/s Adroit Corporate Services Private Limited, the company's Registrar and Share Transfer Agent, confirms the processing of securities for dematerialisation. Specifically, it assures that securities received from depository participants were processed (accepted/rejected) and confirmed to the depositories, and that these securities are listed on the respective stock exchanges. The filing also verifies that share certificates received for dematerialisation were duly mutilated and cancelled after verification, and the names of the depositories were substituted in the register of members as registered owners within the stipulated 15-day period. This is a standard compliance procedure for listed entities and does not contain any financial performance data, market outlook, or strategic updates. Its primary purpose is to ensure the integrity and efficiency of the share dematerialisation process and the maintenance of accurate shareholder records, contributing to market confidence and regulatory adherence.

The announcement from Shakti Pumps (India) Limited, dated September 29, 2025, concerns the closure of the trading window for its shares. The company has formally notified the National Stock Exchange of India Ltd. and BSE Limited. Pursuant to the Company's Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the shares of the Company will remain closed for all designated persons and their immediate relatives. The closure is effective from October 15, 2025 (interpreting the ambiguous '015‘ October' as October 15th, a common practice ahead of quarterly results), and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2025. This is a standard procedural step taken by listed companies to ensure compliance with insider trading regulations and prevent any potential misuse of unpublished price-sensitive information.

Shakti Pumps (India) Limited held its 30th Annual General Meeting (AGM) on Thursday, September 25, 2025. The meeting commenced at 11:30 A.M. and concluded at 12:06 P.M., conducted through video conferencing. Shareholders voted on ten resolutions, all of which were passed with substantial support. Key resolutions approved include:

1. Adoption of Financial Statements: The audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025, along with the Board and Auditor reports, were adopted. Voting results showed near-unanimous approval from promoters and institutional investors, with public non-institutional investors also showing high favourability.
2. Dividend Declaration: A dividend of ₹1/- (10%) per equity share of ₹10/- each for the financial year ended March 31, 2025, was declared. This resolution also received overwhelming support across all shareholder categories.
3. Director Appointments & Remuneration: Resolutions concerning the re-appointment of directors retiring by rotation (Mr. Ashwin Bhootda), the re-appointment of Mr. Sunil Patidar as Whole Time Director for five years, and the payment of remuneration for Mr. Ramakrishna Sataluri (Non-executive, Non-Independent Director) and Mr. Dinesh Patidar (Chairman cum Whole Time Director) were passed. The approval for Mr. Sunil Patidar's and Mr. Dinesh Patidar's appointments/remuneration were special resolutions where promoters expressed interest, and they were passed with high favourability.
4. Auditor Appointments: M/s M. Maheshwari & Associates was appointed as the Secretarial Auditor, and the remuneration for Cost Auditors for FY 2025-26 was ratified.
5. Borrowing Powers & Security: Shareholders granted approval for the company to borrow funds, not exceeding ₹3,000 Crores, pursuant to Section 180(1)(c) of the Companies Act, 2013. Concurrently, approval was given to create charges on the company's assets to secure these borrowings, up to the same limit, under Section 180(1)(a). These special resolutions, while seeing some votes against from institutional investors, were overwhelmingly approved.

The meeting confirmed strong shareholder confidence in the company's governance and financial decisions for the upcoming period. No specific financial performance figures for the past quarter or year were part of this announcement; it focused solely on AGM outcomes.

Shakti Pumps (India) Limited held its 30th Annual General Meeting (AGM) on Thursday, September 25, 2025, conducted through video conferencing. The meeting focused on approving financial statements and passing various resolutions. Members adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. A final dividend of ₹1 per equity share (10% on a face value of ₹10) was declared for the financial year.

Several appointments and re-appointments were confirmed: Mr. Ashwin Bhootda as Director, M/s M. Maheshwari & Associates as Secretarial Auditor, and Mr. Sunil Patidar as Whole Time Director for a period of five years. The company also ratified the remuneration of Cost Auditors for FY 2025-26 and approved remuneration for Mr. Ramakrishna Sataluri, a Non-executive and Non-Independent Director, for the same fiscal year.

Crucially, two special resolutions were passed, significantly enhancing the company's financial flexibility. Members approved the power for the company to borrow funds up to ₹3,000 Crores under Section 180(1)(c) of the Companies Act, 2013. Concurrently, another special resolution granted approval to create charges on the company's assets to secure these borrowings, also up to ₹3,000 Crores, as per Section 180(1)(a). The remuneration structure for Mr. Dinesh Patidar, Chairman cum Whole Time Director, was also revised via a special resolution. E-voting results were scheduled for declaration within two working days. While the Chairman's speech touched upon business performance and future prospects, specific details were not provided in this report.

Shakti Pumps (India) Limited has provided an update regarding its empanelment with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM-KUSUM Scheme. The company announced on September 19, 2025, that the third tranche of 3,127 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) has been fully selected by farmers. This tranche is valued at approximately ₹86.40 Crores, inclusive of GST.

This follows earlier communications regarding an empanelment letter dated August 12, 2025, for the supply and installation of 34,720 SPWPS under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. The company has successfully completed three tranches of farmer bookings:

• First Tranche: 10,000 SPWPS, opened on August 27, 2025, fully booked within 1.5 hours. Order Value: Approx. ₹268.88 Crores (incl. GST).
• Second Tranche: 12,451 SPWPS, also fully booked. Order Value: Approx. ₹347.41 Crores (incl. GST).
• Third Tranche: 3,127 SPWPS, recently opened and fully booked. Order Value: Approx. ₹86.40 Crores (incl. GST).

With these three tranches, a total of 25,578 SPWPS have been selected by farmers, bringing the cumulative order value to approximately ₹702.69 Crores (incl. GST). Shakti Pumps is thus well on track to fulfill its empanelled commitment of 34,720 SPWPS.

Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, expressed satisfaction with the rapid farmer selections, attributing it to trust in the company's products and services. He highlighted Shakti Pumps' strong presence in Maharashtra and its experience in delivering large projects, expressing confidence in timely completion and continued support for farmers with reliable solar water pumping solutions.

Shakti Pumps (India) Limited is a prominent manufacturer of energy-efficient pumps and solar pumps, producing a wide range of components in-house, including VFDs, structures, motors, and inverters. The company operates two manufacturing facilities in Pithampur, Madhya Pradesh, with a substantial annual capacity. Its commitment to sustainable innovation and quality positions it as a key player in transforming the agriculture sector through solar pump technology.

Shakti Pumps (India) Limited has announced a significant development regarding its empanelment with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. The company has successfully seen a second tranche of 12,451 SPWPS fully selected by farmers. This tranche alone is valued at approximately Rs. 347.41 Crores, inclusive of GST. This follows a successful first tranche announced earlier, where 10,000 SPWPS were fully booked by farmers within 1.5 hours, valued at approximately Rs. 268.88 Crores (inclusive of GST). With these two tranches, Shakti Pumps has secured orders for a total of 22,451 SPWPS, aggregating to a substantial Rs. 616.30 Crores (inclusive of GST). The company is now progressing towards fulfilling its total empanelled commitment of 34,720 SPWPS under this scheme. Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, commented positively on the achievement, emphasizing the company's strong presence in Maharashtra and its proven execution capabilities. He reiterated the commitment to empowering farmers with sustainable and energy-efficient water solutions, aimed at enhancing agricultural productivity. The news also provides a brief overview of Shakti Pumps (India) Limited, highlighting its establishment in 1982 and conversion into a public limited company in 1995. It emphasizes that SPIL is the sole manufacturer of a wide range of solar pump installation components in-house, including Variable Frequency Drives (VFDs), structures, motors, and inverters. The company operates two manufacturing facilities in Pithampur, Madhya Pradesh, with a combined capacity of 500,000 pumps and motors annually. Shakti Pumps is recognized for its innovation and reliability in solar pumping solutions, its use of Stainless Steel (SS) in all submersible pumps, and its status as India's first 5-star rated pump manufacturer, with exports to over 100 countries. No specific financial metrics, outlook guidance numbers, segment splits, or balance sheet/cash flow details were provided in this announcement.

Shakti Pumps (India) Limited has officially notified the stock exchanges, NSE and BSE, about its compliance with SEBI regulations concerning the publication of a public notice. The notice, published in the Business Standard (Hindi) and Free Press (English) editions on September 9, 2025, details a 'Special Window for Re-lodgment of transfer request for physical shares.' This initiative is in accordance with SEBI circular no. SEBI/HO/MIRSD/MIRSDPoD/P/CIR/2025/97, dated July 2, 2025. The circular aims to provide an opportunity for shareholders who hold shares in physical form to re-lodge their transfer requests, thereby facilitating the transfer of ownership and potentially encouraging the conversion of physical shares to dematerialized form. This is a regulatory compliance announcement and does not involve any financial performance, new orders, or operational updates from the company.

Shakti Pumps (India) Limited has officially submitted newspaper advertisements to the National Stock Exchange of India Ltd. and BSE Limited. This filing is in strict compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements serve to inform shareholders about the company's 30th Annual General Meeting (AGM), which is scheduled to be held on Thursday, September 25, 2025. The AGM will be conducted virtually through Video Conferencing (VC) or other Audio Visual Means (OAVM). Key details provided to shareholders include the availability of remote e-voting facilities and the specific date for book closure, enabling them to participate in corporate governance matters. The news does not contain any information related to the company's financial performance, quarterly or annual results, management guidance, outlook, orders, expansions, or any other business-specific operational updates. It is purely a procedural regulatory disclosure.

Shakti Pumps (India) Limited announced significant internal restructuring within its promoter group, involving shareholding transfers among promoter-affiliated entities. Shakti Sons Trust, a promoter, acquired shares indirectly from Mr. Dinesh Patidar (promoter and Chairman cum Whole Time Director) through a series of gift transactions occurring between August 14 and August 29, 2025. These acquisitions involved entities such as Vintex Tools & Machineries Private Limited, Shakti Irrigation India Limited, Shakti Construction & Developers Private Limited, and Roulex Investment & Finance Private Limited.

The key aspect of this announcement is the exemption granted by the Securities and Exchange Board of India (SEBI) under its order dated September 10, 2024. This exemption, valid for one year, pertains to regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transactions were facilitated by Mr. Patidar as a gift and were undertaken to ensure long-term continuity of control within the promoter family, streamline succession processes, and protect promoter family interests.

The disclosures filed by Shakti Sons Trust confirm that these transactions resulted in indirect acquisitions of 2.96%, 2.34%, 1.35%, and 0.90% equity shares in Shakti Pumps (India) Limited, respectively, from the mentioned unlisted entities. Crucially, SEBI noted that these transfers do not lead to any change in the overall control, management, or public shareholding of Shakti Pumps. The total promoter shareholding remains stable at approximately 51.58%. The company has made necessary regulatory filings, including disclosures under Regulations 10(5), 10(6), and 29(2) of the SAST Regulations, as well as a report under Regulation 10(1)(a)(ii) & 10(7) to SEBI.

Shakti Pumps (India) Limited has submitted its 30th Annual Report for the Financial Year 2024-25, detailing a period of exceptional financial performance and strategic advancements. The company reported a record consolidated revenue of ₹25,162 Mn, marking an impressive 83.6% year-on-year growth, driven by strong contributions from both domestic government schemes like PM-KUSUM and a robust export business that grew 52.7% YoY. Profitability saw a substantial surge, with EBITDA increasing by 168.2% YoY to ₹6,030 Mn (margin of 24.0%) and Profit After Tax (PAT) soaring by 188.2% YoY to ₹4,084 Mn (margin of 16.2%). Basic Earnings Per Share (EPS) grew by 165.6% YoY to ₹34.0. Return on Equity (ROE) improved significantly to 42.61%, and Return on Capital Employed (ROCE) reached 43.9%. The company's strategic imperatives include establishing Solar DCR Cells and Modules manufacturing capabilities, expanding its green energy initiatives, enhancing export capacities, and increasing manufacturing capacity across all units. Significant investments have been made to augment infrastructure, automate operations, and fortify supply chain capabilities, bolstered by a Qualified Institutional Placement (QIP) of ₹2,926 Mn. The company also holds a strong order book of ₹16,546 Mn, ensuring future revenue visibility. Management commentary highlights adaptability to macro trends and confidence in India's economic growth and government support for clean energy.

Shakti Pumps (India) Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25, adhering to SEBI regulations. The report emphasizes the company's commitment to Environmental, Social, and Governance (ESG) principles, integrating them into its business strategy. Key areas covered include ethical governance, transparency, employee well-being, human rights, environmental protection, and stakeholder engagement. The company highlights its initiatives in renewable energy, such as solar energy integration generating 164 MWh monthly and investments in energy-efficient technologies. Significant expansion plans include establishing a solar cell and PV module manufacturing facility and a ₹1700 crore investment in renewable energy and EV component manufacturing, aiming to build India's largest EV powertrain factory. The BRSR also details employee safety measures, adherence to ISO 45001 standards, waste management practices, water conservation efforts, and emission control. The company reported no significant fines or penalties for corruption or environmental non-compliance in FY 2024-25. Stakeholder engagement and community initiatives, including CSR activities and support for education, are also outlined. The report reflects a strategic focus on sustainable development and responsible business practices across its value chain.

Shakti Pumps (India) Limited has announced its 30th Annual General Meeting (AGM) scheduled for Thursday, September 25, 2025, to be held via Video Conferencing (VC/OAVM). The agenda includes the adoption of the FY 2024-25 audited financial statements, with historical data indicating a significant surge in sales and profits for FY2025 compared to FY2024. Key resolutions to be considered by shareholders are the declaration of a dividend of ₹1 per equity share, re-appointment of directors, appointment of secretarial and cost auditors, and proposals to increase the company's borrowing powers up to ₹3,000 Crores, along with the authority to create charges on company assets. A notable item is the proposed revision of remuneration for Chairman cum Whole Time Director, Mr. Dinesh Patidar, effective August 01, 2025, increasing his annual remuneration to ₹18 Crores (basic salary) plus allowances and perquisites. The record date for determining shareholder entitlement to the proposed dividend is September 18, 2025, and remote e-voting will be open from September 21 to September 24, 2025.

Shakti Pumps (India) Limited, through a formal filing with the National Stock Exchange of India Ltd. and BSE Limited, has intimated the record date and book closure period for its upcoming 30th Annual General Meeting (AGM) and the payment of final dividend. The company has specified Thursday, September 18, 2025, as the record date for determining the eligibility of shareholders for the aforementioned purposes.

The register of members and the share transfer books of Shakti Pumps (India) Limited will be closed from Friday, September 19, 2025, to Thursday, September 25, 2025, inclusive. This closure is to facilitate the administrative processes related to the AGM and the distribution of the final dividend, if it receives approval from the shareholders at the meeting.

The 30th Annual General Meeting of the company is scheduled to take place on Thursday, September 25, 2025. This meeting is a crucial event where shareholders will have the opportunity to vote on company matters, including the approval of the financial statements, the appointment of directors, and the declaration of dividends.

This notification is a standard corporate procedure and does not contain any new financial results, performance metrics, management guidance, or forward-looking statements. The stock information provided is ISIN- INE908D01010, SCRIP CODE BSE-531431, and NSE Symbol -SHAKTIPUMP.

Shakti Pumps (India) Limited has made a regulatory filing intimating the record date for its 30th Annual General Meeting (AGM) and the payment of final dividend, if declared and approved by shareholders. The designated record date is Thursday, September 18, 2025. In conjunction with this, the company's register of members and share transfer books will be closed from Friday, September 19, 2025, through Thursday, September 25, 2025. The 30th AGM is scheduled to be held on Thursday, September 25, 2025, where the final dividend is subject to member approval. This announcement is made pursuant to Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. No financial performance figures, guidance, or operational updates were provided in this communication.

The disclosure from Shakti Pumps (India) Limited reports on an acquisition made by its promoter, Shakti Sons Trust. On August 29, 2025, the Trust acquired 19,15,055 equity shares (99.95%) of Roulex Investment & Finance Private Limited through a gift from Mr. Dinesh Patidar, a promoter and director. This transaction leads to an indirect acquisition of approximately 0.90% in Shakti Pumps (India) Limited, as Roulex holds shares in Shakti Irrigation India Limited, which in turn holds shares in Shakti Pumps. While this acquisition triggered SEBI's Takeover Regulations, SEBI issued an exemption order (WTM/ASB/CFD/7/2024-25 dated September 10, 2024) allowing Shakti Sons Trust to proceed without making a public open offer. The rationale behind this transfer is internal restructuring, streamlining succession, and promoting the welfare of the promoter family, ensuring continuity without any change in the control or management of Shakti Pumps (India) Limited. The overall promoter and promoter group shareholding in Shakti Pumps remains stable, indicating no shift in control. No financial performance metrics or guidance were part of this announcement.

This disclosure pertains to an internal restructuring within the promoter group of Shakti Pumps (India) Limited. Shakti Sons Trust, identified as a promoter, acquired 99.95% of the equity shares of Shakti Construction & Developers Private Limited through a gift from Mr. Dinesh Patidar, who is also a promoter and Chairman cum Whole-Time Director of Shakti Pumps.

This transaction, completed on August 29, 2025, resulted in an indirect acquisition of 1.35% equity in Shakti Pumps (India) Limited by Shakti Sons Trust, via holdings in Shakti Irrigation India Limited. Consequently, this action triggered the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations).

However, SEBI, through an exemption order dated September 10, 2024 (Ref: WTM/ASB/CFD/7/2024-25), has granted Shakti Sons Trust an exemption from complying with regulations 3 and 4 read with regulation 5 of the SAST Regulations for this indirect acquisition. The primary stated purpose of this transaction and the subsequent exemption request was to facilitate an internal reorganisation for streamlining succession and promoting the welfare of the promoter family. SEBI noted that the transaction would not lead to any change in ownership, control, or public shareholding of Shakti Pumps.

The exemption granted by SEBI is conditional, requiring compliance with the statements and undertakings made by the acquirer, adherence to the SEBI Circular dated December 22, 2017, and is valid for a period of one year from the order date, during which the proposed acquisitions must be completed.

Shakti Pumps (India) Limited disclosed that its promoter, Shakti Sons Trust, acquired 19,15,055 equity shares (99.95%) of Roulex Investment & Finance Private Limited from Mr. Dinesh Patidar as a gift on August 29, 2025. This transaction constitutes an indirect acquisition of 0.90% in Shakti Pumps (India) Limited, which would typically trigger SEBI's Takeover Regulations. However, SEBI, through an order dated September 10, 2024, has granted an exemption from the applicability of regulations 3, 4, and 5 of the SAST Regulations, 2011. The exemption is based on SEBI's assessment that this is an internal restructuring within the promoter group, aimed at streamlining succession processes and promoting the welfare of the promoter's family. The transactions do not result in any change of ownership, control, or public shareholding in Shakti Pumps. The exemption is valid for one year from the order date, provided the trust adheres to all stated conditions, including continued compliance with SEBI regulations and the Trust Deed. The pre-acquisition shareholding of promoter and promoter group in Shakti Pumps was 51.58%.

This disclosure pertains to a promoter-level transaction for Shakti Pumps (India) Limited.

• News Crux: Shakti Sons Trust, a promoter entity, acquired 30,12,400 equity shares (99.95%) of Shakti Construction & Developers Private Limited through a gift from Mr. Dinesh Patidar on August 29, 2025. This led to an indirect acquisition of 1.35% stake in Shakti Pumps (India) Limited, as Shakti Construction holds shares in promoter group entity Shakti Irrigation India Limited, which in turn holds shares in Shakti Pumps.
• Quarterly/Annual Results: This announcement does not contain any information related to quarterly or annual financial results, revenue, profit, margins, or EPS.
• Guidance & Concall Commentary: No management guidance or concall summary is provided in this document.
• Financials: The document does not include any details on the company's income statement, balance sheet, cash flow, or key financial ratios.
• Key Events: The primary event is the restructuring of promoter shareholding via a gift, aimed at internal family reorganisation, succession planning, and continuity. Crucially, SEBI, vide its order WTM/ASB/CFD/7/2024-25 dated September 10, 2024, granted an exemption to Shakti Sons Trust from making a mandatory public open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations). This exemption is valid for one year and is contingent upon the Trust's compliance with specific conditions, including adherence to the Companies Act, 2013, timely disclosures, and compliance with SEBI circulars.
• Outlook: No business or financial outlook for Shakti Pumps is provided in this regulatory filing.

Shakti Pumps (India) Limited has officially notified stakeholders about its upcoming 30th Annual General Meeting (AGM). The meeting is scheduled to be held on Thursday, September 25, 2025, starting at 11:30 AM Indian Standard Time. In line with current practices and regulatory allowances, the AGM will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM). This announcement follows the company's compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, specifically regulations 30 and 47, and relevant circulars from the Ministry of Corporate Affairs and SEBI. Copies of the newspaper advertisements, published on September 01, 2025, in Free Press (Indore, English) and Business Standard (Bhopal, Hindi), have been submitted to the stock exchanges for the attention of equity shareholders. The filing serves as an official intimation of the AGM date, time, and mode of participation for the company's shareholders, ensuring transparency and adherence to corporate governance norms. The AGM is a crucial platform for shareholders to engage with the company management and discuss its performance and future plans.

Vintex Tools & Machineries Private Limited has formally notified the stock exchanges, namely the National Stock Exchange of India Ltd. and BSE Limited, regarding a change in its shareholding in Shakti Pumps (India) Limited. This disclosure, submitted on August 29, 2025, is made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The core of the filing details the acquisition of 12,000 equity shares of Shakti Pumps (India) Limited by Vintex Tools & Machineries Private Limited. The acquisition was executed through an open market transaction on the aforementioned date. This action results in a marginal increase in Vintex Tools' stake. Prior to this acquisition, Vintex Tools held 4,871,000 equity shares in Shakti Pumps, which constituted 3.95% of the company's total voting capital. Following the purchase of an additional 12,000 shares, its total holding has risen to 4,883,000 shares. This new holding represents 3.96% of Shakti Pumps' total equity share capital.

The disclosure also specifies that the total equity share capital of Shakti Pumps (India) Limited comprises 12,33,97,965 equity shares, each with a face value of Rs. 10/-. Vintex Tools & Machineries Private Limited is identified as belonging to the Promoter group of Shakti Pumps (India) Limited. The company's CIN is U31900MP2010PTC024200 and its website is www.vintextools.com. The registered address is S3/4, Industrial Area, Sector-III, Pithampur, Dhar, Madhya Pradesh.

It is important to note that this filing is purely a regulatory disclosure concerning a change in shareholding percentages and does not provide any information on the financial performance of Shakti Pumps (India) Limited, such as revenue, profit, or margins. There is no management guidance, concall commentary, balance sheet analysis, cash flow details, or discussion of key ratios or ratios like ROE/ROCE mentioned in this document. Similarly, no specific orders, expansions, product launches, penalties, or supply chain issues are reported. The news is strictly limited to the share acquisition details and regulatory compliance.

Shakti Pumps (India) Limited has announced a substantial order win worth approximately Rs. 268.88 Crores (inclusive of GST) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This order is for the supply and installation of 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). This development follows an earlier empanelment by MSEDCL on August 12, 2025, for a total of 34,720 SPWPS under the 'Magel Tyala Saur Krushi Pump Yojana' / PM KUSUM B scheme. The portal for the first tranche of 10,000 pumps was opened on August 27, 2025, and demonstrated exceptional demand, with all units being selected by farmers within a mere 1.5 hours. Chairman Mr. Dinesh Patidar expressed satisfaction, attributing the rapid uptake to farmer confidence in Shakti Pumps' technology and service excellence, and conveyed confidence in meeting delivery timelines. Shakti Pumps is a prominent manufacturer of energy-efficient pumps and motors, with a specialized focus on solar pumps, boasting in-house manufacturing capabilities for key components.

Shakti Sons Trust, a promoter of Shakti Pumps (India) Limited, has filed a disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the acquisition of 55,000 equity shares (1.69%) of Shakti Irrigation India Limited, another entity within the promoter group, via a gift from Dinesh Kumar Patidar HUF. Mr. Dinesh Patidar, the karta of the HUF, is also the Chairman cum Whole-time Director and a promoter of Shakti Pumps. This off-market transaction resulted in an indirect acquisition of approximately 0.08% equity shares in Shakti Pumps (India) Limited by Shakti Sons Trust. The acquisition was facilitated by a SEBI exemption order (No. WTM/ASB/CFD/7/2024-25 dated September 10, 2024), which exempted the transaction from specific SAST Regulations (3, 4, and 5). This exemption was granted because the transaction is part of an internal reorganization within the promoter family, intended to streamline succession and promote family welfare. SEBI noted that the move does not alter the overall control, management, or public shareholding of Shakti Pumps (India) Limited. The disclosure confirms the stability of the promoter group's shareholding structure and compliance with regulatory procedures for internal restructurings.

Shakti Pumps (India) Limited has disclosed that its promoter, Shakti Sons Trust, has received an exemption from SEBI under the SAST Regulations, 2011. The exemption, granted via an order dated September 10, 2024 (WTM/ASB/CFD/7/2024-25), allows the trust to acquire 65,000 equity shares (2.00%) in Shakti Irrigation India Limited, a promoter group entity, through a gift transaction. This off-market acquisition, completed on August 14 and 20, 2025, from Mr. Dinesh Patidar and Dinesh Patidar HUF, results in an indirect acquisition of approximately 0.09% equity shares in Shakti Pumps (India) Limited. The primary rationale behind this restructuring is to facilitate internal family matters, including succession planning and safeguarding family welfare, without any change to the overall control or management of the target company. The SEBI exemption is subject to adherence to specific conditions and ongoing disclosures as per SEBI circulars, ensuring no dilution of public shareholder interests or change in public shareholding. The transaction represents a re-alignment within the promoter group's shareholding structure.

SEBI has issued an exemption order to Shakti Sons Trust, a promoter entity, from the open offer requirements under Regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption pertains to the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited.
The transactions involve the transfer of promoter group shares held in unlisted entities such as Vintex Tools Private Limited and Shakti Irrigation India Limited to the Shakti Sons Trust. These are described as internal reorganizations within the promoter family, intended to streamline succession planning and promote family welfare.
SEBI noted that these proposed transactions would not lead to any change in the ownership, control, or management of Shakti Pumps (India) Limited. The overall equity shareholding and the public shareholding percentage are expected to remain constant. The Acquirer Trust provided assurances and confirmed compliance with SEBI's circular dated December 22, 2017, regarding exemptions for family arrangements, including maintaining the trust structure as a mirror of promoter holdings and having eligible beneficiaries.
The exemption is granted subject to several conditions: the acquisitions must comply with relevant laws, a report must be filed with SEBI within 21 days of completion, and statements made in the application must be true. The Acquirer Trust must also adhere to its undertakings and the covenants within the Trust Deed. The exemption is valid for one year from the date of the order for the implementation of the proposed acquisitions.

This document is an order from the Securities and Exchange Board of India (SEBI) granting an exemption to Shakti Sons Trust, a promoter family trust, from complying with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations). The exemption pertains to the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited (Target Company). The proposed acquisition involves internal reorganisation of promoter shareholding within unlisted group companies, transferring shares from individuals and promoter group entities to the Shakti Sons Trust. The applicant, Shakti Sons Trust, argued that these transactions would not lead to any change in the ownership, control, or management of Shakti Pumps (India) Limited, nor would they alter the total equity or public shareholding. The Trust is already part of the promoter group, and the intended purpose is to streamline succession and protect the welfare of the promoter family. SEBI, after considering the application and submissions, found that the proposed transactions would attract regulations 3(2), 4, and 5 of the Takeover Regulations, which typically require a public open offer. However, based on the arguments that the trust is a mirror image of promoter holdings, has promoter family members as trustees/beneficiaries, and ensures beneficial interest is not transferred, SEBI decided to grant the exemption. The exemption is conditional, requiring compliance with the Companies Act, 2013, other laws, statements made in the application, and SEBI circulars. It is also subject to a reporting requirement within 21 days of acquisition and is valid for one year. The order explicitly clarifies that this exemption is only from the open offer requirement and not from other disclosure obligations or regulations.

The Securities and Exchange Board of India (SEBI) has issued an Exemption Order, granting Shakti Sons Trust relief from certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption pertains to the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited. The application was made by Mr. Dinesh Patidar, on behalf of Shakti Sons Trust, to facilitate an internal reorganisation of promoters' control and shareholding. The objective is to streamline succession processes and promote the welfare of the promoters' family. The proposed transactions involve the transfer of shares in various unlisted group companies from promoter Mr. Dinesh Patidar to the Shakti Sons Trust. SEBI noted that these transactions are non-commercial, will not lead to any change in the ownership, control, or management of Shakti Pumps (India) Limited, and will not affect the total equity shareholding or public shareholding of the target company. The pre and post-acquisition shareholding pattern of the promoter and promoter group (51.58%) and public (48.42%) will remain unchanged. The exemption is granted subject to compliance with several conditions, including adherence to applicable laws, timely filing of reports with SEBI, compliance with statements made in the application, and the covenants within the Trust Deed. The exemption is valid for one year from the date of the order.

Shakti Pumps (India) Limited announced on August 12, 2025, that it has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This empanelment is for the supply of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), with a total contract value of approximately Rs 1,037 Crores, inclusive of Goods and Services Tax (GST).

Key Event & Order Details: The order is a significant milestone, involving the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. The Letter of Empanelment is valid for one year, and the actual installation work is to be completed within 60 days from the issuance of a Notice to Proceed (NTP) or work order. This project will be executed across the entire state of Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana' scheme, which is linked to the PM KUSUM B initiative.

Management Outlook & Commentary: Chairman Mr. Dinesh Patidar expressed strong optimism, stating that this empanelment will greatly enhance the company's order book position. He highlighted Shakti Pumps' position as a leader in the solar pumps market with a strong market share across key Indian states. The company is actively participating in tenders across several states, including Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, and Jharkhand. He noted that the company's decade-long presence in these markets positions it well to capitalize on the substantial opportunities ahead in the solar energy sector for agriculture.

Financials & Performance: This announcement primarily pertains to a new order and does not include specific quarterly or annual financial results, such as revenue, EBITDA, PAT, margins, or EPS. Therefore, a year-on-year (YoY) or quarter-on-quarter (QoQ) performance comparison, or a comparison against analyst expectations, cannot be made based on this information. Likewise, details on balance sheet, cash flow, key ratios like ROE/ROCE, debt position, or working capital are not provided in this notification.

Other Information: The company confirmed that the order does not fall within related party transactions and that there is no promoter/group company interest in the entity awarding the order. The order is domestic. There are no mentions of penalties, expansions, product launches, dividends, or buybacks in this particular announcement.

The Securities and Exchange Board of India (SEBI) has granted an exemption order to Shakti Sons Trust, a promoter group entity, from complying with regulations 3 and 4 read with regulation 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption pertains to the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited.

The application for exemption was made by Mr. Dinesh Patidar, on behalf of Shakti Sons Trust, citing the need for internal reorganisation of promoters' control and shareholding to streamline succession and protect family welfare. The proposed transactions involve the transfer of shares in unlisted group companies from Mr. Dinesh Patidar to Shakti Sons Trust.

SEBI noted that these transactions are non-commercial, will not lead to any change in the ownership, control, or management of Shakti Pumps (India) Limited, and will not affect the public shareholding, which remains at 48.42%. The total promoter and promoter group shareholding is stated to remain at 51.58%.

The exemption is granted subject to several conditions, including compliance with applicable laws, filing a report with SEBI post-acquisition, ensuring the truthfulness of statements made, and adherence to SEBI circulars and trust deed covenants. The exemption is valid for one year from the date of the order, requiring the proposed acquisitions to be completed within this period. This order does not exempt the trust from other disclosure requirements or regulations like insider trading.

The Securities and Exchange Board of India (SEBI) has issued an exemption order to Shakti Sons Trust regarding the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited. The exemption, granted on September 10, 2024, allows the trust to proceed without making a public announcement of an open offer, as required under regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The application was made by Shakti Sons Trust, a private family trust, to facilitate internal reorganization of promoter's control and shareholding, aiming to streamline succession planning and promote family welfare. SEBI considered that the proposed transactions, involving transfers of shares from promoter group entities and individuals to the trust, constitute a non-commercial, internal restructuring. Crucially, these transactions will not result in any change in the ownership, control, or management of Shakti Pumps (India) Limited, nor will they alter the total equity shareholding or public shareholding. The exemption is subject to several conditions, including compliance with the Companies Act, 2013, filing a report with SEBI within 21 days of acquisition, ensuring accuracy of submitted information, and adherence to SEBI circulars. The exemption remains valid for one year from the date of the order for the completion of the proposed acquisitions.

The Securities and Exchange Board of India (SEBI) has issued an exemption order dated September 10, 2024, to Shakti Sons Trust, allowing it to proceed with the proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited (SPIL) without making a public open offer. This exemption, granted under Section 11 of the SEBI Act, 1992, and Regulation 11(5) of the Takeover Regulations, 2011, is specifically for internal restructuring of the promoter family's shareholding. SPIL's share capital is Rs. 20.03 crore, comprising 2,00,35,100 equity shares of Rs. 10 each. The promoter shareholding is 51.58%, with public shareholding at 48.42%. The transactions involve transfers of shares from group unlisted entities (e.g., Vintex Tools Private Limited, Shakti Irrigation India Limited) to Shakti Sons Trust, a family trust established for succession planning and family welfare. SEBI confirmed that these internal reorganizations will not change the overall ownership, control, management, or public shareholding of SPIL, and the promoter group's total stake will remain 51.58%. The trust has committed to complying with SEBI's guidelines for family trusts, including disclosure requirements and annual compliance certifications. The exemption is valid for one year from the order date, contingent upon the trust adhering to specified conditions, including timely reporting and compliance with SEBI circulars.

The Securities and Exchange Board of India (SEBI) has issued an exemption order to Shakti Sons Trust concerning its proposed indirect acquisition of shares and voting rights in Shakti Pumps (India) Limited. The exemption, granted under Section 11(1) and 11(2)(H) of the SEBI Act, 1992 read with Regulation 11(5) of the Takeover Regulations, 2011, allows the trust to acquire shares without making a public announcement of an open offer.

The application for exemption was made by Mr. Dinesh Patidar on behalf of Shakti Sons Trust, a private family trust established for internal reorganization, succession planning, and promoter family welfare. The proposed transactions involve the transfer of shares from promoter group entities (like Vintex Tools Private Limited and Shakti Irrigation India Limited) to Shakti Sons Trust. SEBI noted that these transactions are an internal reorganization within the promoter family, would not lead to any change in the overall ownership, control, or management of Shakti Pumps, and would not impact the public shareholding (48.42%) or the total promoter group shareholding (51.58%).

The exemption is subject to conditions, including compliance with the Companies Act, 2013, SEBI circulars, and timely reporting of acquisitions. The exemption is valid for one year from the date of the order, during which the proposed acquisitions must be completed.

Shakti Pumps (India) Limited has issued a regulatory filing on August 8, 2025, announcing the availability of the transcript for its earnings call held on August 4, 2025. This call discussed the company's un-audited financial results for the first quarter of the fiscal year 2026, which concluded on June 30, 2025. The transcript provides a detailed record of the discussions, management commentary, and investor queries related to the quarterly performance. Investors can access this transcript through a direct link provided by the company or via its official website, offering insights into the company's operational and financial highlights for the period.

Shakti Pumps (India) Limited has filed a disclosure regarding a share acquisition by Vintex Tools & Machineries Private Limited, an entity associated with the promoter group. The acquisition involved 12,000 equity shares of Shakti Pumps (India) Limited, transacted via the open market on August 6, 2025. This is a public disclosure mandated under SEBI regulations for significant shareholding changes. Post-acquisition, Vintex Tools & Machineries' total shareholding stands at 48,71,000 shares, constituting 3.95% of the company's total paid-up equity share capital. Prior to this transaction, their holding was 3.94%, equivalent to 48,59,000 shares. The total equity share capital of Shakti Pumps is Rs. 123,39,79,650, represented by 12,33,97,965 equity shares of Rs. 10 each. The increase in promoter holding, though marginal, can be interpreted as a signal of continued promoter confidence in the company's future prospects and operational performance. This event does not involve any financial results, guidance updates, or operational changes, but is purely a change in ownership structure by a promoter entity.

Shakti Pumps (India) Limited has officially informed the National Stock Exchange of India Ltd. and BSE Limited about the availability of the audio recording from its conference call. This call took place on Monday, August 4, 2025, at 2:00 PM IST, and its primary purpose was to discuss the company's un-audited financial results for the first quarter of the fiscal year 2026, which ended on June 30, 2025. The recording has been uploaded to the company's official website, and a direct link has been provided for stakeholders to access. This allows investors to review management's insights into the quarterly performance, operational highlights, and future business outlook. The filing itself does not contain the financial results or specific guidance but facilitates access to the detailed discussion.

NA

Shakti Pumps (India) Limited presented its Q1 FY26 investor presentation, highlighting a robust financial performance for FY25 and a positive start to FY26. In Q1 FY26, the company reported revenue of ₹6,225 Mn, a 9.7% year-on-year (YoY) increase from ₹5,676 Mn in Q1 FY25. EBITDA stood at ₹1,436 Mn (+5.7% YoY), with EBITDA margins at 23.1%, a slight decrease of 87 bps from 23.9% in the prior year quarter. Profit After Tax (PAT) was ₹968 Mn (+4.5% YoY), with PAT margins at 15.6% (down 77 bps YoY). Basic EPS grew 4.4% YoY to ₹8.1.

For the full fiscal year FY25, Shakti Pumps demonstrated exceptional growth. Revenue soared by 83.6% YoY to ₹25,162 Mn from ₹13,707 Mn in FY24. EBITDA surged 168.2% YoY to ₹6,030 Mn, with EBITDA margins expanding significantly to 24.0% from 16.4% in FY24. PAT grew by an impressive 188.2% YoY to ₹4,084 Mn, and PAT margins improved to 16.2% from 10.3% YoY. Basic EPS for FY25 was ₹34.0, a 165.0% increase from FY24. Return on Equity (ROE) improved to 35.2% in FY25 from 18.4% in FY24, and ROCE rose to 43.9% from 9.8% YoY. The company's Debt-Equity ratio remained low at 0.1x as of March 31, 2025.

Management is optimistic for FY26, guiding for 25-30% revenue growth, supported by a strong order book of approximately ₹13,500 Mn as of August 1, 2025, with significant inflows expected from various state tenders, particularly in Maharashtra, Madhya Pradesh, Rajasthan, Haryana, and Uttar Pradesh. An international order worth USD 35.30 million from Uganda is also noted.

The company is executing a substantial Capex plan of Rs. 17,000 Mn, which includes doubling capacity for pumps, motors, VFDs, and solar structures (Rs. 2,500 Mn), establishing an EV motor and charger facility (Rs. 2,500 Mn), and setting up a 2.2 GW solar DCR cell and PV module plant in Pithampur, Madhya Pradesh (Rs. 12,000 Mn). A QIP of Rs. 2,926 Mn was successfully raised to partly fund the solar plant project.

Operationally, Shakti Pumps has focused on working capital management, reducing receivable days to 152 in FY25 from 178 in FY24, with a target of 120 days by FY26. Net cash from operating activities decreased to ₹205 Mn in FY25 from ₹497 Mn in FY24, largely due to a significant negative change in working capital of ₹4,632 Mn, while investing activities saw higher Capex of ₹1,980 Mn. The company holds 15 patents and is expanding into EV and Solar Rooftop segments, aligning with government initiatives like PM-KUSUM and PM Surya Ghar: Muft Bijli Yojana.

Shakti Pumps (India) Limited announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), showing a strong start to the fiscal year. Revenue from operations grew by 9.7% YoY to Rs 6,225 Mn from Rs 5,676 Mn in Q1 FY25. EBITDA stood at Rs 1,436 Mn, a 5.7% increase YoY, with an EBITDA margin of 23.1% (down 87 bps YoY). Profit After Tax (PAT) was Rs 968 Mn, up 4.5% YoY from Rs 927 Mn, resulting in a PAT margin of 15.6% (down 77 bps YoY). Basic EPS stood at Rs 8.1, a 4.4% increase YoY. For the full year FY25, the company reported significant YoY growth: Revenue at Rs 25,162 Mn (+83.6%), EBITDA at Rs 6,030 Mn (+168.2%), and PAT at Rs 4,084 Mn (+188.2%), with substantial margin improvements. Management highlighted robust execution in the solar pump segment and consistent export momentum as key drivers. The company maintained a strong order book of approximately Rs 13,500 Mn as of August 1, 2025, and is leveraging its market share in the PM-KUSUM scheme. The rooftop solar segment is also gaining traction. The company is executing a Rs 17,000 Mn capex plan, including doubling capacity for pumps, motors, VFDs, and solar structures (Rs 2,500 Mn), establishing an EV motor and charger facility (Rs 2,500 Mn), and setting up a 2.2 GW solar DCR cell and PV module plant (Rs 12,000 Mn). Rs 2,926 Mn was raised via QIP to partially fund the solar plant. Management guided for 25-30% revenue growth in FY26 and expects to sustain this trajectory for the next 3-4 years. Working capital is being optimized, targeting receivable days to return to approximately 120 days by end of FY26. The company's long-term and short-term credit ratings were upgraded to IND AA-/Stable and IND A1+ respectively by India Ratings.

Shakti Pumps (India) Limited, via a filing on August 2, 2025, has informed the National Stock Exchange of India Ltd. and BSE Limited about the newspaper publication of its unaudited financial results for the quarter ended June 30, 2025. This is in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published on August 2, 2025, in The Economic Times (English) and Business Standard (Hindi) editions. The filing itself does not contain the financial figures but serves as notification of their public disclosure.

Shakti Pumps (India) Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2025, to the National Stock Exchange (NSE) and BSE Limited. The report, issued by India Ratings & Research Private Limited (the appointed Monitoring Agency), details the utilization of funds raised through a Qualified Institutions Placement (QIP). This filing is a regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The document confirms compliance with the stated purpose of fund utilization as per the regulations, but does not contain any specific financial performance metrics, company guidance, or outlook. The company also makes this information available on its website.

Shakti Pumps (India) Limited has announced a strategic investment of ₹5 Crore into its wholly-owned subsidiary, Shakti EV Mobility Private Limited. The investment is aimed at expanding the subsidiary's business operations focused on the manufacturing of electric vehicle (EV) components.

Investment Details: The company subscribed to 50,00,000 equity shares of face value ₹10 each, bringing the total consolidated investment in Shakti EV Mobility to ₹55 Crore. This capital infusion is made through equity shares and was completed on the same day.

Subsidiary Profile: Shakti EV Mobility Private Limited, incorporated on December 16, 2021, is engaged in the manufacturing of electric vehicle motors and charger controllers. It produces motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose EVs, as well as EV chargers. As of March 31, 2025, the subsidiary reported total assets of ₹10,121.83 Lakhs (approximately ₹101.22 Crores) and a turnover of ₹372.73 Lakhs (approximately ₹3.73 Crores).

Strategic Rationale & Outlook: The primary objective of this investment is to initiate and expand the subsidiary's business. This strategic move underscores Shakti Pumps' commitment to capitalizing on the rapid growth of the electric vehicle market and strengthening its position within this sector. The company plans to leverage its subsidiary's capabilities to meet the increasing demand for EV components and align with global trends towards sustainable transportation.

Shakti Pumps (India) Limited has officially disclosed the appointment of M/s M.P. Turakhia & Associates as the company's Cost Auditor for the upcoming Financial Year 2025-26. This significant administrative decision was made by the Board of Directors during their meeting on Friday, August 1, 2025. The primary rationale behind this appointment is to ensure compliance with the provisions stipulated under Section 148 of the Companies Act, 2013, and its accompanying rules. The selection of M/s M.P. Turakhia & Associates was made following the recommendations of the Audit Committee. It is important to note that this appointment is provisional and subject to the final approval of the company's shareholders, which will be sought at the ensuing Annual General Meeting (AGM). M/s M.P. Turakhia & Associates is a professional firm that prides itself on a strong blend of experience and dynamism. It comprises three partners, including a senior partner with 27 years of experience in cost and management consultancy, and another partner with over 18 years of working experience across various industries, known for their tech-savviness. Both partners also contribute to a Mumbai-based cost accounting firm of national repute. The firm has a robust track record, handling consultancy and cost audit assignments for numerous well-regarded companies, spanning export-import services, excise/GST advisory, and covering public sector, private sector, and government sector clients. This appointment is a routine compliance and governance step for the company.

Shakti Pumps (India) Limited has announced a corporate governance update following its Board of Directors meeting held on August 1, 2025. The board has approved the re-appointment of Mr. Sunil Patidar (DIN: 02561763) as a Whole-time Director for a further term of five years, commencing from January 29, 2026. This reappointment is subject to the approval of the company's shareholders at the ensuing Annual General Meeting (AGM). Mr. Patidar has an experience of over three decades in the field of manufacturing and selling stainless steel pumps, with expertise in people management and industrial relations, ensuring administrative and legal compliances. He is the brother of Mr. Dinesh Patidar, the Chairman cum Whole Time Director. The company has confirmed that Mr. Patidar is not debarred from holding office by any SEBI order or any other authority. This announcement pertains to management continuity and does not include any financial performance data, guidance, or outlook.

Shakti Pumps (India) Limited announced the outcome of its Board Meeting held on August 1, 2025. The board approved the un-audited consolidated and standalone financial results for the quarter ended June 30, 2025. However, this filing does not provide consolidated financial performance figures such as revenue, profit after tax (PAT), EBITDA, or margins for Q1 FY25. The limited review reports attached provide some segment-wise financial data: the Uganda branch reported revenue of ₹22.34 Cr and a net loss of ₹0.58 Cr for the quarter. Two subsidiaries reported combined revenue of ₹53.76 Cr and a net profit of ₹2.39 Cr, while two foreign subsidiaries had revenues of ₹31.00 Cr and a net profit of ₹3.11 Cr. One subsidiary's financials, deemed immaterial, were not reviewed. No management guidance, outlook, or detailed financial statements (balance sheet, cash flow) or ratios were provided. Key corporate decisions include fixing September 18, 2025, as the record date for dividend entitlement for FY 2025. The 30th Annual General Meeting is scheduled for September 25, 2025. Mr. Sunil Patidar was re-appointed as Whole-time Director for a five-year term from January 29, 2026. Significantly, the board approved a proposal to revise the remuneration of Chairman cum Whole-time Director, Mr. Dinesh Patidar, from ₹9 Crores per annum to ₹18 Crores per annum, subject to shareholder approval. The board also approved seeking shareholder consent to increase the company's borrowing power and its power to create charges on assets, both up to ₹3,000 Crores. The company also approved its annual reports and appointed a cost auditor for FY 2025-26. Comparative figures for Q1 FY24 were reviewed by another firm, but no data was disclosed here.