SHAKTI PUMPS : WHOLLY OWNED STEP-DOWN SUBSIDIARY ACQUIRES 50,00,000 EQUITY SHARES OF SHAKTI EV MOBILITY PRIVATE LIMITED

• Shakti Pumps (India) Limited invested ₹5,00,00,000 (₹5 Cr) in its wholly owned subsidiary, Shakti EV Mobility Private Limited. • The investment was made by subscribing to 50,00,000 equity shares of face value ₹10 each. • The consolidated investment in Shakti EV Mobility now stands at ₹70,00,00,000 (₹70 Cr). • Shakti EV Mobility was incorporated on December 16, 2021, and is engaged in manufacturing electric vehicle motors and chargers. • FY24 turnover of Shakti EV Mobility was ₹430.09 Lakhs, FY25 was ₹372.73 Lakhs, and FY26 projected at ₹2,425.41 Lakhs.

Shakti Pumps India Ltd-$

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