12-Oct-2026 15:43:14
SHAKTIPUMPExpansion
SHAKTIPUMP : INVESTS RS 5 CR IN WHOLLY OWNED SUBSIDIARY SHAKTI EV MOBILITY
• Company subscribed to 50,00,000 equity shares of face value ₹10 each in wholly owned subsidiary Shakti EV Mobility • Investment amount ₹5 Cr in cash; consolidated investment in the subsidiary rises to ₹80 Cr • Shakti EV Mobility incorporated on December 16, 2021; total assets ₹128.57 Cr as on March 31, 2026 • Subsidiary manufactures electric vehicle motors for 2W/3W/4W/special purpose EVs and EV chargers • Turnover: FY26 ₹24.25 Cr, FY25 ₹3.73 Cr, FY24 ₹4.30 Cr • No government or regulatory approvals required; completion same day
Shakti Pumps India Ltd-$
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