Shakti Pumps Invests ₹5 Cr in EV Subsidiary

Shakti Pumps India Ltd has invested ₹5 Crores (₹5,00,00,000) in its wholly-owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 50,00,000 equity shares. This investment brings the total consolidated investment in the subsidiary to ₹80 Crores (₹80,00,00,000). Shakti EV Mobility Private Limited, incorporated in December 2021, is engaged in manufacturing electric vehicle motors and chargers. The objective of this investment is to initiate and expand the subsidiary's business operations. The subsidiary reported total assets of ₹12,857.28 Lacs as of March 31, 2026, with turnovers of ₹2,425.41 Lacs (FY26), ₹372.73 Lacs (FY25), and ₹430.09 Lacs (FY24). No government or regulatory approvals were required for this cash consideration investment, which was completed on the same day.