SHAKTI PUMPS (INDIA) LTD.-$

Shakti Pumps (India) Limited has invested ₹11 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This investment is to establish a greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW. SESL, incorporated in 2010, had a turnover of ₹239.11 Crores in FY26 and is expanding its business beyond solar structures and rooftops into cell and module manufacturing. The investment was made in cash through the subscription of equity shares.

Shakti Sons Trust, identified as part of the promoter/promoter group, has acquired 12,400 equity shares of Shakti Pumps (India) Limited through open market transactions. This acquisition represents a 0.01% stake with respect to the total share capital. Following the acquisition, the trust's total holding in Shakti Pumps (India) Limited stands at 2,26,67,000 equity shares, amounting to 18.37% of the total share capital. The acquisition occurred in September 2026, and the shares are equity shares. The total diluted share capital of the company remains unchanged at Rs. 123,39,79,650.

Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS). The order, valued at approximately ₹235.92 Crores (inclusive of GST), covers pumps of 3 HP, 5 HP, and 7.5 HP for the entire state of Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana'. The execution of this significant order is expected within 60 days from the issuance of the work order or Notice to Proceed (NTP). This empanelment represents a substantial business win for Shakti Pumps, reinforcing its position in the solar energy sector.

Shakti Brothers Trust, identified as part of the promoter/promoter group, has acquired 11,800 equity shares of Shakti Pumps (India) Limited through open market transactions. This acquisition increases their total holding to 93,97,000 shares, representing 7.62% of the total share capital. The transaction occurred on September 8, 2026. The total diluted share capital of the company remains unchanged.

Shakti Pumps India Ltd has invested ₹11 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This investment is for setting up a greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a 2.20 GW production capacity. SESL reported a turnover of ₹239.11 Crores in FY26. The investment was made in cash through the subscription of equity shares. No government or regulatory approvals are required for this investment, which is considered an intra-group transaction and not subject to arm's length considerations.

Shakti Pumps India Ltd announced the resignation of Dr. Chinmay Jain, Chief Technology Officer and member of Senior Management Personnel. The resignation is effective August 25, 2026, due to personal reasons. The company has accepted the resignation and expressed appreciation for his contributions. Mr. Dinesh Patidar, Chairman cum Whole-time Director, will continue to lead technology, innovation, and R&D initiatives, ensuring continuity in the company's strategic and growth plans.

Shakti Pumps India Ltd has announced an upgrade in its overall ESG Rating by ICRA ESG Rating Limited. The rating has been improved from '[ICRA ESG] Impact Rating 75, Good' to '[ICRA ESG] Impact Rating 78, Good'. This upgrade reflects the company's enhanced sustainability performance across environmental, social, and governance parameters during FY26. Key improvements were noted in environmental disclosures, health & safety, CSR activities, and governance transparency. The company views this as a recognition of its commitment to responsible growth and sustainable value creation, with sustainability integrated into its core business strategy.

Shakti Pumps India Ltd has invested ₹5.00 Crores in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 50,00,000 equity shares. This investment increases the consolidated investment in the subsidiary to ₹75,00,00,000. Shakti EV Mobility Private Limited is engaged in the manufacturing of electric vehicle motors and charger controllers for various vehicle types. The investment aims to initiate and expand the subsidiary's business operations. No government or regulatory approvals were required for this cash transaction, which was completed on the same day.

Shakti Pumps India Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by India Ratings & Research Private Limited, confirms no deviation from the objects for which funds were raised through Qualified Institutions Placements (QIPs) on March 22, 2024, and July 5, 2025. The total issue size was INR 2,000.00 Mn, comprising 16,54,944 Equity Shares. The company is also making this information available on its website.

Shakti Pumps (India) Limited (SPIL) announced its financial results for the quarter ended June 30, 2026, reporting a record consolidated revenue of ₹8,587 Mn, a significant YoY increase. EBITDA stood at ₹829 Mn with a margin of 9.6%, broadly stable sequentially. Profit After Tax (PAT) grew by 34.6% QoQ to ₹516 Mn. The Solar Pumps business saw a 51.3% YoY revenue growth to ₹6,851 Mn, driven by a 57.6% YoY increase in pump installations. The company highlighted strong visibility in the PM-KUSUM scheme and other solar irrigation programs, with a healthy order book of ₹10,000 Mn. Emerging businesses like Solar Cash/Retail and Solar Rooftop are gaining traction, and investments in capacity expansion for pumps, motors, VFDs, solar structures, and module facilities are on track. The export business also sustained momentum.