SHAKTI PUMPS (INDIA) LTD.-$

Shakti Pumps India Ltd. has submitted a Monitoring Agency Report by India Ratings & Research for the quarter ended March 31, 2026, as per SEBI regulations regarding the utilization of funds raised through Qualified Institutions Placements (QIPs) held on March 22, 2024, and July 5, 2025. The report confirms no deviation from the stated objectives of the QIP proceeds. The monitoring agency declares that the report provides an objective view based on information provided by the issuer and believed to be accurate, without performing an audit or independent verification.

Shakti Pumps India Ltd reported its highest-ever revenue for the quarter and full year ended March 31, 2026. Consolidated revenue reached ₹26,976 Mn in FY26 and ₹8,578 Mn in Q4 FY26. Receivables reduced significantly by over ₹4,200 Mn. The company installed 86,086 solar pumps during FY26, a 20% YoY growth. The order book stands at approximately ₹15,000 Mn as of May 7, 2026. EBITDA margins were impacted by lower realization in the Magel Tyala Scheme, elevated raw material costs, and high logistics costs.

Shakti Pumps India Ltd has re-appointed Mr. Dinesh Patidar as Chairman cum Whole-time Director and Mr. Ramesh Patidar as Managing Director for a further term of 3 years effective from May 07, 2026, subject to shareholder approval at the upcoming AGM. Mr. Dinesh Patidar is the brother of Mr. Sunil Patidar, Whole Time Director. Both directors are not debarred from holding office by any SEBI order.

Shakti Pumps India Ltd has appointed M/s. M.P. Turakhia & Associates Cost Accountant as Cost Auditor for the financial year 2026-27. The appointment, approved by the Board of Directors on May 07, 2026, is based on the recommendation of the Audit Committee and is subject to shareholder approval at the ensuing AGM. M.P. Turakhia & Associates is a firm of Cost Accountants with experienced professionals in cost audit, cost management, taxation, and industrial consultancy.

Shakti Pumps India Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They recommended a final dividend of ₹1 per equity share (10%) subject to shareholder approval. The board also approved the re-appointment of Mr. Dinesh Patidar as Chairman cum Whole-time Director and Mr. Ramesh Patidar as Managing Director, both for a further term of 3 years, subject to shareholder approval. The 31st Annual General Meeting will be held on August 5, 2026, via video conferencing.

Shakti Pumps India Ltd. announced audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved these results at a meeting held on May 7, 2026, and recommended a final dividend of ₹1 per equity share (10%) for FY26, subject to shareholder approval. The record date for dividend entitlement is set for July 29, 2026. The company's 31st AGM will be held on August 5, 2026, via video conferencing. The board also approved the re-appointment of Mr. Dinesh Patidar and Mr. Ramesh Patidar as Chairman cum Whole-time Director and Managing Director, respectively, and appointed M/s. M.P. Turakhia & Associates as Cost Auditor for FY 2026-27.

Shakti Pumps India Ltd has scheduled a Board of Directors meeting on May 7, 2026, to consider and approve the audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. The board will also consider recommending a final dividend, decide on the date and venue for the 31st Annual General Meeting, and approve various reports including the Board Report and Corporate Governance Report. The trading window closure commenced on April 1, 2026, and will end 48 hours after the results are public.

Shakti Pumps India Ltd. has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 6,580 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP, and 7.5 HP. The order, valued at ₹155.24 Crores (inclusive of GST), is for the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and is to be executed within 60 days from the issuance of the work order.

Shakti Pumps India Ltd has invested an additional \u20b910.00 Crores in its wholly-owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1 Crore equity shares. This investment increases the consolidated investment in the subsidiary to \u20b965.00 Crores. Shakti EV Mobility, incorporated in December 2021, is engaged in manufacturing electric vehicle motors and chargers. The investment aims to initiate and expand the subsidiary's business in the electric vehicle sector.

Shakti Pumps (India) Limited has invested ₹7.00 Crores in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), on April 18, 2026. This investment is for establishing 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, manufactures solar structures and deals in solar rooftops, with a turnover of ₹216.53 Crores for FY25. The investment is made in cash by subscribing to equity shares and does not fall under related party transactions.