Shakti Pumps (India) Limited has invested ₹12 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1.20 crore equity shares with a face value of ₹10 each. Following this investment, the company’s total investment in the subsidiary has reached ₹92 crore.
According to the company’s disclosure dated October 22, 2026, the investment was made through a cash consideration by subscribing to equity shares of Shakti EV Mobility Private Limited.
Shakti EV Mobility Private Limited was incorporated on December 16, 2021, and is engaged in manufacturing electric vehicle motors and chargers. Its product portfolio includes motors for two-wheelers, three-wheelers, four-wheelers, special-purpose electric vehicles and other applications, along with chargers for electric vehicles.
The investment aims to initiate and expand the business operations of the wholly owned subsidiary. The company stated that no governmental or regulatory approvals are required for the investment and that the transaction was scheduled for completion on the same day.
As Shakti EV Mobility Private Limited is a wholly owned subsidiary of Shakti Pumps (India) Limited, the company stated that the investment does not fall under related-party transactions. The subsidiary reported total assets of ₹12,857.28 lakh as of March 31, 2026.
The subsidiary recorded a turnover of ₹2,425.41 lakh in FY 2025–26, compared with ₹372.73 lakh in FY 2024–25 and ₹430.09 lakh in FY 2023–24, according to the disclosure submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
