Shakti Pumps India Ltd

Instruments Rated

• Bank loan facilities (INR 8,500 million) rated IND AA-/Stable/IND A1+ (Assigned).
• Bank loan facilities (INR 13,100 million) rated IND AA-/Stable/IND A1+ (Affirmed).

Rating Agency

• India Ratings & Research Private Limited.

Rationale

• Rationale: Based on recent operational and financial performance.

Outlook

• Stable outlook for long-term ratings.

Material changes

• New rating assigned for INR 8,500 million facilities; existing rating affirmed for INR 13,100 million facilities.

Shakti Pumps India Ltd — Trading Window Closure from 01 October 2026 until 48 hours after the unaudited financial results for the quarter and half ended September 30, 2026

Transaction details

• Target Company: Shakti Pumps (India) Limited.
• Disclosing Party: Shakti Sons Trust, promoter group.
• Transaction Type: Acquisition of 15,000 equity shares.
• Pre-Transaction Holding: 2,26,67,000 shares (18.37%).
• Transaction Details: 15,000 shares acquired; open market; equity shares; 0.01% of diluted capital.
• Post-Transaction Holding: 2,26,82,000 shares (18.38%).
• Date of Transaction: 16 September 2026.
• Share Capital Context: Before 12,29,92,965 shares; After 12,99,92,965.
• Total diluted share capital: 12,99,92,965 shares.

Transaction basics

• Target Company: Shakti Pumps (India) Limited.
• Disclosing Party: Shakti Future Trust, promoter group acquirer.
• Transaction Type: Acquisition of 10,000 equity shares.
• Date of transaction: 16 September 2026.

Holdings and capital context

• Pre-transaction voting rights: 90,16,000 shares (7.31%).
• Encumbrances: Nil.
• Shares acquired: 10,000; 0.01% of total voting capital.
• Mode and instrument: Open Market; Equity Shares.
• Post-transaction voting rights: 90,26,000 shares (7.32%).
• Capital before/after: Rs. 123,39,79,650; 12,33,97,965 equity shares.
• Total diluted capital after: Rs. 123,39,79,650 (12,33,97,965 shares).

Meeting Details

• Date and time: 21 September 2026, 10:00 AM–5:00 PM
• Type and mode: Group investor conference; in-person
• Organizer: Anand Rathi Institutional Equities (G200 Summit 2026)
• Location: Mumbai

Participants

• Key participants: Company management to participate.

Purpose

• Purpose: Investor interaction; discussions reference publicly available documents.

Additional Notes

• Investor presentation uploaded on company website; intimated to exchanges on 25 July 2026.

Deal overview

• Target: Shakti Energy Solutions Limited (SESL), SPIL's wholly owned subsidiary.
• Investment: Rs 11.0 crore cash for additional equity in SESL.
• Purpose: fund greenfield Solar DCR cell and PV module plant in Pithampur.
• Plant capacity: 2.20 GW Solar DCR cell and PV modules.
• Industry: Solar structures, rooftop; expanding into DCR cell and PV modules.
• Regulatory: No government approvals required.
• Completion: Same day.
• Form of consideration: Cash by equity subscription.
• Ownership effect: No change in SPIL's ownership; SESL remains 100% subsidiary.
• Background: Incorporated 06 Sep 2010; Solar Structures and Rooftop presence.
• Turnover history: FY24 Rs 139.59 Cr; FY25 Rs 216.53 Cr; FY26 Rs 239.11 Cr.

Key details

• Target Company: Shakti Pumps (India) Limited.
• Disclosing Party: Shakti Sons Trust, promoter group.
• Transaction Type: Acquisition of equity shares carrying voting rights.
• Pre-Transaction Holding: 2,26,54,600 shares (18.36%), encumbrances Nil.
• Acquired 12,400 shares (0.01%), Open Market on 11 September 2026.
• Post-Transaction Holding: 2,26,67,000 shares (18.37%).
• Date of Transaction: 11 September 2026.
• Equity share capital before: Rs 123,39,79,650 (12,33,97,965 shares).
• Equity share capital after: Rs 123,39,79,650 (same).
• Total diluted capital after: Rs 123,39,79,650.

Order details

• Awarding entity: Maharashtra State Electricity Distribution Company Limited (domestic).
• Turnkey scope: design, manufacture, supply, transport, install, test and commission 10,000 off-grid SPWPS pumps.
• Total value: Rs 216.64 crore excluding GST; Rs 235.92 crore including GST.
• Timeframe: execution within 60 days from issuance of Work Order/NTP.
• Nature of order: domestic; under Magel Tyala Saur Krushi Pump Yojana in Maharashtra.
• Related party/promoter interest: none; not an arm's length related party transaction.

Key details

• Target Company is Shakti Pumps (India) Limited.
• Disclosing Party is Shakti Brothers Trust, promoter group entity.
• Transaction Type: Acquisition of 11,800 equity shares.
• Pre-Transaction Holding: 93,85,200 shares (7.61%).
• Details of acquisition: 11,800 shares acquired via Open Market, 0.01% of diluted capital.
• Post-Transaction Holding: 93,97,000 shares (7.62%).
• Date of Transaction: 08 September 2026.
• Share Capital Context: Equity capital before/after is Rs 123,39,79,650.