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Shakti Pumps (India) Limited has made a fresh investment of ₹5 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited. The investment was made through the subscription of 50 lakh equity shares at a face value of ₹10 each, increasing the total consolidated investment in the subsidiary to ₹55 crore.
The investment was carried out in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes all necessary disclosures as per SEBI Circular No. SEBI/HO/CFD/CFD-1/P/CIR/2023/123 dated July 13, 2023.
Shakti EV Mobility Private Limited, incorporated on December 16, 2021, operates in the electric vehicle sector. The company is engaged in manufacturing electric motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles, along with EV chargers and controllers. As of March 31, 2025, the company reported total assets of ₹1,012.18 crore and a turnover of ₹37.27 crore.
Since Shakti EV Mobility is a wholly-owned subsidiary of Shakti Pumps, the transaction does not qualify as a related-party transaction and therefore, arm’s length pricing is not applicable. No government or regulatory approvals were required, and the investment was completed on the same day as the share subscription.
The primary objective of this capital infusion is to support the initiation and expansion of the subsidiary’s operations. The investment is expected to enhance Shakti EV Mobility’s product development and manufacturing capabilities, further strengthening its position in the rapidly growing EV ecosystem.
