Shakti Pumps (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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Shakti Pumps held its 30th Annual General Meeting on September 25, 2025, via video conferencing from 11:30 AM to 12:06 PM. Shareholders approved 10 resolutions, including adoption of audited financial statements for FY ending March 31, 2025, and declaration of a final dividend of Rs. 1 (10%) per equity share on a face value of Rs. 10. Key appointments and re-appointments were cleared, including Mr. Sunil Patidar as Whole Time Director for 5 years, and Mr. Ashwin Bhootda (retiring by rotation). Notably, shareholders approved a significant borrowing limit of up to Rs. 3,000 Crores and the corresponding authority to create charges on company assets. Both the Statutory and Secretarial Audit Reports were clean with no qualifications or adverse remarks.
The Rs. 3,000 Crore borrowing approval signals potential capacity for major expansion or capex plans, which could drive future growth but also raise leverage. A modest 10% dividend keeps payouts limited, while clean audit reports reinforce governance confidence. E-voting results are awaited within two working days.