Shakti Pumps (India) Limited has informed the Exchange about Acquisition by way of subscribing 50,00,000 Equity Shares of its Wholly owned subsidiary i.e. Shakti EV Mobility Pvt. Ltd. amounting to Rs.5,00,00,000.
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Shakti Pumps (India) Limited has invested Rs. 5 crores in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 50,00,000 equity shares of Rs. 10 each. With this infusion, the total cumulative investment in the subsidiary now stands at Rs. 55 crores. Shakti EV Mobility, incorporated in December 2021, manufactures electric vehicle motors for two, three, four-wheelers and special-purpose vehicles, along with EV chargers. The subsidiary reported a turnover of Rs. 372.73 lakhs with total assets of Rs. 10,121.83 lakhs as of March 31, 2025. The investment was completed on the same day without any regulatory approvals and is aimed at expanding the subsidiary's EV business operations.
This is a routine capital infusion into an existing wholly owned subsidiary, so it does not change ownership or control. It signals Shakti Pumps' continued commitment to growing its EV vertical, which could be a positive long-term growth signal for shareholders but has no immediate material impact on the listed company's standalone financials.