Shakti Pumps (India) Limited has informed the Exchange regarding Annual Compliance Certificate recevied from the Promoters Family Trusts in respect of SEBI exemption order dated November 30, 2023
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Shakti Pumps (India) Limited has submitted annual compliance certificates received from three promoter family trusts — Shakti Sons Trust, Shakti Brothers Trust, and Shakti Future Trust — for FY 2024-25. These certificates were required under a SEBI exemption order dated November 30, 2023, which relieved the trusts from certain takeover regulation requirements when acquiring shares from the promoter. An independent auditor (S.B. Patidar & Co.) confirmed that all three trusts are in compliance with the SEBI order and circular. During FY 2024-25, the trusts received 5:1 bonus shares issued on November 26, 2024, and also made small incremental share purchases: Shakti Sons Trust bought 10,000 shares (now 2,26,18,600 shares, 18.82%), Shakti Brothers Trust bought 4,000 shares (now 93,77,200 shares, 7.80%), and Shakti Future Trust bought 5,000 shares (now 90,05,000 shares, 7.49%).
This is a routine regulatory filing with no material impact on shareholders or stock price. The promoter family trusts' combined holding remains around 34.1%, with only negligible changes in percentage ownership. The small open-market purchases by the trusts are insignificant in size and unlikely to affect trading dynamics.