Shakti Pumps (India) Limited has informed the Exchange that Company has invested Rs. 10.00 Crores in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited.
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Shakti Pumps has invested Rs. 10 crore in its wholly owned subsidiary Shakti EV Mobility Private Limited by subscribing to 1 crore equity shares at Rs. 10 each. This takes the company's total consolidated investment in the subsidiary to Rs. 65 crore. The subsidiary, incorporated in December 2021, is engaged in manufacturing electric vehicle motors for two/three/four wheelers and EV chargers. As of March 2025, the subsidiary had total assets of Rs. 10,121.83 lakh with turnover of Rs. 372.73 lakh in FY2025 and Rs. 430.09 lakh in FY2024.
This capital infusion strengthens the EV mobility business subsidiary and signals continued commitment to the electric vehicles segment. As it involves a wholly owned subsidiary, this is not a related party transaction and has no direct impact on standalone financials.