Shakti Pumps (India) Limited has submitted the Exchange a copy of Scrutinizers report of Annual General Meeting held on September 25, 2025 along with voting results.
SHAKTIPUMP · price
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Shakti Pumps held its 30th AGM on September 25, 2025 via video conferencing, where all 10 resolutions were passed. Key approvals included a 10% dividend (Rs. 1 per share of face value Rs. 10) for FY ended March 31, 2025, which received 99.99% support. Shareholders also approved expanding the company's borrowing limit to Rs. 3,000 Crores (98.19% in favour) and the corresponding authority to create charges on assets (99.36% in favour). Director-related resolutions were also passed, including the re-appointment of Mr. Ashwin Bhootda (99.81%), Mr. Sunil Patidar as Whole Time Director for 5 years (99.89%), and appointment of the Secretarial Auditor (99.99%). Two resolutions on revising/paying remuneration to directors Mr. Dinesh Patidar and Mr. Ramakrishna Sataluri passed with around 94% support, though institutional investors voted about 31% against these related-party resolutions. Voting participation was approximately 62.57% of outstanding shares, with 440 shareholders casting votes.
Shareholders will receive a Rs. 1 per share dividend, and the significantly higher borrowing ceiling (Rs. 3,000 Crores) signals potential expansion or capex plans ahead. The notable institutional dissent on director remuneration resolutions is worth tracking but did not block the approvals.