Shakti Sons Trust has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
SHAKTIPUMP · price
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Shakti Sons Trust, the promoter of Shakti Pumps (India) Limited, has disclosed an indirect acquisition of 2.96% equity shares in the target company. The trust received 16,18,422 shares (75% stake) of Vintex Tools & Machineries Private Limited from Mr. Dinesh Patidar via a gift on 14th August 2025. Since Vintex holds 3.95% in Shakti Pumps, this gift results in an indirect acquisition of 2.96% shares. The transaction was done in physical form, with no monetary consideration, and was executed under a SEBI exemption order dated 10th September 2024. The purpose is to provide continuity to existing shareholders, protect the family from future disputes, and streamline succession. There is no change in control, management, or total promoter shareholding in Shakti Pumps, which remains at 50.29% post-transaction. The trust's direct holding stays at 18.33% (2,26,18,600 shares).
This is an internal promoter family restructuring with no impact on the company's shareholding pattern, control, or public shareholders. Existing shareholders should not see any change in promoter influence or voting rights — it is essentially a succession planning exercise moving shares into a family trust.