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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Awaiting price reaction for this filing.
Shakti Sons Trust, a promoter entity of Shakti Pumps (India) Limited, has reported acquiring 65,000 equity shares (2.00%) of Shakti Irrigation India Limited — another promoter group entity that holds 4.53% in Shakti Pumps. The shares were received as a gift from Chairman & Whole-time Director Dinesh Patidar (10,000 shares on 14 August 2025) and Dinesh Patidar HUF (55,000 shares on 20 August 2025), both promoter group members. Since Irrigation India holds 4.53% in the Target Company, this translates into an indirect increase of roughly 0.09% in promoter shareholding in Shakti Pumps. The transaction was completed without any monetary consideration via an off-market, dematerialised transfer. The stated purpose is family succession planning and protection from future family disputes, with no change in control or management of the company. SEBI had earlier granted an exemption (order dated 10 September 2024) from open offer obligations for such transactions.
This is essentially an internal promoter-family reshuffle with negligible financial impact on public shareholders — indirect promoter holding in Shakti Pumps rises by only about 0.09%, no open offer is triggered, and control remains unchanged. The stock price is unlikely to be materially affected.