The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shakti Sons Trust
SHAKTIPUMP · price
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Shakti Sons Trust (a promoter of Shakti Pumps India Ltd) acquired 65,000 shares (2.00%) of Shakti Irrigation India Limited by way of gift – 10,000 shares from Dinesh Patidar on Aug 14, 2025, and 55,000 shares from Dinesh Patidar HUF on Aug 20, 2025. Since Shakti Irrigation India holds 4.53% in Shakti Pumps, this resulted in an indirect acquisition of about 0.09% equity in Shakti Pumps. The transaction was an off-market, no-cash gift done for family succession planning and to protect against future family disputes, with no change in control or management. SEBI had pre-exempted this transaction from open offer requirements under Regulations 3, 4 and 5 of SAST via its order dated September 10, 2024. Pre and post shareholding of Shakti Pumps remains unchanged, with the promoter group still holding 50.29%.
This is an internal promoter-family reorganization with no change in ultimate control or total promoter holding in Shakti Pumps, so it is neutral for shareholders and unlikely to affect the stock price. Open offer obligation was avoided due to SEBI exemption.