SHAKTIPUMPBSESHAKTI PUMPS (I) LTDLowNeutral
Announced Tue, 14 Jul · 19:09 IST

We are submitting herewith Notice of 31st Annual General Meeting of the Company scheduled to be held on Wednesday, August 05, 2026 at 11:30 AM through Video Conferencing and Other Audio Visual Means.

Board & Shareholder Meetings View source PDF

SHAKTIPUMP · price

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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹553.95
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₹556.35
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AI summary

Shakti Pumps has called its 31st AGM on August 5, 2026 at 11:30 AM via video conferencing. Shareholders will consider adopting audited standalone and consolidated financial statements for FY ended March 31, 2026, and approve a final dividend of ₹1 per share (10% on face value of ₹10) for FY2025-26. Special business includes re-appointment of Mr. Dinesh Patidar as Chairman cum Whole-time Director and Mr. Ramesh Patidar as Managing Director, each for 3 years from May 7, 2026, along with a revision in remuneration for Whole-time Director Mr. Sunil Patidar. The AGM also seeks ratification of remuneration for M/s M.P. Turakhia & Associates as Cost Auditors for FY2026-27 at ₹88,000 per annum. FY2026 standalone sales stood at ₹2,643 crore with profit after tax of ₹244 crore, against ₹2,479 crore and ₹394 crore respectively in FY2025.

Likely market impact

The final dividend of ₹1 per share provides a modest 10% payout on face value. Director re-appointments signal management continuity, while the remuneration revision for Mr. Sunil Patidar is a routine governance matter requiring shareholder approval.