Shakti Pumps (India) Limited has invested an additional Rs 5.00 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, to support and expand its electric vehicle business. The company disclosed the investment through a regulatory filing submitted to the National Stock Exchange of India Limited and BSE Limited.
The investment was made through the subscription of 50,00,000 equity shares of Shakti EV Mobility at a face value of Rs 10 each. The transaction was completed on the date of the disclosure and did not require any prior government or regulatory approval. With this investment, Shakti Pumps’ total consolidated investment in the subsidiary has increased to Rs 75.00 crore.
Shakti EV Mobility was incorporated on December 16, 2021, and operates in India’s electric vehicle industry. The subsidiary manufactures electric vehicle motors and charger controllers for two-wheelers, three-wheelers, four-wheelers and special-purpose electric vehicles.
The company has recorded strong growth in turnover in recent years. Its turnover increased from Rs 430.09 lakh in FY2024 to Rs 372.73 lakh in FY2025, before rising sharply to Rs 2,425.41 lakh in FY2026. As of March 31, 2026, the subsidiary reported total assets of Rs 12,857.28 lakh.
Shakti Pumps stated that since Shakti EV Mobility is its wholly owned subsidiary, the transaction does not fall under related party transactions in this context. Therefore, requirements relating to arm’s-length pricing are not applicable.
The investment is aimed at supporting the ongoing operations and future expansion of Shakti EV Mobility as Shakti Pumps strengthens its presence in the growing electric mobility sector. The disclosure was signed by Ravi Patidar, Company Secretary of Shakti Pumps, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
