Shakti Pumps (India) puts ₹12 crore more into EV motor subsidiary

Mergers & acquisitions
Electronics - Industrial

Blacklitt Research22 October 20262 min read

Shakti Pumps (India) (NSE: SHAKTIPUMP) has invested ₹12 crore in its wholly owned subsidiary Shakti EV Mobility Private Limited by subscribing to equity shares, it said in a filing on 22 Oct 2026. After this subscription, the total investment in the subsidiary is ₹92 crore.

Key highlights

Investment in subsidiary: ₹12 crore, paid in cash
Total investment after subscription: ₹92 crore
Equity shares subscribed: 1,20,00,000 at ₹10 face value each
Completion: same day, no government approvals required per the company

The investment in numbers

Item	Detail
Investor	Shakti Pumps (India) Limited
Subsidiary	Shakti EV Mobility Private Limited, incorporated 16 Dec 2021
Amount invested	₹12 crore
Shares subscribed	1,20,00,000 equity shares of face value ₹10 each
Total investment after subscription	₹92 crore
Consideration	Cash
Completion	Same day
Related party transaction	No, according to the company
Subsidiary total asset size	₹128.57 crore as on 31 Mar 2026

Investment size and share subscription

Shakti Pumps (India) invested ₹12 crore by subscribing to 1,20,00,000 equity shares of face value ₹10 each in Shakti EV Mobility Private Limited, its wholly owned subsidiary. The filing puts the consolidated investment in the subsidiary at ₹92 crore after this subscription.

The filing says the investment is made in cash and is to be completed on the same day. The company gives the cost of acquisition as ₹12.00 crore, the same figure as the amount invested.

What the subsidiary does and its recent scale

Shakti EV Mobility was incorporated on 16 Dec 2021 and is promoted by Shakti Pumps (India) Limited. The filing says it manufactures electric vehicle motors, chargers and controllers.

The filing gives its total asset size as ₹128.57 crore as on 31 Mar 2026. Turnover was ₹24.25 crore in FY 2026, ₹3.73 crore in FY 2025 and ₹4.30 crore in FY 2024.

Stated objective, approvals and related-party status

The company says the objective of the investment is to initiate and expand the business of the wholly owned subsidiary. It states that no government or regulatory approvals are required.

The company states that the subsidiary is not a related party transaction, so the arm's length basis does not apply.

What the investment means for Shakti Pumps (India)'s shareholders

The company moves ₹12 crore of cash into a wholly owned subsidiary, bringing its total investment in that subsidiary to ₹92 crore. The filing says the purpose is to initiate and expand the subsidiary's business.

The filing does not say how the subsidiary will use the funds, what its profit or loss has been, or what effect the investment will have on the parent's own results. The only dated step in the filing is completion on the same day.

Reference: Original filing (PDF)

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