Shakti Pumps (India) Limited has infused ₹10 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment was made by subscribing to 1 crore equity shares of ₹10 each, according to a disclosure dated 21 April 2026.
With this, the company’s total investment in the subsidiary has reached ₹65 crore. The transaction was completed on the same day and involved a cash consideration.
The investment was made through equity share subscription and did not involve any share swap or alternate structure. Since the entity is wholly owned, the transaction does not fall under related party transaction provisions.
The company stated that no government or regulatory approvals were required for the investment. It also noted that shares in the subsidiary may be issued periodically as per existing arrangements.
The company said the investment is for supporting the subsidiary’s business activities and enabling expansion. The subsidiary’s focus remains on manufacturing components used in electric mobility.
Shakti EV Mobility Private Limited was incorporated on 16 December 2021 and operates in the electric vehicle components space.
Its activities include manufacturing motors for 2-wheelers, 3-wheelers, 4-wheelers, and other specialised electric vehicles, along with charger controllers.
As per the filing, the subsidiary reported total assets of ₹10,121.83 lakh as of 31 March 2025. Its turnover stood at ₹372.73 lakh in FY25, compared with ₹430.09 lakh in FY24, indicating a decline during the period.
As of April 22, 2026, 10:09 am, Shakti Pumps (India) Limited share price was trading at ₹564.00, up 0.62% from the previous closing price.
The investment adds to the subsidiary’s capital base as it continues operations in EV components manufacturing. The company’s total exposure now stands at ₹65 crore.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 22, 2026, 10:48 AM IST
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