Shakti Pumps Share Price in Focus; Invests ₹5 Crore in Shakti EV Mobility

On July 17, 2026, Shakti Pumps (India) Limited announced an investment of ₹5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited as per the exchange filings.  

This investment involves subscribing to 50,00,000 equity shares, each valued at ₹10, bringing the total consolidated investment to ₹70 crore. 

Investment Details in Shakti EV Mobility 

Shakti EV Mobility Private Limited, incorporated on December 16, 2021, is a wholly owned subsidiary of Shakti Pumps. As of March 31, 2026, the subsidiary has a total asset size of ₹12,857.28 lakh. The investment does not fall under related party transactions, as it is a wholly owned subsidiary. 

The company operates in the electric vehicle sector, focusing on manufacturing motors and chargers for various types of electric vehicles. The acquisition aims to expand the business of Shakti EV Mobility. 

Financial Aspects and Shareholding 

The investment of ₹5 crore was made through cash consideration by subscribing to equity shares of Shakti EV Mobility. The shares will be issued over time as per the agreement. No governmental or regulatory approvals were required for this acquisition. 

Shakti EV Mobility's turnover for the financial year 2026 was ₹2,425.41 lakh, a significant increase from ₹372.73 lakh in 2025 and ₹430.09 lakh in 2024, indicating growth in its operations. 

Business and Operational Background 

Shakti EV Mobility is engaged in manufacturing electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, and special-purpose vehicles, as well as chargers for electric vehicles. The company operates within India and has shown a steady increase in turnover over the past three years. 

Read More: NHPC Share Price in Focus; Resumes Commercial Operation of Last Unit of Teesta-V Power Station! 

Shakti Pumps Share Price Performance 

As of July 17, 2026, at 3:06 PM, Shakti Pumps share price on NSE was trading at ₹549.55, down by 0.13% from the previous closing price. 

Conclusion 

Shakti Pumps' investment of ₹5 crore in Shakti EV Mobility increases its total consolidated investment to ₹70 crore. The subsidiary's asset size is ₹12,857.28 lakh, with a turnover of ₹2,425.41 lakh for FY 2026, reflecting its growth trajectory. 

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