Acquisition

Date: - 12/10/2026 To, To, The Secretary, The Secretary, Listing Department Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street Mumbai-MH 400051. Mumbai- MH 400001. REF :-( ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP Subject:-Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. Dear Sir/Madam, With reference to the captioned subject we hereby inform that the Company has invested Rs. 5,00,00,000/- (Rupees Five Crores Only) in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited by subscribing to 50,00,000 (Fifty Lacs) Equity Shares of face value of Rs. 10/- (Rupees Ten each). The consolidated investment is Rs. 80,00,00,000/- (Rupees Eighty Crores Only) after subscribing aforesaid equity shares. For the same disclosure under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Master Circular No HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 is attached as ANNEXURE- I to this letter. You are requested to take note of the same. Thanking you, Yours faithfully, For Shakti Pumps (India) Limited Ravi Patidar Company Secretary ANNEXURE- I S. No. Particulars Description 1. Name of the target entity, details in brief Shakti EV Mobility Private Limited is a Wholly such as size, turnover etc Owned Subsidiary of the Company incorporated on 16th December, 2021 having Total Asset Size of Rs. 12,857.28 Lacs Rupees as on 31st March, 2026. 2. Whether the acquisition would fall within Shakti EV Mobility Private Limited is promoted related party transaction(s) and whether by Shakti Pumps (India) Limited and being a the promoter/ promoter group/ group Wholly Owned Subsidiary and the said companies have any interest in the entity acquisition does not falls under the Related being acquired? If yes, nature of interest Party Transaction. Therefore, Arm’s length basis and details thereof and whether the same is not applicable. is done at “arm’s length”; 3. Industry to which the entity being It is engage in the business of Manufacturing of acquired belongs various types of Electric vehicles motors and chargers controllers. 4. Objects and impact of acquisition To initiate and expand the business of the (including but not limited to, disclosure of Wholly Owned Subsidiary. reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) 5. Brief details of any governmental or No Government or regulatory approvals are regulatory approvals required for the required acquisition 6. Indicative time period for completion of Same Day the acquisition 7. Consideration - whether cash The Investment shall be made in consideration consideration or share swap or any other of Cash by subscribing to Equity Shares of the form and details of the same Target Entity. 8. Cost of acquisition and/or the price at Rs. 5.00 Crores. which the shares are acquired 9. Percentage of shareholding / control Since, the company is making an Investment into acquired and / or number of shares its Wholly Owned Subsidiary therefore the acquired equity shares will be issued time to time as per the agreement. 10. Brief background about the entity Manufacturing of Electric vehicle motors for Two acquired in terms of products/line of Wheeler/ Three Wheeler/Four Wheeler/Special business acquired, date of incorporation, purpose Electric Vehicle motor & for other history of last 3 years turnover, country in purpose and Manufacturing of chargers for which the acquired entity has presence electric vehicle. The company was incorporated and any other significant information (in on 16th December, 2021 and has presence in brief); India. The turnover of the Company for the previous 3 years is shown in below table:- (Rs. In Lacs) FY 2026 2,425.41 FY 2025 372.73 FY 2024 430.09