We are submitting herewith earnings and operational update for the quarter and half year ended September 30, 2026.

Date: - 23/10/2026 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 Sub.:- Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding earnings and operational update. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the earnings and operational update for the quarter and half year ended September 30, 2026 which is also being uploaded on the website of the Company. Kindly take note of the above. Thanking You, Yours Faithfully, For Shakti Pumps (India) Limited Ravi Patidar Company Secretary Encl.: As above Shakti Pumps (India) Limited Earnings & Operational Update – Q2 & H1 FY27 23rd October 2026 | NSE: SHAKTIPUMP | BSE: 531431 © 2026, All Rights Reserved - www.shaktipumps.com EARNINGS & OPERATIONAL UPDATE | Q2 & H1 FY27 SHAKTI PUMPS (INDIA) LIMITED Reports 24.5% YoY Revenue Growth in H1FY27 on Strong Execution; Commences Trial Production for Maiden 0.5 GW Solar Module Capacity Indore, Madhya Pradesh, 23rd October 2026: Shakti Pumps (India) Limited (SPIL), a leading manufacturer of energy efficient pumps and solar pumping solutions, has announced the financial results for the half year and quarter ended 30th September 2026. 51,543 23,865 ₹ 16,047 Mn ₹ 7,460 Mn H1 FY27 Solar Pumps Q2 FY27 Solar Pumps H1 FY27 Revenue Q2 FY27 Revenue Installed Installed +24.5% YoY +12.0% YoY +29.3% YoY +7.0% YoY Shakti Pumps (India) Limited Chairman, Mr. Dinesh Patidar, commented on the company’s performance: “We are pleased to report a healthy H1 FY27 performance, with revenue from operations growing 24.5% year-on-year to ₹ 16,047 Mn, driven by strong execution on the ground. Solar pump installations rose 29.3% year-on-year to 51,543 units during H1 FY27, reflecting our continued role in expanding access to clean, reliable irrigation for farmers across the country. Margins during the period moderated due to lower realisations, higher raw material costs and elevated logistics expenses linked to prevailing geopolitical conditions. However, we are addressing these pressures through cost optimisation, operating efficiencies and disciplined execution. Despite this, we delivered a PAT of ₹ 901 Mn and cash profit of ₹ 1,058 Mn in H1 FY27, underscoring the resilience of our business. Our order book stood at ₹ 7,510 Mn as of 23rd October 2026. We see significant opportunities under PM-KUSUM 2.0, which is expected to be announced during the ongoing quarter, along with continuous order inflow from Magel Tyala and other state programmes. Beyond India, Mr. Dinesh Patidar we see a strong growth opportunity in our exports business, as demand for energy-efficient Chairman and solar pumping solutions continues to rise across international markets, where we hold a strong presence. At the same time, we are investing around ₹ 17,000 Mn to strengthen our manufacturing base and backward integration. I am happy to share that 0.5 GW of our planned 2.2 GW solar module capacity has commenced trial production in October 2026, with the 2.2 GW DCR solar cell facility to be commissioned by FY28. Along with our diversification in solar rooftop and EV motors, controllers & chargers, these investments position Shakti as an integrated renewable energy solutions company. Our priorities remain clear: execute our order book efficiently, improve margins, strengthen cash conversion and bring our new capacities online on schedule.” Shakti Pumps (India) Limited | www.shaktipumps.com Page 1 EARNINGS & OPERATIONAL UPDATE | Q2 & H1 FY27 Key Financial Highlights of the Half Year and Quarter (Consolidated) Particulars (₹ Mn) Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Revenue from Operations 7,460 6,664 16,047 12,889 EBITDA 640 1,360 1,469 2,795 EBITDA Margin 8.6% 20.4% 9.2% 21.7% Profit Before Tax 495 1,215 1,206 2,512 Profit After Tax 385 907 901 1,875 PAT Margin 5.2% 13.6% 5.6% 14.6% Financial Highlights ● Consolidated Revenue from Operations for H1 FY27 grew 24.5% YoY to ₹ 16,047 Mn; Q2 FY27 Revenue from Operations stood at ₹ 7,460 Mn, up 12.0% YoY ● EBITDA for H1 FY27 stood at ₹ 1,469 Mn, with an EBITDA margin of 9.2%, while Q2 FY27 EBITDA was ₹ 640 Mn, translating into a margin of 8.6%. Profitability during the quarter was impacted by softer realisations, higher raw material costs and elevated logistics expenses amid prevailing geopolitical uncertainties. Despite these near-term headwinds, margins have sustained on a sequential basis. The Company continues to focus on cost optimisation, operating efficiencies and disciplined execution to mitigate these pressures and support margin improvement. ● PAT stood at ₹ 901 Mn in H1 FY27 and ₹ 385 Mn in Q2 FY27 Solar Pumps Business (PM KUSUM & Non – KUSUM) Solar Pumps Installed 51,543 39,861 22,304 23,865 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 ● Solar Pump installations grew significantly by 29.3% YoY in H1 FY27 to 51,543 pumps, as compared to 39,861 pumps in H1 FY26; in Q2 FY27, installations grew 7.0% YoY to 23,865 pumps, as compared to 22,304 pumps in Q2 FY26 ● Solar Pumps business recorded revenue of Rs. 12,286 Mn in H1 FY27, up 25.4% YoY from Rs. 9,795 Mn in H1 FY26, and Rs. 5,435 Mn in Q2 FY27, up 3.2% YoY from Rs. 5,267 Mn in Q2 FY26 Shakti Pumps (India) Limited | www.shaktipumps.com Page 2 EARNINGS & OPERATIONAL UPDATE | Q2 & H1 FY27 Exports Business ● Revenue from Exports business stood at ₹ 1,777 Mn in H1 FY27, as compared to ₹ 2,018 Mn in H1 FY26. The YoY comparison reflects ~₹200 Mn of revenue from the Uganda project recognized in H1 FY26, which is now nearing completion. Excluding this impact, the exports business continues to demonstrate strong momentum despite ongoing geopolitical headwinds. ● Dealer and Distributor Network Revenue witnessed positive momentum during H1 FY27 and reported Revenue of ₹ 1,710 Mn. Emerging Businesses ● In the Retail / Cash Sales business, the Company generated revenue of around ₹ 410 Mn in H1 FY27 and ₹ 170 Mn in Q2 FY27 ● Solar Rooftop business reported a revenue of ₹ 170 Mn in H1 FY27 and ₹ 90 Mn in Q2 FY27 ● 0.5 GW of the planned 2.2 GW Solar Module capacity commenced trial production in October 2026, with the 2.2 GW DCR solar cell facility to get commissioned by FY28 Order Book Position Order Book as on 23rd October 2026 (Inclusive of GST) Order Value (₹ Mn) Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) Maharashtra State Electricity Distribution Company Limited (MSEDCL) & Maharashtra Energy Department Agency (MEDA) Madhya Pradesh Urja Vikas Nigam Limited, Madhya Pradesh 950 Karnataka Renewable Energy Development Limited, Karnataka 2,020 Magel Tyala Saur Urja Yojana, Maharashtra 3,440 Other Domestic & Export business 1,020 Total Outstanding Order Book 7,510 Receivables Position (as of 23rd October 2026) ● Out of the current Receivables, around ₹ 8,704 Mn i.e., 50% of the company’s total receivables are yet to become due, while around 22% of receivables are less than 180 days Receivables Position In Value (₹ Mn) In % Not Due 8,704 50% 0 - 180 Days 3,829 22% 180 - 365 Days (includes retention amount of 10%) 2,975 17% More than 365 Days (includes retention amount of 10%) 1,993 11% Total Receivables 17,501 100% Shakti Pumps (India) Limited | www.shaktipumps.com Page 3 EARNINGS & OPERATIONAL UPDATE | Q2 & H1 FY27 Other Highlights ● From the beginning of the quarter till October 2026, the company invested Rs. 420 Mn over multiple tranches in its wholly owned subsidiary Shakti Energy Solutions Limited for establishing a greenfield high efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.2 GW each ● During the quarter, Shakti Pumps fur [Showing first 8,000 characters — download PDF for full document]