Analysts/Institutional Investor Meet/Con. Call Updates

Date:‐ 31/10/2026 To, To, The Secretary, The Secretary, Listing Department Corporate Relationship Department The 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: Transcript of Earnings Call held on Monday, October 26, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Call held on Monday, October 26, 2026, with regards to the Un-audited financial results of the Company for the quarter and half year ended September 30, 2026. The same is also available on the company’s website. Kindly take the aforementioned information on records. Thanking You, Yours Faithfully, For Shakti Pumps (India) Limited Ravi Patidar Company Secretary “Shakti Pumps (India) Limited Q2 and H1 FY27 Earnings Conference Call” October 26, 2026 MANAGEMENT: MR. DINESH PATIDAR – CHAIRMAN MR. RAMESH PATIDAR – MANAGING DIRECTOR MR. RAMAKRISHNA SATALURI – CHIEF EXECUTIVE OFFICER, SHAKTI ENERGY SOLUTIONS LIMITED MR. DINESH PATEL – CHIEF FINANCIAL OFFICER MR. RAVI PATIDAR – COMPANY SECRETARY AND COMPLIANCE OFFICER MODERATOR: MR. ROHIT ANAND – ERNST & YOUNG LLP Page 1 of 11 Shakti Pumps (India) Limited October 26, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q2 and H1 FY27 Earnings Conference Call, hosted by Shakti Pumps (India) Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rohit Anand from Ernst & Young LLP. Thank you, and over to you, sir. Rohit Anand: Good afternoon, everyone. Before we proceed, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with the business risks that could cause future results, performance, or achievements to differ significantly from what is expressed or implied by such forward-looking statements. To take us forward through the financial results and developments and to answer your questions today, we have the senior management of Shakti Pumps (India) Limited, represented by Mr. Dinesh Patidar, Chairman; Mr. Ramesh Patidar, Managing Director; Mr. Ramakrishna Sataluri, CEO, Shakti Energy Solutions Limited; Mr. Dinesh Patel, Chief Financial Officer; and Mr. Ravi Patidar, CS and Compliance Officer. We will start the call with a brief overview of the past quarter by Mr. Dinesh Patidar, the Chairman. I would now hand over the call to Mr. Dinesh Patidar sir. Over to you, sir. Dinesh Patidar: Thank you, Rohit. Greetings, friends. A warm welcome to all investors, analysts, and all our stakeholders to Shakti Pumps' Q2 and H1 FY27 Earnings call. Despite certain challenges and circumstances during this quarter, our team has delivered a very strong performance, particularly in terms of solar pump installation, the export business, rooftop, and solar domestic and industrial businesses, where we have achieved significant progress. First of all, I would like to commend our solar pump installation team. In this quarter, we installed 23,865 solar pumps, which is a major feat for our company. Compared to the same quarter of previous year, we have achieved approximately 7% growth in the number of installations. Beyond expanding our installation capacity, this achievement demonstrates our ability to execute at scale on the ground. Our team demonstrated exceptional operational efficiency and outstanding performance, despite the high installation volumes and operational challenges across key regions during the quarter. Going forward, our focus will remain on expanding pump installation capacity to accelerate the execution of new orders and capture opportunities under government schemes. We continue to remain optimistic about the PM-KUSUM 2.0 scheme and expect approval in the ongoing quarter, with positive execution results anticipated in the following quarter. Page 2 of 11 Shakti Pumps (India) Limited October 26, 2026 Despite challenging international conditions and logistics constraints in certain markets, we honoured our commitments to dealers and customers, using air freight wherever necessary. Our objective is not merely to grow the business, but to build strong, long-lasting relationships with our international customers. In addition, we recorded approximately 70% growth across rooftop, solar domestic and industrial business, reflecting positive momentum in business diversification and supporting our future growth prospects. While we acknowledge the current challenges, I remain fully confident in the team’s operational capabilities, manufacturing capabilities, and ability to execute on schedule. Going forward, our focus will be on three key areas; further expanding pump installation capacity, continually improving operational efficiency, and achieving sustainable, profitable growth across all the company's businesses. I am fully confident that together we will turn this challenge into an opportunity and take Shakti Pumps to new heights in the times ahead. I thank our team, customers, dealers, investors, and all stakeholders for their continued trust and support. And now, if you have any questions, I open the floor. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Varun Agrawal, an Individual Investor. Please go ahead. Varun Agrawal: Hello, sir. Thank you for taking my question. Just a few questions. Sir, I wanted the numbers for the solar pump sets that we sold in the cash market in Q2, and also for the first half of the year? Dinesh Patidar: It would not be appropriate to share the exact numbers, but the 70% growth we achieved in the domestic business was in this very segment. Dinesh Patel: It includes solar pumps, electrical pumps, all of them. Varun Agrawal: Okay, sir. Then what was our production for pumps and motors in the first half of the year, sir? Dinesh Patel: We are utilizing approximately 68% capacity. Varun Agrawal: 68%, okay. Sir, and for rooftop, can we get some guidance on the top line for FY27 and '28? Dinesh Patidar: For rooftop, I will ask Rama sir. Rama sir, please answer this question. Ramakrishna Sataluri: Yes, sir. Rooftop business has been quite good. So, as we informed you last time, our inverters have received quite a good response in the market. So, in this quarter, compared to the same quarter last year, we had a good 58% growth in the revenue. So, early days, but very, very positive messages from the market. Page 3 of 11 Shakti Pumps (India) Limited October 26, 2026 And our partners, large distributors also are now coming to us. So, we've set them up. And now once the modules also start rolling out, then we will have a complete solution, and then I think the future is very good. Varun Agrawal: Okay. And sir, last question. There was a guideline issued by the government, draft guidelines for pump controllers came out on August 12th for the new PM-KUSUM. Sir, for the pump controller guidelines that came out for stakeholder consultations, do we have that type of controller ready for the market? Dinesh Patidar: Yes, we are fully ready and have had the necessary preparations in place for some time. Shakti Pumps has advanced in-house power electronics capabilities, supported by several patents, and manufactures both controllers and VFDs internally. Varun Agrawal: Okay, sir. That's all from my side. Thank you. Dinesh Patidar: Thank you. Moderator: Thank you. The next question is [Showing first 8,000 characters — download PDF for full document]