We are submitting herewith Transcript of Earnings Call held on Monday, July 27, 2026.

Date:- 01/08/2026 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, July 27, 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, July 27, 2026, with regards to the Un-audited financial results of the Company for the quarter ended June 30, 2026. The same is also available on the company’s website. Kindly take the aforementioned information on records. Thanking You, For Shakti Pumps (India) Limited Y ours Faithfully, Ravi Patidar Company Secretary “Shakti Pumps (India) Limited Q1 FY27 Earnings Conference Call” July 27, 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 17 Shakti Pumps (India) Limited July 27, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 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 "*" then "0" on your touchtone phone. 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 our 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. Ramesh Patidar, our Managing Director. I will now hand over the call to Mr. Ramesh Patidar. Over to you, sir. Ramesh Patidar: Thanks, Rohit. Good afternoon, everyone, and thank you for joining us on Shakti Pumps' Q1 FY27 Earnings Call. We are pleased to share that the company has commenced FY27 on a strong note, delivering yet another record quarterly revenue and further building on the momentum witnessed in the previous quarter. Revenue for Q1 FY27 grew by 37.9% year-on-year to INR859 crores as compared to INR623 crores in Q1 FY26. This robust performance was driven by strong operational execution, continued traction in our core solar pump business, and sustained demand across key markets. The quarter's performance reflects the strength of our execution capabilities, our expanding market presence, and the continued relevance of our solution in supporting India's renewable energy and agricultural infrastructure priorities. During the quarter, we achieved strong momentum in solar pump installations, with volume increasing by 57.6% year-on-year to 27,678 pumps in Q1 FY27 compared to 17,557 pumps in Q1 FY26. This growth was driven by robust execution of existing orders, healthy demand under state-led programs, and our continued ability to scale deployment efficiently across key markets. Our EBITDA margin remained broadly stable on a sequential basis at 9.6%. This performance highlights the resilience of our business model, the strength of our execution capabilities, and management's continued focus on driving profitable growth. On a corresponding basis, the margins remained under pressure due to the inflated raw material costs driven by the ongoing Page 2 of 17 Shakti Pumps (India) Limited July 27, 2026 geopolitical situation as well as lower realization in some orders. As highlighted in the previous quarter as well, we view these margin pressures as temporary and largely external in nature, rather than reflective of any structural issue in the business. During Q1 FY27, the company reported a PAT of INR52 crores, representing an increase of 35% over Q4 FY26. Despite revenues remaining broadly comparable on a sequential basis, PAT margin improved to 6% in Q1 FY27 from 4.5% in Q4 FY26, reflecting disciplined cost management and profitability during the quarter. Our export business delivered a steady performance during the quarter despite the continued geopolitical uncertainties impacting global trade and demand conditions. This resilience reflects the strength of our trusted and leading market presence in key export markets. We continue to maintain a healthy and diversified order book of approximately INR1,000 crores as on 22nd July 2026. We are witnessing increasing visibility around the PM-KUSUM 2.0 scheme along with growing traction from other state-led programs, which give us confidence in sustaining our growth momentum. We believe these opportunities position us strongly to further consolidate our leadership in the solar pump business. While the solar pump business continues to remain our core growth engine, we are also parallelly building the next phase of Shakti Pumps' growth journey by diversifying into adjacent and complementary businesses. Our emerging cash and retail sales business is witnessing encouraging traction, supported by the continued expansion of our dealer network. In Q1 FY27, this business recorded sales of INR24 crores, registering strong growth. Our solar rooftop business is also progressing well, and Mr. Ramakrishna Sataluri ji will provide a more detailed update on this business shortly. In the EV business, we are currently in trial order phase with new customers. While this phase is inherently time-taking given the validation and onboarding requirements, we remain optimistic about the long-term potential of this business and expect it to gain meaningful momentum over the coming periods. We continue to invest ahead of the demand curve to ensure that we are well-positioned to capture the next phase of growth. This includes the ongoing capacity expansion across pumps, motors, VFDs, and solar structures, enabling us to strengthen our integrated manufacturing capabilities and support higher execution volumes expected in the future. Additionally, our 0.5 GW DCR module facility and 2.2 GW integrated DCR cell and module project remain on track, further reinforcing our backward integration strategy. To conclude, we remain committed to pursuing a strategic and disciplined approach to long- term growth while continuing to protect the strength of our balance sheet. Our expanding portfolio across the renewable energy sector, our ongoing investment to build future-ready capacities, and increasing policy support from the government position us at a unique inflection point to deliver sustainable performance in the future. I now request Mr. Ramakrishna Sataluri ji to share key developments and the outlook of our solar rooftop business. Thank you. Page 3 of 17 Shakti Pumps (India) Limited July 27, 2026 Ramakrishna Sataluri: Thank you. Thank you very much, Mr. Ramesh Patidar. The rooftop business in this quarter showed a healthy growth. We clocked INR8 crores revenue as compared to INR2 [Showing first 8,000 characters — download PDF for full document]