Shakti Pumps (India) has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for 25,000 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps collectively worth Rs. 754.30 crore (inclusive of GST) for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Scheme. Under this Letter of Empanelment from MSEDCL, the company will receive a series of orders from MSEDCL over the next 1 year that will cumulatively amount to 25,000 pumps with a total value of Rs. 754.30 crore (inclusive of GST). The stipulated timeline of 60 days for the execution of these orders will commence from the date each work order is issued. Shakti Pumps (India) Chairman, Dinesh Patidar, also expressed his delight on receiving the Letter of Empanelment: 'We are delighted to have received the Letter of Empanelment for 25,000 pumps from MSEDCL, a development which would significantly bolster our robust order book position. This is second major Letter of Empanelment we have received from the Government of Maharashtra during the past year, following the initial Letter of Empanelment for 50,000 pumps. This achievement reinforces our position as a prominent player under the Solar Pumping System in Maharashtra. We remain committed to securing additional orders and ensuring their prompt execution.' Powered by Capital Market - Live

The order includes 25,000 stand-alone off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Scheme. The total value of the order is around Rs 754.30 crore (inclusive of GST) which is to be executed within 60 days from the issuance of NTP/work order. Shakti Pumps (India) is a manufacturer of stainless-steel pumps & energy efficient motors. The company holds dominating position in domestic solar pumps industry with more than 35% market share in KUSUM scheme. The company's consolidated net profit surged to Rs 101.42 crore in Q2 FY25 as compared with Rs 5.84 crore in Q2 FY24. Revenue from operations spurted 315% YoY to Rs 634.59 crore during the quarter.Powered by Capital Market - Live

Shakti Pumps (India) has allotted at its meeting held on 26 November 2024, has confirmed the allotment of 10,01,75,500 equity shares of Rs. 10 each as fully paid-up bonus equity shares, in the proportion of 5:1, i.e., 5 (Five) new fully paid-up equity share of Rs. 10 each for every 1 (One) existing fully paid-up equity share of Rs. 10 each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, as on 25 November 2024, the 'Record Date' fixed for this purpose. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs. 120,21,06,000 divided into 12,02,10,600 equity shares of Rs. 10/- each.Powered by Capital Market - Live

The total value of the aforementioned contract is Rs 116.36 crore. The scope of the project involves supply, installation and commissioning of solar water pumping systems. The project has to be executed within a period of 120 days period from the date of issue of work order. Shakti Pumps (India) is a manufacturer of stainless-steel pumps & energy efficient motors. The company holds dominating position in domestic solar pumps industry with more than 35% market share in KUSUM scheme. The company reported consolidated net profit of Rs 92.66 crore in Q1 FY25 which is steeply higher than Rs 1 crore posted in Q1 FY24. Revenue from operation zoomed 402% YoY to Rs 567.56 crore recorded in Q1 FY25. Powered by Capital Market - Live

Shakti Pumps (India) has received the work order under Component']B of PM']KUSUM scheme from Haryana Renewable Energy Department (HAREDA) for 3,174 pumps. The order is valued at Rs 116.36 crore. Powered by Capital Market - Live

Net profit of Shakti Pumps (India) rose 1636.64% to Rs 101.42 crore in the quarter ended September 2024 as against Rs 5.84 crore during the previous quarter ended September 2023. Sales rose 315.36% to Rs 634.59 crore in the quarter ended September 2024 as against Rs 152.78 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales634.59152.78 315 OPM %23.449.95 - PBDT143.3712.14 1081 PBT138.457.35 1784 NP101.425.84 1637 Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

The Board of Shakti Pumps (India) at its meeting held on 07 October 2024 has approved the appointment of Ramakrishna Sataluri (DIN: 08903553) as an Additional cum Non-Executive & Non-Independent Director of the Company. Powered by Capital Market - Live

The Board of Shakti Pumps (India) at its meeting held on 07 October 2024 has approved bonus issue in ratio of 5:1. The Board has approved the increase in authorised share capital from Rs 40 crore to Rs 190 crore. Powered by Capital Market - Live

Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 7 October 2024.Powered by Capital Market - Live