Shakti Pumps (India) logo

Shakti Pumps (India) MD, chairman, board of directors and AGM

NSE: SHAKTIPUMPBSE: 531431Industrial ProductsSmall Cap

Last close ₹386.60down ₹14.05 (3.51%)BSE ₹386.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹400.65.

52-week range of traded prices to 23 Oct 2026
₹378.70Low, 23 Oct 2026₹829.95High, 23 Oct 2025
Market cap
₹4,771 Cr676th largest listed
P/E
22.5
P/B
2.8
Dividend yield
0.26%
ROE
14.8%
ROCE
15.1%
Debt to equity
0.29
Volume, NSE
5,66,04142.3% delivered

Shakti Pumps (India) board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDINESH PATIDAR
  • Managing directorRAMESH PATIDAR
  • Company Secretary and Compliance OfficerRavi Patidar

10 directors5 independent4 executive1 non-executive

  • DINESH PATIDAR · ChairpersonExecutive · joined Jan 2006 · reappointed May 2026 · 1 listed board
  • SUNIL PATIDARExecutive · joined Apr 1995 · reappointed Jan 2026 · 1 listed board
  • RAMESH PATIDAR · Managing directorExecutive · joined Oct 2006 · reappointed May 2026 · 1 listed board · 1 committee seat
  • ASHWIN BHOOTDAExecutive · joined Jul 2024 · reappointed Jul 2024 · 1 listed board · 1 committee seat
  • RAMAKRISHNA SATALURINon-executive · joined Oct 2024 · reappointed Oct 2024 · 1 listed board
  • KEYUR BIPINCHANDRA THAKERIndependent · joined Jun 2019 · reappointed Jun 2024 · 84 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • HIRABHAI SOMABHAI PATELIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent
  • BHIM SINGHIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent
  • VENKATA SAMRAJYA SRI PAVAN KUMAR HARIIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • BELA BHARATENDU JANIIndependent · joined Feb 2026 · reappointed Feb 2026 · 4 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • VANDANA BHAGAVATULA, left 6 Dec 2025: Others
  • NISHTHA NEEMA, left 26 Mar 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 May 202610 of 10 present5 independent · 2 days in between
    • 4 May 20264 of 10 present1 independent · 79 days in between
    • 13 Feb 20269 of 9 present4 independent

  • Audit Committee

    Chair KEYUR BIPINCHANDRA THAKER

    RAMESH PATIDAR, VENKATA SAMRAJYA SRI PAVAN KUMAR HARI

    • 7 May 20263 of 3 present2 independent · 82 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair KEYUR BIPINCHANDRA THAKER

    RAMAKRISHNA SATALURI, VENKATA SAMRAJYA SRI PAVAN KUMAR HARI

    • 7 May 20263 of 3 present2 independent · 82 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KEYUR BIPINCHANDRA THAKER

    VENKATA SAMRAJYA SRI PAVAN KUMAR HARI, ASHWIN BHOOTDA

    No meeting listed in the filing.

  • Risk Management Committee

    Chair RAMESH PATIDAR

    ASHWIN BHOOTDA, VENKATA SAMRAJYA SRI PAVAN KUMAR HARI

    • 7 May 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair ASHWIN BHOOTDA

    KEYUR BIPINCHANDRA THAKER, BHIM SINGH

    • 7 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shakti Pumps (India) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shakti Pumps (India) dividend history

Annual general meeting, 5 Aug 2026

2,65,065 shareholders on the register on 29 Jul 2026; present: 10 promoters and 51 others; votes counted by MANISH MAHESHWARI / M.MAHESHWARI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:-a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon and b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.71% · other public 0.99%

  2. To declare a Final Dividend of Rs. 1/- (i.e. 10%) per equity share of face value of Rs.10/- each for the financial year ended March, 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

  3. To appoint a Director in place of Mr. Ramakrishna Sataluri (DIN: 08903553), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    97.51% for2.50% against

    Against: promoters 0.00% · institutions 20.82% · other public 0.28%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

  4. To approve the re-appointment of Mr. Dinesh Patidar (DIN: 00549552) as Chairman cum Whole Time Director for three years.
    SpecialPromoters have an interest in it
    89.53% for10.47% against

    Against: promoters 0.00% · institutions 87.48% · other public 0.27%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

  5. To approve the re-appointment of Mr. Ramesh Patidar (DIN: 00931437) as Managing Director for three years.
    Special
    97.64% for2.36% against

    Against: promoters 0.00% · institutions 19.67% · other public 0.22%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

  6. To Revise the remuneration payable to Mr. Sunil Patidar (DIN: 02561763), Whole time Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

  7. To Ratify the remuneration payable to Cost Auditors for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 57.68% · promoters 100.00% · institutions 93.78% · other public 0.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2026, 1 resolution

2,44,315 shareholders on the register on 13 Feb 2026; votes counted by Manish Maheshwari / M.Maheshwari & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Bela Bharatendu Jani (DIN: 11539694) as Non‐Executive Woman Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 61.39% · promoters 100.00% · institutions 95.33% · other public 1.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 10 resolutions

2,45,641 shareholders on the register on 18 Sep 2025; present: 10 promoters and 39 others; votes counted by Manish Maheshwari / M.Maheshwari & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 62.56% · promoters 100.00% · institutions 96.26% · other public 1.14%

  2. To declare a Dividend of Rs. 1/- (i.e. 10%) per equity share of Rs.10/- each for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.14%

  3. To appoint a Director in place of Mr. Ashwin Bhootda (DIN:10236282), who retires by rotation, and being eligible,offered himself for re-appointment.
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.95% · other public 1.97%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.13%

  4. To appoint M/s M. Maheshwari & Associates, Practicing Company Secretaries as a Secretarial Auditor of the company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.13%

  5. To Re-appoint Mr. Sunil Patidar (DIN: 02561763) as a Whole Time Director of the company for a period of Five Years.
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.56% · other public 0.30%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.13%

  6. Ratification and confirm the payment of Remuneration of Cost Auditors for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.13%

  7. Consider payment of Remuneration to Mr. Ramakrishna Sataluri (DIN: 08903553), Non-executive and Non-Independent Director of the Company for the Financial Year 2025-26.
    Special
    94.11% for5.89% against

    Against: promoters 0.00% · institutions 31.11% · other public 0.82%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.13%

  8. Approval for power to borrow funds pursuant to the provisions of Section 180(1)(c) of the Companies Act, 2013,not exceeding the limit of 3,000 Crores.
    Special
    98.19% for1.81% against

    Against: promoters 0.00% · institutions 9.53% · other public 0.29%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.14%

  9. Approval for power to create charge on the assets of the company to secure borrowings upto ` 3,000 Crores pursuant to Section 180(1)(a) of the Companies Act, 2013.
    Special
    99.36% for0.64% against

    Against: promoters 0.00% · institutions 3.40% · other public 0.30%

    Turnout: all 62.57% · promoters 100.00% · institutions 96.35% · other public 1.14%

  10. Revision in remuneration payable to Mr. Dinesh Patidar (DIN: 00549552), Chairman cum Whole time Director of the Company.
    SpecialPromoters have an interest in it
    94.18% for5.82% against

    Against: promoters 0.00% · institutions 30.76% · other public 0.74%

    Turnout: all 62.56% · promoters 100.00% · institutions 96.24% · other public 1.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Apr 2025, 3 resolutions

2,03,403 shareholders on the register on 14 Mar 2025; votes counted by Manish Maheshwari / M.Maheshwari & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Vandana Bhagavatula (DIN: 08352752) as Non-Executive Woman Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 58.94% · promoters 100.00% · institutions 74.90% · other public 1.10%

  2. Approval for power to borrow funds pursuant to the provisions of Section 180(1)(c) of the Companies Act, 2013, not exceeding the limit of Rs. 2000 Crores.
    Special
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 2.98% · other public 0.18%

    Turnout: all 58.94% · promoters 100.00% · institutions 74.99% · other public 1.10%

  3. Approval for power to create charge on the assets of the company to secure borrowings upto Rs. 2,000 Crores pursuant to Section 180(1)(a) of the Companies Act, 2013.
    Special
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 2.99% · other public 0.25%

    Turnout: all 58.94% · promoters 100.00% · institutions 74.90% · other public 1.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Feb 2025, 1 resolution

1,57,984 shareholders on the register on 3 Jan 2025; votes counted by Manish Maheshwari / M.Maheshwari & Associates.The company's voting result (opens in a new tab)

  1. To approve Raising of Funds in one or more tranches, by issuance of Equity Shares and/or other eligible securities
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 59.32% · promoters 100.00% · institutions 84.77% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Nov 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 61.09% · promoters 100.00% · institutions 90.41% · other public 1.16%

  2. Issue of Bonus Shares
    Ordinary
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 5.27% · other public 0.45%

    Turnout: all 61.09% · promoters 100.00% · institutions 90.41% · other public 1.16%

  3. Appointment of Mr. Ramakrishna Sataluri (DIN: 08903553) as Non-executive & Non-independent Director of the Company
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 1.12% · other public 0.33%

    Turnout: all 61.09% · promoters 100.00% · institutions 90.41% · other public 1.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 10 resolutions

Present: 10 promoters and 59 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2024 together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 61.27% · promoters 100.00% · institutions 89.90% · other public 1.58%

  2. To declare a Dividend of Rs. 4/- (i.e. 40%) per equity share of Rs. 10/- each for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 61.29% · promoters 100.00% · institutions 90.07% · other public 1.58%

  3. To appoint a Director in place of Mr. Dinesh Patidar (DIN: 00549552), who retires by rotation and being eligible, offered himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 1.10% · other public 0.07%

    Turnout: all 61.29% · promoters 100.00% · institutions 90.07% · other public 1.58%

  4. To appoint M/s Price Waterhouse Chartered Accountants LLP, (Firm Registration No: 012754N/N500016) as the Statutory Auditor of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.20% · other public 0.07%

    Turnout: all 61.29% · promoters 100.00% · institutions 90.07% · other public 1.58%

  5. Appointment of Mr. Ashwin Bhootda (DIN: 10236282) as a Whole time Director of the Company
    Special
    99.03% for0.97% against

    Against: promoters 0.00% · institutions 6.52% · other public 0.06%

    Turnout: all 61.29% · promoters 100.00% · institutions 90.07% · other public 1.58%

  6. Appointment of Mr. Hirabhai Somabhai Patel (DIN: 00541411) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 61.28% · promoters 100.00% · institutions 90.07% · other public 1.58%

  7. Appointment of Mr. Bhim Singh (DIN: 08189580) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 61.28% · promoters 100.00% · institutions 90.07% · other public 1.58%

  8. Appointment of Mr. Venkata Samrajya Sri Pavan Kumar Hari (DIN: 10665196) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 61.28% · promoters 100.00% · institutions 90.07% · other public 1.58%

  9. Ratification and confirm the payment of Remuneration of Cost Auditor for the Financial Year 2024-2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 61.28% · promoters 100.00% · institutions 90.07% · other public 1.57%

  10. Approval of Shakti Pumps (India) Limited Employees Stock Option Plan 2024 (“Shakti Pumps ESOP 2024”) for eligible employees of the Company
    Special
    96.11% for3.89% against

    Against: promoters 0.00% · institutions 26.15% · other public 0.44%

    Turnout: all 61.28% · promoters 100.00% · institutions 90.07% · other public 1.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Feb 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve Raising of Funds in one or more tranches, by issuance of EquitynShares and/or other eligible securities
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.51% · promoters 94.09% · institutions 5.58% · other public 6.01%

  2. To consider and approve Re-Appointment of Mr. Keyur Bipinchandra Thakern(DIN: 08474827) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 55.51% · promoters 94.09% · institutions 5.58% · other public 6.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 5 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt:-a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon and b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.MoreLess
    3 for0 against
  • To declare a Final Dividend of Rs. 1/- (i.e. 10%) per equity share of face value of Rs.10/- each for the financial year ended March, 31, 2026.
    3 for0 against
  • To appoint a Director in place of Mr. Ramakrishna Sataluri (DIN: 08903553), who retires by rotation, and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund, LIC Mutual Fund
    • Angel One Mutual FundGovernance concern: Skewed remuneration in favor of promoter Executive Director and proposed appointee is member of Nomination & Remuneration Committee.
    • LIC Mutual FundCompliant with law. No concern on Profile, Merit & Attendance of appointee. Governance concern: Skewed remuneration in favor of promoter ED and proposed appointee is member of NRC.
    1 for2 against
  • To approve the re-appointment of Mr. Dinesh Patidar (DIN: 00549552) as Chairman cum Whole Time Director for three years.
    Against Angel One Mutual Fund, LIC Mutual Fund
    • Angel One Mutual FundGovernance Concern: Mr. Dinesh Patidar holds the position of Chairman and Executive Director, clubbing the position may lead to concentration of power which is manifested in Company’s remuneration practice which are highly skewed towards him.
    • LIC Mutual FundCompliant with law. No concern on merit, attendance & eligibility of appointee. Governance Concern: Mr. Dinesh Patidar holds the position of Chairman and Executive Director, clubbing the position may lead to concentration of power which is manifested in Company s remuneration practice which are highly skewed towards him.
    1 for2 against
  • To approve the re-appointment of Mr. Ramesh Patidar (DIN: 00931437) as Managing Director for three years.
    3 for0 against
  • To Revise the remuneration payable to Mr. Sunil Patidar (DIN: 02561763), Whole time Director of the Company.
    3 for0 against
  • To Ratify the remuneration payable to Cost Auditors for the Financial Year 2026-27.
    3 for0 against

Mutual fund votes, meeting of 19 Mar 2026, 8 fund houses

  • Appointment of Mrs. Bela Bharatendu Jani (DIN: 11539694) as Non‐Executive Woman Independent Director of the Company
    8 for0 against
5 earlier meetings

Mutual fund votes, meeting of 25 Sep 2025, 10 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereon
    10 for0 against
  • To declare a Dividend of Rs. 1/- (i.e. 10%) per equity share of Rs.10/- each for the financial year ended March 31, 2025.
    10 for0 against
  • To appoint a Director in place of Mr. Ashwin Bhootda (DIN:10236282), who retires by rotation, and being eligible,offered himself for re-appointment.
    10 for0 against
  • To appoint M/s M. Maheshwari & Associates, Practicing Company Secretaries as a Secretarial Auditor of the company.
    10 for0 against
  • To Re-appoint Mr. Sunil Patidar (DIN: 02561763) as a Whole Time Director of the company for a period of Five Years.
    10 for0 against
  • Ratification and confirm the payment of Remuneration of Cost Auditors for the financial year 2025-26
    10 for0 against
  • Consider payment of Remuneration to Mr. Ramakrishna Sataluri (DIN: 08903553), Non-executive and Non-Independent Director of the Company for the Financial Year 2025-26.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundDisclosure & Transparency concern: Inadequate disclosures and no justification provided for differential payment of remuneration. Mr. Ramakrishna is member of Nomination and Remuneration Committee and remuneration practice is heavily loaded in favour of a promoter director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Disclosure & Transparency concern: Inadequate disclosures and no justification provided for differential payment of remuneration. Mr. Ramakrishna is member of NRC and remuneration practice is heavily loaded in favour of a promoter director
    • Bank of India Mutual FundRamakrishna Sataluri, 61, is the former Chief - Products & Marketing of Tata Power Solar Systems Limited. He has over thirty-seven years of experience in operations, retail and enterprise functions and has worked with the Tata Group for more than two decades. He has served on the board as a Non-Executive Non-Independent Director since 7 October 2024. He attended all four board meetings since his appointment to the board (100%). He received a remuneration of Rs. 0.4 mn in FY25, which was 14% of the aggregate commission paid to all Non-Executive Directors. The company seeks shareholder approval to pay him remuneration for FY26, which may be in excess of 50% of the aggregate remuneration paid to all non-executive directors. We raise concern at the lack clarity on the proposed remuneration. The company must provide the quantum of remuneration payable to Ramakrishna Sataluri along with a possible cap on the absolute quantum. Currently, Non-Executive Directors are eligible to receive 1% of standalone profits which translates to ~Rs. 52.9 mn and the proposed remuneration (more than 50% of the aggregated NED remuneration) would translate to a floor of Rs. 26.5 mn. We believe this is comparable to executive remuneration and expect the company to provide a granular rationale for such proposed payment. We do not support this resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for6 against
  • Approval for power to borrow funds pursuant to the provisions of Section 180(1)(c) of the Companies Act, 2013,not exceeding the limit of 3,000 Crores.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/ justification provided for the proposed increase when the existing limit is significantly unutilized.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/ justification provided for the proposed increase when the existing limit is significantly unutilized
    • Bank of India Mutual FundThe company is seeking shareholder approval to fix borrowing limits at Rs. 30.0 bn. On 31 March 2025, the aggregate borrowings of the company stood at Rs. 1.3 bn and the debt-EBIDTA was 0.2x with the debt-equity ratio at 0.1x (on standalone basis). The company’s credit rating is IND AA-/Stable/IND A1+, which denotes a high degree of safety regarding timely servicing of debt. The company has stated that there is a ~Rs. 12.0 bn capex program in the pipeline of which 33% will be funded through equity and the balance via debt and internal accruals. While the proposed borrowing limit is high, the management has clarified, through their concall transcript, that this is merely an enabling approval and reliance on debt to fund this capex will be low. Notwithstanding, the limit sought is significantly high when compared to the current debt profile of the company. We believe the company must provide clarity regarding the target capital structure to enable shareholders to make an informed decision. In the absence of clarity, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for6 against
  • Approval for power to create charge on the assets of the company to secure borrowings upto ` 3,000 Crores pursuant to Section 180(1)(a) of the Companies Act, 2013.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/ justification provided for the proposed increase when the existing limit is significantly unutilized.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/ justification provided for the proposed increase when the existing limit is significantly unutilized
    6 for4 against
  • Revision in remuneration payable to Mr. Dinesh Patidar (DIN: 00549552), Chairman cum Whole time Director of the Company.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Mr. Dinesh Patidar holds the position of Chairman and Executive Director, clubbing the position may lead to concentration of power; the Company’s remuneration practice appears highly skewed among the Promoter Directors.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Mr. Dinesh Patidar holds the position of Chairman and Executive Director, clubbing the position may lead to concentration of power; the Company’s remuneration practice appears highly skewed among the Promoter Directors
    • Bank of India Mutual FundDinesh Patidar, 63, is promoter and Executive Chairperson. He has over three decades of experience in manufacturing and selling stainless steel pumps and business development. He has served on the board since 30 January 2006. He attended all nine board meetings in FY25 (100%). He received a remuneration of Rs. 90.0 mn in FY25. As per the revised terms, we estimate the annual remuneration to be Rs. 180.0 mn. The entire remuneration is fixed in nature. We recognize that the scale of business of the company has significantly improved. In FY25, Shakti Pumps’ topline grew by 84% while PAT grew by 1.9x on a YoY basis. Notwithstanding, we believe that the proposed quantum of Rs. 180.0 mn, which is significantly higher than his past remuneration, is entirely fixed in nature. At such remuneration levels, we expect the company to have a variable component included in the terms which will link overall compensation to the company’s fundamental performance. We do not support the remuneration structure and as a result do not support this resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    4 for6 against

Mutual fund votes, meeting of 20 Apr 2025, 4 fund houses

  • Appointment of Mrs. Vandana Bhagavatula (DIN: 08352752) as Non-Executive Woman Independent Director of the Company.
    4 for0 against
  • Approval for power to borrow funds pursuant to the provisions of Section 180(1)(c) of the Companies Act, 2013, not exceeding the limit of Rs. 2000 Crores.
    4 for0 against
  • Approval for power to create charge on the assets of the company to secure borrowings upto Rs. 2,000 Crores pursuant to Section 180(1)(a) of the Companies Act, 2013.
    4 for0 against

Mutual fund votes, meeting of 12 Feb 2025, 3 fund houses

  • To approve Raising of Funds in one or more tranches, by issuance of Equity Shares and/or other eligible securities
    3 for0 against

Mutual fund votes, meeting of 9 Nov 2024, 4 fund houses

  • Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association
    4 for0 against
  • Issue of Bonus Shares
    4 for0 against
  • Appointment of Mr. Ramakrishna Sataluri (DIN: 08903553) as Non-executive & Non-independent Director of the Company
    4 for0 against

Mutual fund votes, meeting of 30 Sep 2024, 4 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2024 together with the Reports of the Board of Directors and the Auditors thereon
    4 for0 against
  • To declare a Dividend of Rs. 4/- (i.e. 40%) per equity share of Rs. 10/- each for the financial year ended March 31, 2024
    4 for0 against
  • To appoint a Director in place of Mr. Dinesh Patidar (DIN: 00549552), who retires by rotation and being eligible, offered himself for re-appointment
    4 for0 against
  • To appoint M/s Price Waterhouse Chartered Accountants LLP, (Firm Registration No: 012754N/N500016) as the Statutory Auditor of the Company.
    4 for0 against
  • Appointment of Mr. Ashwin Bhootda (DIN: 10236282) as a Whole time Director of the Company
    4 for0 against
  • Appointment of Mr. Hirabhai Somabhai Patel (DIN: 00541411) as an Independent Director of the Company
    4 for0 against
  • Appointment of Mr. Bhim Singh (DIN: 08189580) as an Independent Director of the Company
    4 for0 against
  • Appointment of Mr. Venkata Samrajya Sri Pavan Kumar Hari (DIN: 10665196) as an Independent Director of the Company
    4 for0 against
  • Ratification and confirm the payment of Remuneration of Cost Auditor for the Financial Year 2024-2025
    4 for0 against
  • Approval of Shakti Pumps (India) Limited Employees Stock Option Plan 2024 (“Shakti Pumps ESOP 2024”) for eligible employees of the Company
    4 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeDirectorate of Revenue Intelligence, LucknowSince 19 Oct 2020
    The matter is currently pending with CESTAT
  • Tax disputeDirectorate of Revenue Intelligence, LucknowSince 17 Nov 2020
    The matter is currently pending with CESTAT
  • Tax disputeOffice of Commissioner CGST & Central Excise, IndoreSince 22 May 2023
    The matter is pending with Goods and Services Tax Appellate Tribunal, (GSTAT)
  • Tax disputeOffice of Commissioner CGST & Central Excise, IndoreSince 6 Feb 2025
    The matter is pending with Goods and Services Tax Appellate Tribunal, (GSTAT)
  • Tax disputeHon'ble M.P. High Court, IndoreSince 29 May 2013
    The High Court issued the stay order.
  • Tax disputeCommissioner of Income Tax, BhopalSince 12 Dec 2022
    The matter is currently pending with ITAT Bhopal, Appeal yet to filed.
    At the filing before: An appeal was filed by our Company before the learned CIT Bhopal and the matter is currently pending
  • Tax disputeCommissioner of Income Tax, BhopalSince 3 Aug 2021
    An appeal was filed by our Company before the learned CIT Bhopal and the matter is currently pending
  • Tax disputeOffice of Commissioner CGST & Central Excise, IndoreSince 7 May 2025
    The matter is pending with Goods and Services Tax Appellate Tribunal, (GSTAT)
3 more
  • Tax disputeCommissioner of Income Tax (TDS) Appeal IndoreSince 31 Mar 2026
    An appeal was filed to the Joint Commisioner (Appeals) or the commisioner of income tax (appeals)
    At the filing before: An appeal was filed to the Joint Commissioner (Appeals) or the commissioner of income tax (appeals)
  • Tax disputeCommissioner Appeals, JNCH, Nhava ShevaSince 25 Jun 2025
    An appeal was filed by our Company. Hearing is awaited.
  • Tax disputeCustoms, Excise and Service Tax Appellate Tribunal, Delhi.Since 27 Sep 2024
    The matter is currently pending with CESTAT

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPMar 2024, checked by India Ratings and Research Private Limited200.00Part funding the capacity expansion of our Company with respect to the new facility in Pithampur, Madhya Pradesh for manufacture of Solar Powered Pumps and Motors, Variable Frequency Drives & Structures (“Project”)150.0012.96No
QIPMar 2024, checked by India Ratings and Research Private Limited200.00General Corporate purposes47.000.00No
QIPMar 2024, checked by India Ratings and Research Private Limited200.00QIP Related Issue Expenses3.000.04No
QIPJul 2025, checked by India Ratings and Research Private Limited292.60Investment in our Subsidiary, Shakti Energy Solutions Limited(“SESL”) for part-financing the proposed greenfield 2.2 GW solar DCR cell and Solar PV Module Project (“Project”)225.0028.48No
QIPJul 2025, checked by India Ratings and Research Private Limited292.60General Corporate Purposes63.200.00No
QIPJul 2025, checked by India Ratings and Research Private Limited292.60QIP related Issue Expenses4.400.03No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.