Shakti Pumps (India) has informed that the Company has invested Rs. 2,00,00,000 (Rupees Two Crore Only) in its wholly owned subsidiary, Shakti EV Mobility (formerly known as Shakti Green Industries Private Limited) by subscribing to 20,00,000 Equity Shares of Rs. 10 (Rupees Ten each). The consolidated investment is Rs. 12,76,00,000 (Rupees Twelve Crore Seventy Six Lacs Only) after subscribing aforesaid equity shares. The Brief background about the entity; Shakti EV Mobility (the Company) is incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) (SPIL) 16th December, 2021. The Company is engaged in manufacturing, trade, buy, sale of Electric Vehicle motors, Charging stations for Home/ Commercial/ Highways, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, Battery Charging System, Customized/ Integrated Electronic /Electrical Control Panel.
The above information is a part of company’s filings submitted to BSE.
