Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III, Shakti Pumps (India) has informed that in the forthcoming Board Meeting scheduled to be held on October 11, 2023, the approval of Board Members will be accorded for the proposed Investments of Rs 114.29 Crores (Rupees One Hundred Fourteen Crores and Twenty-Nine Lacs Only) in the Wholly Owned Subsidiary i.e., Shakti EV Mobility in the next five years.
The above information is a part of company’s filings submitted to BSE.