Shakti Pumps (India) Ltd.

Shakti Pumps India has informed that a meeting of the Board of Directors of the Company will be held on May 09, 2016, to consider the conversion of 1,500,000 Compulsorily Convertible Preference shares of Rs 100 each into 1,636,363 equity shares of Rs 10 at a conversion ratio of 1:1.09090 each ranking pari passu with the existing equity shares of the Company and allotment to AFHoldings.

The above information is a part of company’s filings submitted to BSE.