Shakti Pumps Board Approves ₹1/Share Dividend at AGM

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26 Aug, 2025 12:21

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Shakti Pumps (India) Limited's board has approved a final dividend of ₹1 per equity share (10%) for the financial year ended March 31, 2025, following their 30th Annual General Meeting (AGM) held on Thursday, September 25, 2025. The board also appointed  M. Maheshwari & Associates as the Secretarial Auditor of the company.

The dividend will be paid to shareholders after the AGM. The board approved the re-appointment of Sunil Patidar as a Whole Time Director for five years and ratified the remuneration of cost auditors for the financial year 2025-26.

The 30th Annual General Meeting addressed key items, including the approval of audited financial statements and the re-appointment of Ashwin Bhootda as a director.

Dividend Details

Key Decisions

• Considered and adopted the audited standalone and consolidated financial statements for the year ended March 31, 2025.
• Approved the re-appointment of  Ashwin Bhootda as a director.
• Approved payment of remuneration to  Ramakrishna Sataluri, Non-executive and Non-Independent Director, for the financial year 2025-26.
• Approved power to borrow funds up to ₹3,000 Crores.
• Approved power to create charges on the company's assets to secure borrowings up to ₹3,000 Crores.
• Approved revision in remuneration payable to Dinesh Patidar, Chairman cum Whole Time Director.

The meeting, conducted via video conferencing, included the participation of members, directors, and auditors. CS Ravi Patidar, Company Secretary, welcomed attendees and confirmed the quorum.

The board addressed shareholder queries regarding company performance. Members who had not voted through remote e-voting were given an opportunity to do so within 15 minutes after the AGM.

E-voting results will be declared within two working days and will be available on the stock exchanges, the company's website, and the website of Central Depository Services (India) Limited.

The Company Secretary thanked all stakeholders for their participation. The meeting concluded at 12:06 P.M.

It is here by confirmed that the Annual General Meeting was called, convened, held and conducted as per the provisions of the Companies Act, 2013 along with Rules made there under and Secretarial Standards issued by the ICSI.