Interim report
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Date: ‐ 23/10/2026 To, The Secretary, Listing Department National Stock Exchange of India Ltd. Exchange plaza, BKC, Bandra (E) Mumbai ‐ MH 400051. To, The Secretary, Corporate Relationship Department BSE Limited P. J. Towers, Dalal Street Mumbai‐ MH 400001. REF: ‐(ISIN‐ INE908D01010) SCRIP CODE BSE‐531431, NSE Symbol ‐SHAKTIPUMP Subject: ‐ Outcome of the Board Meeting of the Company held on October 23, 2026. Dear Sir/Madam, With reference to the subject cited above and Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirem ents) Regulations, 2015, we hereby inform that the Board of Directors of Shakti Pumps (India) Limited at its Meeting held today i.e. Friday, October 23, 2026 through video conferencing have inter‐alia has considered and approved the Un-Audited Consolidated and St andalone Financial Results of the Company for the quarter and half year ended September 30, 2026 along with Limited Review Report. The Board Meeting commenced at 03:00 P.M. and concluded at 04:05 P .M. You are requested to please take on record the above information. Thanking You Yours faithfully, For Shakti Pumps (India) Limited Ravi Patidar Company Secretary Encl.: Un‐audited Financial Results (Consolidated and Standalone) along with the Limited Review Report.
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Price Waterhouse Chartered Accountants LLP Price Waterhouse Chartered Accountants LLP, Nesco IT Building III, 8th Floor, Nesco IT Park, Nesco Complex, Gate No. 3 Western Express Highway, Goregaon East, Mumbai 400 063 T: +91 (22) 61197810 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterh ouse Chartered Accountants LLP (a Limited Liability Partnershi p with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its co nversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N) Review Report To The Board of Directors Shakti Pumps (India) Limited Plot No. 401, 402 & 413, Sector III, Industrial Area Pithampur, Pithampur, Madhya Pradesh - 454774 1. We have reviewed the consolidated unaudited financ ial results of Shakti Pu mps (India) Limited (the “Holding Company”) and its five subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the “Group”) (refer paragraph 4 below), for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, the Statement of Unaudited Consolidated Assets and Liabilities as on that date and the Statement of Unaudited Consolidated Cash Flows for the half-year ended on that date which are included in the accompanying ‘Statement of Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026’ (the “Statement”). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation s and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company’s Management and has been approved by the Holding Company’s Board of Direct ors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally acce pted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in acco rdance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assuranc e as to whether the Statement is free of material misstatement. A review of interim financial informat ion consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applyi ng analytical and other review procedures. A review is substantially less in scop e than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identifi ed in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the Holding Company and its following subsidiaries: x Shakti Energy Solutions Limited x Shakti EV Mobility Private Limited x Shakti Pumps FZE x Shakti Pumps USA, LLC x Shakti Pumps (Bangladesh) Limited
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of Shakti Pumps (India) Limited Review Report on the Unaudited Consolidated Financial Results Page 2 of 3 5. Based on our review conducted and procedures perf ormed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accomp anying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting St andard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The interim financial information of two subsidiaries reflect total assets of Rs. 642.99 crores and net assets of Rs. 352.68 crores as at September 30, 20 26 and total revenue from operations of Rs. 330.02 crores and Rs. 536.85 crores, profit after tax of Rs. 3.61 crores and Rs. 9.80 crores and total comprehensive income of Rs. 3.61 crores and Rs. 9.80 crores, for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. (9.05) crores for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. The interim financial information of the said subsidiaries have been reviewed by the other auditors in accordance with SRE 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” and their reports, vide which they have issued an unmodified conclusion, have been furnished to us by the H olding Company’s Management and our conclusion on the Statement, in so far as it relates to the amo unts and disclosures included in respect of these subsidiaries, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. The interim financial information of two subsidiaries incorporated outside India reflect total assets of Rs. 93.17 crores and net assets of Rs. 73.39 crores as at September 30, 2026 and total revenue from operations of Rs. 40.35 crores and Rs. 75.31 crores, profit after tax of Rs. 10.30 crores and Rs. 16.61 crores, and total comprehensive income of Rs. 11.58 crores and Rs. 18.69 crores for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. 2.16 crores for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. The interim financial information of the said subsidiaries have been prepared in accordance with accounting principles generally accepted in the subsidiaries’ country of incorporation which have been reviewed by the auditor of the said subsidiaries under the International Standard on Review Engagements (ISRE) 2410 “R eview of Interim Financial Information Performed by the Independent Auditor of the Entity”, and upon which the subsidiaries’ auditor vide their review report has issued an unmodified conclusion. The Holding Company’s Management has converted the interim financial information of the said subsidiaries from the accounting principles generally accepted in the subsidiaries’ country of incorporation to the accounting principles generally accepted in India. We have reviewed these conversion adjustment s made by the Holding Co mpany’s Management. Our conclusion on the Statement, in so far as it rela tes to the amounts and disclosures included in respect of the said subsidiaries is based on the review report of the other auditors and the conversion adjustments prepared by the Holding Company’s Mana gement as reviewed by us and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matters.
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of Shakti Pumps (India) Limited Review Report on the Unaudited Consolidated Financial Results Page 3 of 3 7. The consolidated unaudited financial results include the interim financial information of one subsidiary which have not been reviewed by their auditors, whose interim financial information reflect total assets of Rs. 1.18 crores and net assets of Rs. (0.33) cror es as at September 30, 2026 and total revenue from operations of Rs. Nil and Rs. Nil, net loss afte r tax of Rs. Nil and Rs. 0.03 crores and total comprehensive loss of Rs. Nil and Rs. 0.08 crores for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026 , respectively, and cash flows (net) of Rs. Nil for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. According to the information and explanations given to us by the Holding Company’s Management, these interim financial information are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Ali Akbar Place: Mumbai Partner Date: October 23, 2026 Membership Number: 117839 UDIN: 26117839JGRCBX6055 ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:25:34 +05'30'
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Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 746.03 858.67 666.35 1,604.70 1,288.85 2,697.61 II Other income 12.45 10.34 5.54 22.79 7.44 24.84 III Total Income (I+II) 758.48 869.01 671.89 1,627.49 1,296.29 2,722.45 IV Expenses Cost of materials consumed 615.74 571.24 486.60 1,186.98 924.85 1,943.88 Changes in inventories of finished goods and work-in-progress (47.89) 57.84 (53.04) 9.95 (95.12) (90.53) Employee benefits expense 39.27 39.98 34.29 79.25 64.02 140.95 Finance costs 18.85 14.57 13.30 33.42 23.06 59.07 Depreciation and amortisation expense 8.10 7.58 6.67 15.68 12.72 28.32 Other expenses 74.88 106.75 62.55 181.63 115.58 281.61 Total Expenses (IV) 708.95 797.96 550.37 1,506.91 1,045.11 2,363.30 V Profit before tax (III-IV) 49.53 71.05 121.52 120.58 251.18 359.15 VI Tax Expense: (1) Current Tax 13.72 19.49 31.28 33.21 66.67 98.66 (2) Deferred Tax Charge/(Credit) (2.70) (0.03) (0.47) (2.73) (3.03) 2.91 Total tax expenses (VI) 11.02 19.46 30.81 30.48 63.64 101.57 VII Profit for the period/year (V-VI) 38.51 51.59 90.71 90.10 187.54 257.58 VIII Other Comprehensive Income for the period/year (1) Items that will not be reclassified to profit or loss Re-measurement gains/(loss) on defined benefit plans 0.06 0.45 0.14 0.51 0.25 1.80 Income tax relating to items that will not be reclassified to profit or loss (0.01) (0.11) (0.03) (0.12) (0.06) (0.45) (2) Items that may be reclassified to profit or loss - Exchange differences on translation of foreign operations 1.31 0.78 0.80 2.09 1.07 5.25 lncome tax relating to items that may be reclassified to profit or loss (0.01) (0.01) - (0.02) - (0.04) Total Other Comprehensive Income for the period/year (VIII) 1.35 1.11 0.91 2.46 1.26 6.56 IX Total Comprehensive Income for the period/year (VII+VIII) 39.86 52.70 91.62 92.56 188.80 264.14 X Paid-up equity share capital 123.40 123.40 123.40 123.40 123.40 123.40 (Face Value: Rs.10/- per share) XI Other Equity 1,582.16 XII Earnings per equity share (in Rupees) (Not annualised except year end) (1) Basic 3.12 4.18 7.35 7.30 15.40 21.02 (2) Diluted 3.12 4.18 7.34 7.30 15.39 21.00 Regd. Office: Plot No. 401, 402 & 413, Sector-III, Industrial Area Pithampur, Madhya Pradesh - 454774 Statement of Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026 Half year ended S.No (Rs. in crores, unless otherwise stated) Particulars SHAKTI PUMPS (INDIA) LIMITED CIN: L29120MP1995PLC009327 Quarter ended
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Notes: 1 Standalone financial information of the Company: Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Total Income 702.56 831.78 661.72 1,534.34 1,274.42 2 ,680.48 Profit before interest, depreciation and tax (PBIDT) 57.99 74.38 134.68 132.37 273.23 407.69 Profit before tax 36.68 58.94 118.23 95.62 243.68 336.73 Profit after tax 31.03 42.99 90.20 74.02 184.61 243.79 2 3 4 5 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Chairman & Whole Time Director Particulars The above Consolidated results of Shakti Pumps (India) Limited and its branch (the 'Company') and its Subsidiaries (together referred to as 'Group') were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetin gs held on October 23, 2026. The Statutory Auditors of the Company have conducted a "Limited Review" of the above Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026. Half year endedQuarter ended Shareholders in the Annual General Meeting held on August 5, 2026 approved final dividend for the year ended March 31, 2026 of Rs. 12.34 crores (Rs. 1 per share), which was paid by the Company during the current quarter. The above consolidated financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 and other accounting pri nciples generally accepted in India. (DIN: 00549552) Previous period figures have been reclassified, wherever necessary, to conform with current period’s classification. Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1ef ab0428e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b96 b1e1dc0bd3c64f9e320e45aef5b2bc4c175 5e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f01 b4779c29daa9e038864dee98f7dee6ea4e4 0d572, cn=Dinesh Patidar Date: 2026.10.23 16:15:40 +05'30' ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:22:53 +05'30'
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Unaudited Audited Assets Non-current assets (a) Property, plant and equipment 273.01 264.30 (b) Capital work-in-progress 47.68 12.09 (c) Right of-use assets 151.27 45.67 (d) Intangible assets 4.90 4.90 (e) Intangible assets under development 0.23 0.26 (f) Financial assets (i) Other financial assets 6.90 9.65 (g) Deferred tax assets (net) 13.57 11.31 (h) Income tax assets (net) 0.02 0.02 (i) Other non-current assets 62.43 128.89 Total non-current assets 560.01 477.09 Current assets (a) Inventories 479.30 456.07 (b) Financial assets (i) Trade receivables 1,963.64 1,275.69 (ii) Cash and cash equivalents 24.07 438.72 (iii) Bank balances other than (ii) above 221.20 245.29 (iv) Other financial assets 15.91 9.40 (c) Income tax assets (net) 31.94 13.87 (d) Other current assets 150.10 132.25 Total current assets 2,886.16 2,571.29 Total assets 3,446.17 3,048.38 Equity and liabilities Equity (a) Equity share capital 123.40 123.40 (b) Other equity 1,663.74 1,582.16 Total equity 1,787.14 1,705.56 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 108.03 40.76 (ii) Lease liabilities 34.26 17.27 (b) Provisions 25.90 23.72 (c) Deferred tax liabilities (net) 2.19 2.52 (d) Other non-current liabilities 62.46 43.74 Total non-current liabilities 232.84 128.01 Current liabilities (a) Financial liabilities (i) Borrowings 830.93 445.65 (ii) Lease liabilities 1.59 1.60 (iii) Trade payables 75.16 74.76 399.44 578.08 (iv) Other financial liabilities 34.13 37.53 (b) Provisions 28.23 25.51 (c) Current tax liabilities (net) 9.93 4.44 (d) Other current liabilities 46.78 47.24 Total current liabilities 1,426.19 1,214.81 Total liabilities 1,659.03 1,342.82 Total equity and liabilities 3,446.17 3,048.38 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Chairman & Whole-Time Director (DIN:00549552) - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises As at March 31, 2026Particulars Shakti Pumps (India) Limited Statement of Unaudited Consolidated Assets and Liabilities as at September 30, 2026 (Rs. in crores, unless otherwise stated) CIN: L29120MP1995PLC009327 As at September 30, 2026 Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1 efab0428e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b 96b1e1dc0bd3c64f9e320e45aef5b2bc4 c1755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f 01b4779c29daa9e038864dee98f7dee6e a4e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:16:13 +05'30' ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:23:28 +05'30'
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A 120.58 251.18 Adjusted For : Depreciation and amortisation expense 15.68 12.72 Interest income on fixed deposits (9.14) (5.69) Unrealised foreign exchange (gain)/ loss (net) (1.20) (0.37) Interest on bank borrowings 24.25 18.57 Interest on delay payment to micro and small enterprises 1.08 1.28 Interest on loan from related party 1.97 - Interest on lease liabilities 1.06 0.07 Employee share-based payment expenses 2.01 1.81 Provision for expected credit loss on trade receivables 2.20 3.69 Provision for slow and non-moving inventory - 0.25 Bad debts written off 0.02 0.07 Loss on sale of property, plant and equipment 0.41 0.81 38.34 33.21 Operating profit before working capital changes 158.92 284.39 (Increase)/ Decrease in trade receivables (369.45) (620.19) (Increase)/ Decrease in inventories (23.24) (125.39) (Increase)/Decrease in other financial assets (0.10) 1.64 (Increase)/ Decrease in other assets (17.83) (34.47) Increase/ (Decrease) in trade payables (175.09) 75.49 Increase/(Decrease) in other financial liabilities 0.80 3.96 Increase/ (Decrease) in provisions 5.41 0.40 Increase/ (Decrease) in other bank balances - (11.51) Increase/ (Decrease) in other liabilities 18.27 7.94 (561.23) (702.13) Net cash flow from operating activities (402.31) (417.74) Income taxes paid (net) (45.79) (60.65) (45.79) (60.65) Net cash flow used in operating activities (A) (448.10) (478.39) B CASH FLOW FROM INVESTING ACTIVITIES Payment for purchase of property, plant and equipment [includung capital work-in-progress and upfront payment for leasehold land] (103.50) (28.81) Payment for purchase of intangible assets (0.20) (0.09) Proceeds from sale of property, plant and equipment 0.50 - Interest received 5.48 7.92 Redemption/ (Investment) of deposits with banks 24.09 (30.21) Net cash flow used in investing activities (B) (73.63) (51.19) C CASH FLOW FROM FINANCING ACTIVITIES Proceeds from long term borrowings 82.73 13.37 Proceeds from short term borrowings (net) {excluding supplier finance arrangement} 333.87 397.90 Proceeds received under a supplier finance arrangement 375.61 443.35 Repayments under a supplier finance arrangement (325.69) (406.06) Proceeds from issue of equity shares through QIP - 288.53 Payment of lease liabilites (Principal) (0.16) (0.02) Dividend paid (12.34) - Interest Paid (26.23) (18.57) Net cash flow generated from financing activities (C ) 427.79 718.50 Net increase / (decrease) in cash and cash equivalents (A+B+C) (93.94) 188.92 April 1, 2026 opening balance prior to restatement for amendments 438.72 - Adjustment on initial application of amendments on April 1, 2026 (320.71) - Cash and cash equivalents at the beginning of the period 118.01 57.00 24.07 245.92 1. Figures in brackets represent Cash Outflow 2. Cash and Cash Equivalents comprise of : Cash in Hand Balance with Banks In current accounts Deposits with original maturity of less than 3 months For Shakti Pumps (India) Limited Dinesh Patidar Place: Indore Chairman & Whole Time Director Date: October 23, 2026 (DIN: 00549552) 1.65 208.06 As at September 30, 2025 As at September 30, 2026 0.02 0.02 37.84 Total 24.07 245.92 (Rs. in crores, unless otherwise stated) Particulars For the Six Months Ended For the Six Months Ended Cash and Cash Equivalents at the end of the period Note : Particulars 22.40 SHAKTI PUMPS (INDIA) LIMITED Statement of Unaudited Consolidated Cash Flows for the half-year ended September 30, 2026 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax September 30, 2026 September 30, 2025 Unaudited Unaudited CIN : L29120MP1995PLC009327 Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1efab04 28e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b96b1e1 dc0bd3c64f9e320e45aef5b2bc4c1755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f01b477 9c29daa9e038864dee98f7dee6ea4e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:16:37 +05'30' ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:24:27 +05'30'
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Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1. Segment Revenue India 743.41 852.15 664.15 1,595.56 1,281.64 2,688.93 Overseas Subsidiaries 40.34 34.95 30.06 75.29 61.16 109.99 Total Segment Revenue 783.75 887.10 694.21 1,670.85 1,342.80 2,798.92 Inter segment sales (25.27) (18.09) (22.32) (43.36) (46.51) (76.47) Income from operations 758.48 869.01 671.89 1,627.49 1,296.29 2,722.45 2. Segment Results Profit before finance costs & tax India 55.55 77.93 129.56 133.48 265.32 403.64 Overseas Subsidiaries 12.83 7.69 5.26 20.52 8.92 14.58 Total 68.38 85.62 134.82 154.00 274.24 418.22 Less: Finance Cost 18.85 14.57 13.30 33.42 23.06 59.07 Profit before Tax 49.53 71.05 121.52 120.58 251.18 359.15 3. Capital Employed Segment Assets India 3,351.83 3,099.70 2,927.37 3,351.83 2,927.37 2,971.57 Overseas Subsidiaries 94.34 76.90 69.82 94.34 69.82 76.81 Total Segment Assets 3,446.17 3,176.60 2,997.19 3,446.17 2,997.19 3,048.38 Segment Liabilities India 1,637.79 1,409.44 1,359.37 1,637.79 1,359.37 1,333.02 Overseas Subsidiaries 21.24 8.28 10.87 21.24 10.87 9.80 Total Segment Liabilities 1,659.03 1,417.72 1,370.24 1,659.03 1,370.24 1,342.82 Net Capital Employed (Segment Assets-Segment Liabilities) India 1,714.04 1,690.26 1,568.00 1,714.04 1,568.00 1,638.55 Overseas Subsidiaries 73.10 68.62 58.95 73.10 58.95 67.01 Total Capital Employed 1,787.14 1,758.88 1,626.95 1,787.14 1,626.95 1,705.56 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Chairman & Whole-Time Director DIN:00549552 Particulars SHAKTI PUMPS (INDIA) LIMITED CIN: L29120MP1995PLC009327 Consolidated Segment Information (Rs. in crores, unless otherwise stated) Half Year ended Quarter ended Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1 efab0428e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b9 6b1e1dc0bd3c64f9e320e45aef5b2bc4c1 755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f0 1b4779c29daa9e038864dee98f7dee6ea4 e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:16:58 +05'30'ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:24:55 +05'30'
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Price Waterhouse Chartered Accountants LLP Price Waterhouse Chartered Accountants LLP, Nesco IT Building III, 8th Floor, Nesco IT Park, Nesco Complex, Gate No. 3 Western Express Highway, Goregaon East, Mumbai 400 063 T: +91 (22) 61197810 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterh ouse Chartered Accountants LLP (a Limited Liability Partnershi p with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its co nversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N) Review Report To The Board of Directors Shakti Pumps (India) Limited Plot No. 401, 402 & 413, Sector III, Industrial Area Pithampur, Pithampur, Madhya Pradesh - 454774 1. We have reviewed the standalone unaudited financ ial results of Shakti Pumps (India) Limited (the “Company”) which includes one branch located in Uganda, for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, the Statement of Unaudited Standalone Assets and Liabilities as on that date and the Statement of Unaudited Standalone Cash Flows for the half-year ended on that date which are included in the accompanying ‘Statement of Unaudited Standalone Financial Results for the quarte r and half year ended September 30, 2026’ (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes. 2. This Statement, which is the responsibility of th e Company’s Management and approved by the Board of Directors, has been prepared in accordance wi th the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in acco rdance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assuranc e as to whether the Statement is free of material misstatement. A review of interim financial informat ion consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applyi ng analytical and other review procedures. A review is substantially less in scop e than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matte rs that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement ha s not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of Shakti Pumps (India) Limited Review Report on the Unaudited Standalone Financial Results Page 2 of 2 5. The interim financial information of one branch reflec t total assets of Rs. 65.80 crores and net assets of Rs. 1.64 crores as at September 30, 2026 and to tal revenue from operations of Rs. 2.09 crores and Rs. 6.91 crores, loss after tax of Rs. 1.15 crores and Rs. 1.52 crores and total comprehensive loss of Rs. 1.13 crores and Rs. 1.46 crores for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. (1.50) crores for the period from April 1, 2026 to September 30, 2026 , as considered in the Statement. The interim financial information of this branch has been review ed by the branch auditors and their report vide which they have issued an unmodified conclusion on those interim financial information has been furnished to us by the Company’s Management, and ou r conclusion on the Statement, in so far as it relates to the amounts and disclosures included in re spect of this branch, is based on the report of such branch auditors, who carried out their review in accordance with International Standard on Review Engagements (ISRE) 2410 “Review of In terim Financial Information Performed by the Independent Auditor of the Entity” and issued their unmodified conclusion vide their report as provided to us by the Company’s Management and the procedures performed by us. Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Ali Akbar Place: Mumbai Partner Date: October 23, 2026 Membership Number: 117839 UDIN: 26117839NWORBD9283 ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:22:13 +05'30'
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Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 683.33 816.28 649.16 1,499.61 1,254.67 2,643.11 II Other income 19.23 15.50 12.56 34.73 19.75 37.37 III Total Income (I+II) 702.56 831.78 661.72 1,534.34 1,274.42 2,680.48 5 5 IV Expenses Cost of materials consumed 585.20 566.90 481.29 1,152.10 922.48 1,970.46 Changes in inventories of finished goods and work-in-progress (41.44) 56.02 (40.97) 14.58 (81.68) (77.91) Employee benefits expense 32.39 33.58 29.27 65.97 54.50 119.56 Finance costs 15.79 10.13 11.36 25.92 19.63 50.66 Depreciation and amortisation expense 5.52 5.31 5.09 10.83 9.92 20.30 Other expenses 68.42 100.90 57.45 169.32 105.89 260.68 Total Expenses (IV) 665.88 772.84 543.49 1,438.72 1,030.74 2,343.75 V Profit before tax (III-IV) 36.68 58.94 118.23 95.62 243.68 336.73 VI Tax Expense: (1) Current Tax 7.74 15.09 28.23 22.83 61.09 88.41 (2) Deferred Tax Charge/(Credit) (2.09) 0.86 (0.20) (1.23) (2.02) 4.53 Total tax expenses (VI) 5.65 15.95 28.03 21.60 59.07 92.94 VII Profit for the period/year (V-VI) 31.03 42.99 90.20 74.02 184.61 243.79 VIII Other Comprehensive Income for the period/year (1) Items that will not be reclassified to profit or loss Re-measurement gains on defined benefit plans 0.05 0.44 0.14 0.49 0.25 1.76 Income tax relating to items that will not be reclassified to profit or loss (0.01) (0.11) (0.03) (0.12) (0.06) (0.44) (2) Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations 0.03 0.03 0.05 0.06 0.05 0.16 lncome tax relating to items that may be reclassified to profit or loss (0.01) (0.01) - (0.02) - (0.04) Total Other Comprehensive Income/(loss) for the period/year (VIII) 0.06 0.35 0.16 0.41 0.24 1.44 IX Total Comprehensive Income for the period/year (VII+VIII) 31.09 43.34 90.36 74.43 184.85 245.23 Paid-up equity share capital 123.40 123.40 123.40 123.40 123.40 123.40 (Face value: Rs.10/- per share) XI Other Equity 1,461.87 Earnings per equity share (in Rupees) (Not annualised except year end) (1) Basic 2.52 3.48 7.31 6.00 15.16 19.89 (2) Diluted 2.52 3.48 7.30 6.00 15.15 19.88 Notes: 1 2 3 4 5 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Chairman & Whole Time Director (DIN: 00549552) Previous period figures have been reclassified, wherever necessary, to conform with current period’s classification. Since the segment information as per Ind AS 108 “Operating Segments” is provided on the basis of consolidated financial results, the same is not provid ed separately in the standalone financial results. Shareholders in the Annual General Meeting held on August 5, 2026 approved final dividend for the year ended March 31, 2026 of Rs. 12.34 crores (Rs. 1 per share), which was paid by the Company during the current quarter. The above results of the Company have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and the other accounting principle s generally accepted in India. SHAKTI PUMPS (INDIA) LIMITED Regd. Office: Plot No. 401, 402 & 413, Sector-III, Industrial Area Pithampur, Madhya Pradesh - 454774 CIN: L29120MP1995PLC009327 Statement of Unaudited Standalone Financial Results for quarter and half year ended September 30, 2026 X XII The above results of Shakti Pumps (India) Limited and its branch (together referred to as 'Company') were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 23, 2026. The Statutory Auditors of the Company have conducted a "Limited Review" of the above Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026. (Rs. in crores, unless otherwise stated) S.No Particulars Half year endedQuarter ended Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def 1efab0428e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b 96b1e1dc0bd3c64f9e320e45aef5b2bc 4c1755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420 f01b4779c29daa9e038864dee98f7dee 6ea4e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:17:38 +05'30' ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:20:52 +05'30'
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Unaudited Audited Assets Non-current assets (a) Property, plant and equipment 163.98 160.69 (b) Capital work-in-progress 21.61 3.37 (c) Right of-use assets 19.04 19.27 (d) Intangible assets 4.16 4.13 (e) Intangible assets under development 0.19 0.23 (f) Financial assets (i) Investments 277.57 201.57 (ii) Other financial assets 6.47 6.74 (g) Deferred tax assets (net) 8.66 7.57 (h) Income tax assets (net) 0.02 0.02 (i) Other non-current assets 10.06 12.02 Total non-current assets 511.76 415.61 Current assets (a) Inventories 408.64 401.98 (b) Financial assets (i) Trade receivables 1,899.70 1,261.35 (ii) Cash and cash equivalents 16.90 424.65 (iii) Bank balances other than (ii) above 211.27 220.89 (iv) Other financial assets 11.52 7.41 (c) Income tax assets (net) 31.89 13.84 (d) Other current assets 119.02 107.94 Total current assets 2,698.94 2,438.06 Total assets 3,210.70 2,853.67 Equity and liabilities Equity (a) Equity share capital 123.40 123.40 (b) Other equity 1,524.64 1,461.87 Total equity 1,648.04 1,585.27 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 75.00 - (ii) Lease liabilities 1.91 1.98 (b) Provisions 24.70 22.93 (c) Other non-current liabilities 62.46 43.74 Total non-current liabilities 164.07 68.65 Current liabilities (a) Financial liabilities (i) Borrowings 777.11 416.44 (ii) Lease liabilities 0.17 0.23 (iii) Trade payables 49.77 67.95 451.00 609.30 (iv) Other financial liabilities 28.47 26.03 (b) Provisions 28.00 25.36 (c) Other current liabilities 64.07 54.44 Total current liabilities 1,398.59 1,199.75 Total liabilities 1,562.66 1,268.40 Total equity and liabilities 3,210.70 2,853.67 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Chairman & Whole-Time Director (DIN:00549552) - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises Shakti Pumps (India) Limited Statement of Unaudited Standalone Assets and Liabilities as at September 30, 2026 (Rs. in crores, unless otherwise stated) As at September 30, 2026 CIN: L29120MP1995PLC009327 Particulars As at March 31, 2026 Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1e fab0428e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b9 6b1e1dc0bd3c64f9e320e45aef5b2bc4c1 755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f0 1b4779c29daa9e038864dee98f7dee6ea4 e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:18:09 +05'30' ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:21:19 +05'30'
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(Rs. in crores, unless otherwise stated) A 95.62 243.68 Adjusted For : Depreciation and amortisation expense 10.83 9.92 Interest income on fixed deposits (8.77) (5.46) Unrealised foreign exchange (gain) / loss (net) (1.20) (0.40) Dividend income (12.55) (12.38) Interest on bank borrowings 22.21 15.97 Interest on delay payment to micro and small enterprises 0.58 1.11 Interest on loan from related party 0.70 - Interest on lease liablities - 0.03 Employee share-based payment expenses 0.60 0.40 Provision for expected credit loss on trade receivables 2.20 3.69 Loss on sale of property, plant and equipment 0.05 0.11 14.65 12.99 Operating profit before working capital changes 110.27 256.67 (Increase)/ Decrease in trade receivables (319.84) (617.35) (Increase)/ Decrease in inventories (6.66) (105.47) (Increase)/Decrease in other financial assets (0.10) 1.81 (Increase)/ Decrease in other assets (11.08) (22.08) Increase/ (Decrease) in trade payables (175.10) 61.08 Increase/ (Decrease) in other financial liabilities 0.42 3.28 Increase/ (Decrease) in provisions 4.90 0.43 Increase/ (Decrease) in other bank balances - (11.51) Increase/ (Decrease) in other liabilities 28.35 14.46 (479.11) (675.34) Net Cash flow from operating activities (368.84) (418.67) Income taxes paid (net) (40.88) (52.10) (40.88) (52.10) Net cash flow used in operating activities (A) (409.72) (470.77) B CASH FLOW FROM INVESTING ACTIVITIES (28.97) (18.35) Payment for purchase of intangible assets (0.20) (0.08) Proceeds from sale of property, plant and equipment 0.33 - Investment in subsidiaries (76.00) (17.00) Interest received 5.04 7.72 Dividend received 12.55 12.38 Redemption/ (Investment) of deposits with banks 9.61 (30.03) Net cash flow used in investing activities (B) (77.64) (45.36) C CASH FLOW FROM FINANCING ACTIVITIES Proceeds from long term borrowings 75.00 - 320.71 385.67 365.69 443.35 (325.72) (406.06) Proceeds from issue of equity shares through QIP - 288.53 Payment of lease liabilites (Principal) (0.12) (0.02) Dividend paid (12.34) - Interest Paid (22.91) (15.97) Net cash flow generated from financing activities (C ) 400.31 695.50 Net (decrease) /increase in cash and cash equivalents (A+B+C) (87.05) 179.37 April 1, 2026 opening balance prior to restatement for amendments 424.65 - Adjustment on initial application of amendments on April 1, 2026 (320.71) - Cash and cash equivalents at the beginning of the period 103.94 40.48 16.90 219.85 1. Figures in brackets represent cash outflow. 2. Cash and cash equivalents comprise of : In current accounts 16.87 18.82 For Shakti Pumps (India) Limited Place: Indore Dinesh Patidar Date: October 23, 2026 Cha irman & Whole Time Director (DIN: 00549552) Particulars For the Six Months EndedFor the Six Months Ended September 30, 2026 Shakti Pumps (India) Limited CIN : L29120MP1995PLC009327 Statement of Unaudited Standalone Cash Flow s for the half-year ended September 30, 2026 Unaudited September 30, 2025 Unaudited CASH FLOW FROM OPERATING ACTIVITIES Profit before tax Proceeds from short term borrowings (net) {excluding supplier finance arrangement} Proceeds received under a supplier finance arrangement Repayments under a supplier finance arrangement Payment for purchase of property, plant and equipment [includung capital work-in-progress] Cash and cash equivalents at the end of the period Note : Particulars As at September 30, 2025 As at September 30, 2026 Balance with banks Cash in Hand 0.02 0.03 Total 219.85 16.90 Deposits with original maturity of less than 3 months 201.01 - Dinesh Patidar Digitally signed by Dinesh Patidar DN: c=IN, o=Personal, title=0303, pseudonym=96e21bb43343467680def1efab04 28e5, 2.5.4.20=9f2e9dc7d1a7bec19c5de524b96b1e1 dc0bd3c64f9e320e45aef5b2bc4c1755e, postalCode=452020, st=Madhya Pradesh, serialNumber=16f1dfcf719ba7254f420f01b477 9c29daa9e038864dee98f7dee6ea4e40d572, cn=Dinesh Patidar Date: 2026.10.23 16:18:34 +05'30'ALI AKBAR Digitally signed by ALI AKBAR Date: 2026.10.23 17:21:43 +05'30'