SHAKTIPUMPNSE2 August 2025

Shakti Pumps (India) Limited has informed the Exchange about Investor Presentation

Shakti Pumps (India) Limited

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.

Date : - 02/08/2025

REF: -(ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP

Sub.:-Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor Presentation which is being uploaded on the website of the Company.

Kindly take note of the above.

Thanking You,

Yours Faithfully, For Shakti Pumps (India) Limited

Ravi Patidar Company Secretary

Encl.: As above

Shakti Pumps (India) Limited

Investor Presentation Q1FY26

BSE: 531431 | NSE: SHAKTIPUMP | ISIN: INE908D0101

Disclaimer

This presentation and the following discussion may contain “forward looking statements” by Shakti Pumps (India) Limited (“SPIL” or the company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of SPIL about the business, industry and markets in which SPIL operates.

These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond SPIL’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of SPIL.

In particular, such statements should not be regarded as a projection of future performance of SPIL. It should be noted that the actual performance or achievements of SPIL may vary significantly from such statements.

Table of Contents

Business Overview

Shakti’s Competitive Edge

Financial Highlights

Annexures

Business Overview

Shakti Pumps at a Glance

Business Overview

Diversified Business Model

A leading integrated player manufacturing fabrication technology- based solar/electricity operating submersible pumps in India, with an export presence in 100+ countries

With 4+ Decades of industry presence, Shakti Pumps is one of the few companies with the competency to manufacture pumps and motors in-house

Holds 15 patents and delivers unique proprietary products through in-house Research, Design and Development

One of the biggest beneficiary under the PM KUSUM scheme; holds ~25% market share in the scheme

Product-wise

Customer-wise

Solar Complete Systems (SWPS)

Submersible (Sets, Motors & Pumps)

Solar (Sets, Motors & Pumps)

Others (Surface, Industrial & Others)

Solar Rooftop

Government Projects

Exports

Industrial

OEM

Motors & Controllers for EVs

Retail & Others

₹ 25,162 Mn FY25 Revenue

₹ 6,030 Mn FY25 EBITDA

+ 83.6% Revenue YoY

0.1x Debt-Equity as on 31/03/2025

24.0% FY25 EBITDA Mar.

35.2% FY25 Return on Equity

₹ 4,084 Mn FY25 PAT

16.2% FY25 PAT Mar.

IND AA-/Stable LT Credit Rating from India Ratings

500+ Dealers in India

1,200+ Product Variants

400+ Service Centres

Integrated Manufacturing Facilities

5,00,000 Pumps & Motors

2,00,000 Structures

4,00,000 Inverters & VFDs

Comprehensive Business Model

Solar Pumps

Exports

Motors & Controllers for Electric Vehicles

Solar Rooftop

Govt. Projects

Industrial

Retail

OEM & Others

₹ 20,794 Mn FY25 Revenue

Covering all major continents with a presence in 100+ countries

₹ 4,368 Mn FY25 Revenue

Legacy Business

Emerging Businesses

Capacity Expansion in Progress

Motors & Controllers under Shakti EV Mobility (Capacity: 2 Lakh Motors and 2 lakh Controllers & Chargers annually)

VFD & Inverter Plant under Shakti Pumps (India) (Capacity: Increased from 2 lakh to 4 lakh annually)

Solar Structures Plant under Shakti Energy Solutions (Capacity: Increased from 1 lakh to 2 lakh annually)

Company is executing a capex plan of

Rs. 17,000 Mn, which includes:

•

Doubling

capacity

for pumps,

motors, VFDs, and solar structures

(Rs. 2,500 Mn)

Establishing

EV motors,

controllers and chargers

facility

under Shakti EV Mobility Pvt Ltd (Rs.

2,500 Mn)

•

Setting up a 2.2 GW solar DCR cell

and PV module plant in Pithampur,

Madhya Pradesh (Rs. 12,000 Mn)

•

Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 113 Acre land to the wholly owned subsidiary

company i.e. Shakti Energy Solutions Limited, which will be utilized for setting up a solar DCR cell and PV module manufacturing facility

Marquee Projects undertaken by Shakti Pumps (1/2)

De-watering Project at Burj Khalifa, Dubai

De-watering Project at Hyatt Place Hotel, Dubai

De-watering Project at One Za'abeel Tower, Dubai

Fountain Pumps Project in USA

Marquee Projects undertaken by Shakti Pumps (2/2)

Maha Kumbh Mela, Uttar Pradesh

Other Major Projects in India

• Bharat Mandapam, New Delhi

• Akshardham Temple, New Delhi

• Akshardham Temple, Ahmedabad, Gujarat

•

Statue of Unity, Gujarat

JK Temple, Kanpur, Uttar Pradesh

• Anasagar Lake, Ajmer, Rajasthan

Experienced Management Team

Mr. Dinesh Patidar Chairman A visionary, self-made industrialist and leader with a strong business acumen and knowledge in development of engineering products and management. More than 3 decades of experience and extensive business travels across the world helped him to adopt latest and best practices in business to develop a competitive edge.

Mr. Sunil Patidar Director Determined professional with in people management and industrial relations ensuring all administrative and legal compliances.

innovative approach

Mr. Ashwin Bhootda Whole Time Director Specializes in International Business and has over 18 years of experience in Sales and Marketing, with a focus on international business. Over the years, have successfully navigated diverse implementing tailored strategies that align with business objectives and regulatory requirements. Holds a Master's Degree in International Business.

international markets,

Prof . B M Sharma Overall Head (Operations & HR) Retired Professor, Department of Electrical Engineering, SGSITS rich experience spanning over 30 years in academics and industry with expertise in design and development of super-efficient motors.

Indore. A seasoned professional having

Mr. Ramesh Patidar Managing Director A Graduate in Business Administration with having more than 19 years of experience in Shakti. Looks after international business development activities exploring and expanding new business opportunities across the world.

Mr. Dinesh Patel Chief Financial Officer A well-qualified CA, ICWAI with over 14 years of work experience in accounts, finance, audit, direct & indirect taxation. He has also qualified the Professional Programme examination of The Institute of Company Secretaries of India (ICSI). He has worked with Mahindra & Mahindra Limited Ltd, Mahindra Two Wheelers Ltd, CASE New Holland Construction Equipment India Private Limited. Associated with Shakti Group since May 2018.

Dr Chinmay Jain Chief Technical Officer An M. E. in electrical engineering from Indian Institute of Science, Bangalore, he has a PhD degree from the Department of Electrical Engineering, IIT, Delhi. He has published close to 20 research papers in renowned international journals such as IEEE/IET transactions etc along with 9 patents in his bucket.

Mr. Ravi Patidar Company Secretary A Commerce graduate, and also hold the degree of L.L.B. He is an Associate Member of ICSI. He has over 11 years' work experience in handling Secretarial work in listed Company, Public Limited Companies and various other matters.

Distinguished & Industry Professionals on the Board

Mr. Hirabhai Somabhai Patel Independent Director

A retired IAS officer and has held various reputable positions in different departments. Notably, he has been the Secretary of Gujarat Electricity Board and the Managing Director of Uttar Gujarat Vij Company Limited, Surat and Gujarat State Energy Generation Ltd. He holds a post graduate degree in law with specialisation in Urban management from Singapore.

Mr. Ramakrishna Sataluri Non-Executive & Non-Independent Director

A seasoned and experienced professional with over 37 years of experience in various industries. In his last assignment, he superannuated from Tata Power Solar Ltd. after working with the Tata group for two decades. Holds distinguished in handling various record leadership roles in Operations, Retail and Enterprise functions.

Mr. V.S.S. Pavan Kumar Hari Independent Director

Indian

Currently working Institute of Technology, Bombay, as Associate Professor in the Department of Energy Science and Engineering. Prior to this, he has worked as a Post-doctoral Researcher at the Arizona State University in Electrical Engineering from Indian Institute of Science, Bengaluru.

in USA. Holds a PhD

Mr. Bhim Singh Independent Director

A SERB National Science Chair & Emeritus Professor, Department of Electrical Engineering, Indian Institute of Technology Delhi, has more than 45 years of facets of Electrical experience engineering like PV grid interface systems, micro grids, power quality monitoring and mitigation, solar PV. He holds a PhD in Electrical Power from Indian Institute of Technology (Delhi).

the various

Mrs. Vandana Bhagavatula Non-Executive Woman Independent Director

A qualified Chartered Accountant and Information Systems Auditor with 25 years of expertise in Auditing, Taxation, Valuations, and Compliance. She possesses an Extensive expertise in Audits, Compliance, Taxation, and strategic planning. She was the Proprietor of VB & Associates, Director at Aneja Associates, and holds Senior position in Compliance team at HDFC Bank Ltd. Currently She is a freelance consultant, specializing in financial audits, regulatory compliance, and business strategy.

Mr. Keyur Bipinchandra Thaker Independent Director

He is one of the faculty members of Indian Institute of Management, Indore, in the field of accounts and finance. He holds a doctorate in management from Hemchandracharya North Gujrat University, Patan.

Shakti’s Competitive Edge

Competitive Edge

 4+ decades of experience

 Leading player in the Solar Pumps industry

PIONEER

 Strong Industry Tailwinds provides further opportunity to grow

– Government’s continued focus to support farmer’s wellbeing

– Various Government Schemes to provide sustainable business

opportunities

INTEGRATED

 Integrated Manufacturing – critical components in-house

- VFD, Inverters and Structures

 End-to-end solutions provider

 Strong R&D Capabilities provides competitive edge

– Received 15 product patents till date out of 29 patents filed for its

unique products

DIVERSIFIED

 Diversified product range

 Varied range of applications

 Diversified customer mix

 Diversified across geographies

 Expanding product range and entering other businesses like

– EV Business

– Solar Rooftop

PIONEER

Since its inception in 1982, Shakti Pumps has pioneered the production of 100% energy-efficient stainless-steel submersible solar pumps & motors

Been in the Pumps Business since last 4 Decades

Started the SSI unit by Patidar Family

Listed on the Bombay stock exchange

Set up a separate SEZ Unit, expansion of main DTA Unit- total capacity of 5 Lacs Pumps

Corporate Excellence Award at National Conclave ‘Make In India'

Received R & D Recognition from Govt. of India, Ministry of Science & Tech (DSIR)

Implementation of PM-KUSUM Scheme

Started Electronic & Control Division in 2018, (VFD Division with capacity of 2,00,000 VFD per annum)

Received 1st patent

Received IMC RBNQ certificate of merit in manufacturing category

Received second patent from the US for making a high starting torque energy efficient motor

Successfully completed QIP Issue of ₹ 2,000 Mn

Received 7 new patents in 2024 till date

Total 15 patents received till date

1982

1986

1996

2003

2008

2009

2013

2014

2018

2019

2020

2021

2022

2023

2024

2025

Commencement of full- fledged manufacturing unit

Received quality marking system ‘CE mark’ Exports extended to 20 countries

1st company to received 5 Star Rating from BEE in pumping segment

Started solar Pumps, one of the first in Industry

Awarded Innovative Energy Saving Product Company by CII

Formed 100% Subsidiary to enter into EV Solutions like Motors, Controller, Chargers Phenomenal Arrival & Success of Plug N Play Pump

Commenced operations in Uganda to Supply Solar Powered Water Pumping System

Received major orders from the Govt. of Haryana, Uttar Pradesh, Maharashtra

Awarded Star Performer Award in product group at EEPC India National Awards for FY 20-21

Crossed ₹ 25,000 Mn in Revenue

Certified as “Great Place to Work“

Received Madhya Pradesh Best Employer Award, 2025

Successfully completed QIP Issue of ₹ 2,926 Mn

Huge Opportunity in Domestic & Exports Markets

₹ Billion

Global Overall Pumps Market Size

Global Submersible Pumps Market Size

Overseas Market

Global Solar Pumps Market Size

11.2%

11,240

8.7%

6,622

4,360

12.7%

3,414

10.3%

1,150

1,876

CY19

CY24

CY29

CY19

CY24

CY29

15.6%

942

14.0%

439

CY24

CY29

229

CY19

Domestic Overall Pumps Market Size

Domestic Submersible Pumps Market Size

Overseas Market

Domestic Solar Pumps Market Size

12.6%

403

7.6%%

222

154

11.7%

196

9.3%

113

FY19

FY24

FY29

FY19

FY24

FY29

Source: Industry Sources

CAGR

66.0%

32.6%

175

FY19

FY24

FY29

Domestic Market Potential of Solar Pumps in India

Particulars

Total No. of Farmers

Farmers with access to Pumps

No. of farmers with no access

No. of Diesel pumps

Avg. Cost of Pump *

Current Replacement Demand

Domestic Market Potential

~ 140-145 Mn

~ 30 Mn

~ 110-115 Mn

~ 8-9 Mn

₹ 0.25 Mn

~ 8-9 Mn

Additional Demand of Solar Pumps ^

~ 12-13.5 Mn

Total Opportunity

* Cost for 5HP Pump, Avg. Cost includes cost of Solar Panel ^ Based on 30% of marginal farmer who owns more than 1 hectare of land

Market Size

~ ₹ 2,200 Bn

~ ₹ 3,200 Bn

~ ₹ 5,500 Bn

Source: Industry Sources

Execution Process & Guidelines under PM KUSUM Scheme

General Mechanism Respective Nodal Agency of each state looks after the activities for New & Renewable Energy sector:

S T E P 1 :

Farmer submits interest for Solar equipment and contributes 10% to State Nodal Agency

S T E P 3 :

State Govt contributes 30% to 60% (including loan to farmer subsidized rates, if any) to State Nodal Agency

S T E P 5 :

Bidder supplies materials to farmers & completes installation

S T E P 7 :

Nodal Agency verifies the installation and releases the payment to the Bidder

S T E P 2 :

MNRE contributes 30% to State Nodal Agency (MNRE is controlled by Central Govt.)

S T E P 4 :

State Nodal Agency opens tender and issues work order to the bidder

S T E P 6 :

Bidder submits document to the Nodal Agency for release of payment against the work completed

100%

60%

State Government

30%

Nodal Agency

Work Order

Supplies to farmer

Installation

Document Submission

10%

Farmer

Payment

Nodal Agency

• Domestic Content Requirement (DCR) cell accounts for approximately 40-50% of the total cost of solar pump sets • There is a strict regulatory compliance with DCR norms that mandate use of locally manufactured components in projects including PM KUSUM, Magel Tyala

Saur Krushi Pump Scheme, Pradhan Mantri Krishak Mitra Surya Yojana, and others

Why Solar Pumps?

Adoption of solar energy-based irrigation and rooftop electricity generation will help reduce carbon footprint & achieve climate goals

Benefits to Farmers

Benefits to DISCOMs

Uninterrupted power supply helps farmers to adopt micro irrigation which results in superior crop quality and higher income

Farmers get immediate relief after solar connection, which would have taken 3 years due to application queues

Farmers become energy independent and self-reliant while being able to control the pump through RMS

Water conservation can be achieved by setting drive frequency inline to farmer's water requirement

Zero Capital Investment and reduction in financial burden of maintenance costs and running losses

Eliminate the need to supply free energy to farmers and reduce tariff subsidy burden of state govts.

Will help DISCOMs in meeting RPO targets and international commitment for CO2 emission reduction

Saving huge land banks required to establish Generation, Transmission & Distribution network

Solar Pumps aims to reduce T&D Losses

Average Billing Rate (in Rs. / kWh)

Transmission & Distribution Losses

Agriculture

Commercial

Domestic

Industrial

8.6

7.8

8.6

7.6

5.1

3.5

5.3

4.3

8.7

7.8

5.7

8.8

8.0

5.9

4.2

4.1

16.9%

16.6%

15.2%

14.8%

FY21

FY22

FY23

FY24

FY21

FY22

FY23

FY24

Source: https://iced.niti.gov.in

Why are Distribution Companies moving towards Installation of Solar Pumps?

•

• •

•

By embracing Solar Pumps, which enjoy free and stable energy from the sun, DISCOMs can achieve cost reductions in initial capital outlays, continuous subsidies, and energy wastage Switching to solar eliminates the operational and maintenance expenses incurred by DISCOMs Solar pumps also contribute to the reduction of transmission and distribution losses by generating power at the point of consumption itself Through the subsidies provided by central and state governments in these schemes, the government is able to cover up the losses of DISCOMs.

A Case Study on Maharashtra

Maharashtra Govt.’s Flagship Solar Irrigation Initiative – January 2019

Maharashtra Government Joint Hands with Central Government

Building on the success of MSKPY & PM KUSUM, launched a new scheme

Mukhyamantri Saur Krushi Pump Yojana (MSKPY)

Aimed to install 1,00,000 Off-Grid SPWPS in 3 phases over 3 years

Accomplished and the successfully implemented over 1 lakh pumps till 2022

target

•

PM KUSUM Scheme

• Maharashtra

is one of

the biggest

participant under the PM KUSUM Scheme

•

• Of the total sanctioned 5,55,000 Off-Grid SPWPS, 4,19,825 have been installed till 30th June 2025

• Over the last 18 months alone, the state has

installed over 3,40,000 Off-Grid SPWPS

Magel Tyala Saur Krushi Pump Yojana

The scheme was announced during the state’s budget session in 2024

• CM announced to install 3.5 Mn solar

pumps under this scheme

Why is Maharashtra Govt. focusing on Renewable Energy?

Target • Ways to Achieve Target • •

As announced in June 2025, Maharashtra govt. is aiming is to reduce electricity tariff by 26% over the next five years

Targeting residential users consuming less than 100 units of electricity per month (~70% of state electricity consumers) Support for farmers through solar power schemes aiming to provide consistent daylight electricity and reduce dependency on traditional sources Promoting renewable energy

• • Maharashtra has scaled solar rooftop uptake, surpassed 3.7 lakh households and continues to be a key leader under the PM Surya Ghar:

Muft Bijli Yojana

INTEGRATED

In-house manufacturing capabilities for all key components required for pumps and motor manufacturing, ensuring complete control over quality and supply chain efficiency

State-of-art Manufacturing Facilities – with strong technical capability

Main Unit (I) 3,50,000 per annum Pumps & Motors Capacity

 Spread across 16 acres

 4”, 6”, 8” & 10” Motor Manufacturing Plant

 Submersible & Industrial Pump Manufacturing Unit

 Solar structures

SEZ Unit (II) 1,50,000 per annum Pumps & Motors Capacity

 Spread across 3.15 acres

 100% stainless steel submersible pumps for exports

 Advanced and modern P&M to ensure superior quality

matching global benchmarks

Electronic & Control Unit (III) 4,00,000 per annum VFDs/Inverters Capacity

 Part of Unit I

 Japanese technology-based plant

 Suppling power electronics products outside SPIL also

 Backward Integration:

– In-house manufacturing all the key components required for pumps

and motor manufacturing

– Also manufacturing VFDs, Inverters & Structures

– Control on the manufacturing process, quality and the

corresponding benefits of cost efficiencies

 Forward Integration:

– Strong distribution and aftermarket channel with 60+ distributors,

500+ dealers and 400+ service centres in India

– Offer a comprehensive 5-year backend support service to farmers

– Developed the “Shakti Remote Monitoring System” a mobile app

allowing our customers to monitor their pumps remotely

Structures Unit (IV)  2,00,000 units per annum capacity

Capacity Expansion in Progress to Double existing Pump & Motor capacities

Offers End-to End solutions for Solar Pumping Systems

Solar DCR Cell and Panel (Currently procured domestically – setting up in-house capacities)

Inhouse manufacturing of critical components in Solar Pumping value chain

Surface pump

Pump Controller

Solar Mounting Structure

Ground level

Submersible pump

Well

Robust Research & Development Capabilities

R&D facility certified from Department of Scientific & Industrial Research, Gov. of India

Computerized Testing Facility to maintain high international standard

R&D wing supported by IIT Delhi under the Government of India’s Advanced Invention Scheme

Advanced R&D facilities to develop innovative products to capture newer opportunities

Received 15 product patents till date out of 29 patents filed for its unique products

Focus on technological innovation enhances product quality by fostering cutting-edge designs, which leads to increased acceptance of the products in the market, and thereby improves market share

Certifications & Approvals

UL Certificate

North America Component Certified

Certificate of Compliance

European Conformity Certified

ISO Certification

ISI Mark Certification

India’s First 5- Star rated pumps

Star Export House Certificate

DIVERSIFIED

Our diversified business model helps strengthening our overall business and ensures stability and resilience

Diversified Product Range with varied applications (1/3)

Shakti’s Range of Pumps

Submersible Pumps Stainless pumps with energy efficient duty points ranging 0.1-335 m3/h Application: Irrigation Systems, Groundwater lowering, Pressure boosting, Industrials

Vertical Multistage Centrifugal Pumps Non-self priming, installed in horizontal one-pipe system provides compact pump design & pipe work Application: Pumping of potable water and various industrial chemicals

Pressure Booster Pumps Horizontal, multistage pump integrated in compact design fitted to base plate for compact systems Application: Fluid transfer/circulation, pressure boosting, domestic, air-conditioning systems

Waste water Pumps Constructed in 100% AISI 304 stainless body with cast iron delivery casting, designed with vortex impeller Application: Lifting and draining waste-water with suspended solid bodies upto 50 mm

Solar Pumps Suitable for daytime irrigation for 6-8 hrs/day, power range 900W-4800W Application: Domestic & Industrials, villages, schools, nurseries, hospitals, cattle

Monoblock End Suction Pumps Non-self priming, single stage centrifugal volute pumps with axial suction port Application: Water supply, Industrial/high rise pressure boosting, liquid transfer

Open-well Pumps Dynamically balanced rotating part for minimum vibration, head range 8-28m Application: Water supply in high-rise, fountains, small farms, gardening

Plug and Play Pumps

2 wire motor without need of control box, for operation in 100 mm and above bore-wells Application: Domestic/residential water supply, gardening, washing systems, civil application

Diversified Product Range with varied applications (2/3)

Shakti’s Range of motors

Shakti’s Range of Controllers, Mounting structure and others

Submersible Motors Fitted with water lubricated radial and thrust bearings for maintenance free operation Application: Dependable operation in 4” or larger water wells

Kalpavriksha Universal Solar Pump Controller Designed for maximum utilization of solar power from single power product Application: Pump, thresher, chaff cutter, atta chakki

Surface Motors

Runs at synchronous speed in steady state, advantage of self-start& high efficiency Application: Dependable operation for 150mm diameter or larger water wells

DU/DT Filter Plug & play shock-proof, wide temp. range, 3-phase, IP 54 design Application: Reduces voltage spikes, common mode & bearing current

Start Synchronous Motors Dynamically balanced rotors, double shielded antifriction bearings, electric grade steel Application: Compressors, fans/blowers, flour / rolling mills, machine tools, cranes

Nandi Mobile app controlled, data logging, graphical LCD, rust-proof enclosure Application: HVAC, Conveyor Belt, industrial fans, solar pump

Shakti Solar Simha Drive

Rust-proof, rain-proof IP 65 design, plug & play installation Application: Driving various motors AC-IM, PMSM, S4RM, etc

Shakti Elite Soft starter

Patented Technology, soft start & stop protecting from stress Application: Agricultural & industrial 3 phase AC-IM & S4RM

Shakti RMS/IoT Dongle

Remote controlled, in-built data logger, GSM/Wi-Fi/Bluetooth Application: Agricultural & industrial 3 phase AC-IM & S4RM

Solar Module Mounting structure

Design to installation solutions to withstand wind speed upto 150 kmph Application: Roof with less & premium space, agriculture, pumping

Diversified Product Range with varied applications (3/3)

Electric Vehicles

Solar Rooftop

EV Steering & Compressor Motors

High performance designed motors with effective cooling system and IP67 rating ensuring quality

Controllers

Essential components of EVs that manage the power distribution, motor control, and overall performance of electric vehicles

EV Chargers

Powerful and efficient solution for charging Electric 2W and 3W, operating on a single-phase mains supply, capable of charging both lithium- ion and lead-acid batteries

Mounting Structures

Engineered to perfection, offering robust design, unmatched durability, and efficient space utilization

Sunshakti 2.0 Gridtie Inverter (Single Phase)

A high performance, transformer-less, high switching frequency based grid- tie Inverter with IP 65 ingress protection

Kalpavriksha Gridtie Inverter (3-10 kW; 3 Phase)

A high performance, transformer-less, high switching frequency-based grid-tie Inverter with IP 65 ingress protection

Varied Range of Applications - Provide less dependency on any one sector

Solar Channel partner with MNRE with top notch 1A ratings, pumps ranging from 0.5 HP to 300 HP that are simple to operate with remote monitoring system offering 50-60% more discharge

Domestic For domestic needs of bungalows, high-rise buildings, housing complexes and apartment. Ideally used for tasks such as water supply, over tank storage watering, gardens and fountains

Agriculture For agricultural needs like irrigation pumps, solar pumping solutions agricultural sprinkler system with pumps or with solar pumps

Industrial Used in industries for variety of purposes such as firefighting, sewage, heating & cooling of systems, washing, storage etc

Commercial Used in hotels, corporates, malls, high rises buildings, commercial premises where heavy pressure and boosting is required

Sewage & Drainage Offers wide range of necessities from draining flood water from various areas like basements, car parks, empty cesspools to managing sewage in a water treatment plant

Diversified Customer Mix

69%

67%

69%

77%

58%

FY21

FY22

FY23

FY24

FY25

19%

16%

24%

21%

17%

22%

15%

10%

Customers under Govt. Projects

Export Customers

Other Customers

• Supplies solar pumps to farmers

through various State Governments (PM KUSUM Scheme – Component B & C and Non-PM KUSUM)

• Grew by 37.5% CAGR during FY 2021-25

• Supplies water pumping systems along with industrial motors and pumps to 100+ countries

Supplies its pumps, motors & various other Equipments to customers like Industrial, OEM, Retail and Others

• Grew by 24.8% CAGR during FY2021-

Diversified across Geographies

Global Presence (100+ countries)

Revenue from Exports (₹ Mn)

FY25 Exports Revenue-mix

Europe

26 countries

North America

4 Countries

Asia 15 Countries

Middle East 26 countries

Africa 29 countries

Oceania 3 Countries

24.8% CAGR

4,368

2,861

2,348

1,800

1,851

FY21

FY22

FY23

FY24

FY25

Updates

RoW

13.8%

Asia

3.4%

Middle East

24.8%

United

States

14.7%

Africa

43.3%

 New orders which may translate into better overall margins as the segment has the strongest margin out of the other segments

 Secured contract worth USD 35.30 million from Government of Uganda for supplying solar-powered water pumping

 SPIL is also the part of International Solar Alliance (ISA) which have following demand:

– Aggregated demand for more than 2,70,000 solar pumps across 22 countries

– More than 1 GW of solar rooftop across 11 countries and

– More than 10 GW of solar mini-grids across 9 countries under its respective programmes

Key Projects undertaken in International Markets

Drinking Water Supply Project in Uganda

Irrigation Project in Saudi Arabia

Fountain Applications, South Korea

Fountain Applications, Vietnam

Hydroponics Applications, Thailand

Drinking Water Supply Project, Male

Drinking Water Supply, Bhutan

Fountain Applications, Algeria

Presence in Industrial, OEMs and Others

Revenue from Other Businesses

(₹ Mn)

2,074

1,786

1,394

1,408

1,119

FY21

FY22

FY23

FY24

FY25

Industrial Customers

Our products are used in industries for variety of purposes such as fire-fighting, sewage, heating & cooling of systems, washing, storage, etc.

OEM Customers

Under this, the company sells its products to solar OEM players (L&T, Mahindra, REIL, Adani & Tata Power). However, SPIL is currently focusing less on this business and pushing their own sales into the market to gain the market opportunities

300

FY25 Revenue (₹ Mn)

1,009

Industrial

OEM

Others

Other Customers

Our products are also used for domestic needs in bungalows, housing complexes, and for sewage purposes to drain flood water from basements, car parks, etc.

The products are also used in hotels, corporates, malls, high rises buildings and commercial premises

Other Businesses include

Further expanding in Retail / Cash business

About Retail Business

Benefits to farmers of buying in Retail

➢ We provide our products and services to customers both directly

and via a network of dealers and distributors

➢ Our sales and marketing team consistently engages with customers, distributors, sales reps, and agents to stay abreast of evolving customer needs and market dynamics

➢ Teams channel customer feedback to our design and engineering

teams for product refinement and innovation

➢ Expands our product distribution, deepen market presence, and

broaden our product range in existing markets

➢ Recently opened 100+ Exclusive Outlets

Through Govt. Subsidy

Directly through Distributors

Pump Cost (5 HP)

Subsidy

Cost to Farmer

Difference

₹ 2,50,000

50%

Nil

₹ 1,25,000

₹ 2,50,000

+ ₹ 1,25,000

Company has associations with financial institutions to provide access to funds with interest free instalments for farmers

Eliminates waiting period

Guarantee of Quality

Direct dealing with Company

Targeting New Opportunities - Electric Vehicles Segment

With a view towards incorporating Climate Change in its purview, Shakti EV Mobility Pvt. Ltd. was incorporated as a wholly-owned subsidiary by SPIL in December 2021

The subsidiary is engaged in the manufacturing and sale of EV motors, chargers, controllers and other items

SPIL Board has approved investments of ₹ 114.3 crores in Shakti EV Mobility, in one or more tranches over 5 years; The consolidated investment of SPIL in the subsidiary has now reached ₹ 50.0 Crores

Shakti EV has already catered to the two-wheeler, three-wheeler and four-wheeler segments and is in the process of testing and developing of other products

Recently been granted a patent for their ground-breaking invention of “Stack Assembly for Permanent Magnet Rotor”. This innovation is a significant advancement that promises to revolutionize the performance and efficiency of electric vehicles

Opportunity

The Electric Vehicle Industry is expected to reach 10 million in sales by 2030;

growing at a 49% CAGR between 2022-30

Targeting New Opportunities - Solar Rooftop

PM Surya Ghar: Muft Bijli Yojana

Benefits of Solar Rooftop

 PM Surya Ghar: Muft Bijli Yojana is a government scheme that aims to provide free electricity to households in India, launched by PM Narendra Modi on February 15, 2024

 Under the scheme, households will be provided with a subsidy of up to 40%

of cost of solar panels for installation on their roofs

 There is a strict regulatory compliance with DCR norms that mandate use of

locally manufactured components in this scheme

 The scheme is expected to benefit 1 crore households across India and will

save the government Rs. 75,000 crore per year in electricity costs

 In the 1st Year, the scheme installed over 8.6 lakh solar panels and

subsidies worth Rs. 4,966 Crores have been released

 Roadmap to 1 crore households:

- March 2025: 10 lakh

- October 2025: 20 lakh

- March 2026: 40 lakh

- March 2027: 1 crore

Consumer savings on electricity bills

Utilizes vacant rooftop space; no extra land needed

Short lead time for setup

No need for new Transmission & Distribution (T&D) infrastructure

Lower T&D losses due to proximity of generation and consumption

Enhances tail-end grid voltages and eases system congestion

Aids in managing daytime peak loads for DISCOMs

Contributes to energy security through lower carbon emissions

* Source: Mordor Intelligence

Indian Solar Rooftop Market is expected to reach 41.52 GW in installed base by 2030;

Opportunity*

growing at a 19% CAGR between 2025-30

Offers End-to End solutions for Solar Rooftop

Inhouse manufacturing of critical components in Solar Rooftop value chain

Shakti Solar Rooftops – Installation Sites

Designed for reliability, sustainability, and long-term returns—backed by India's trusted brand in green energy – “SHAKTI”

Shakti has installed solar rooftops in major states in India including MP, Maharashtra, UP, Rajasthan, etc.

Key Strengths

Established industry presence with a proven track record, driving strong brand recognition for its products

A leading player in the PM KUSUM Scheme holding a significant market share in key agricultural states

Fully Integrated manufacturing facilities enabling comprehensive end-to-end pumping solutions

A diversified portfolio of high-quality products, serving a wide range of industries

In-house manufacturing of critical components

Wide Global Coverage and an Extensive Domestic Network

Robust research and development capabilities

Strong and experienced management

Financial Highlights

Management Commentary on Q1FY26 Performance

“We are pleased to report a strong start to FY26, reflecting the strength of our diversified business model. Our performance this

quarter was driven by robust execution in the solar pump segment, consistent export momentum, and strategic investments in

capacity and technology.

We continue to lead the PM-KUSUM scheme with approximately 25% market share across major Indian agricultural states. As of 1st

August 2025, our order book stood at approximately Rs. 13,500 Mn, supported by steady inflows and active participation in tenders

across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc. Our presence in these

markets, built over more than a decade, positions us well to capitalise on the growing demand.

The rooftop solar segment is also gaining traction, supported by government initiatives such as PM Surya Ghar: Muft Bijli Yojana.

We are actively expanding our footprint in this space, alongside our efforts in the domestic, industrial, and EV segments. Our

export business continues to be a key growth lever, delivering a ~25% CAGR over the past four years. With successful projects in

Haiti, Uganda, Bangladesh, Nepal and growing demand from USA, Middle East and Africa, we remain confident in our ability to

sustain this momentum.

Operationally, we have made significant progress in optimizing our working capital cycle. Receivable days have improved from

178 in FY24 to 152 in FY25, and we are targeting a return to approximately 120 days by end of FY26.

Mr. Dinesh Patidar Chairman

We are executing a capex plan of Rs. 17,000 Mn, which includes:

• Doubling capacity for pumps, motors, VFDs, and solar structures (Rs. 2,500 Mn)

• Establishing an EV motor and charger facility under Shakti EV Mobility Pvt Ltd (Rs. 2,500 Mn)

• Setting up a 2.2 GW solar DCR cell and solar PV module plant in Pithampur, Madhya Pradesh (Rs. 12,000 Mn)

We successfully raised Rs. 2,926 Mn through a QIP, which will partially fund our solar DCR cell and solar PV module manufacturing

project. The balance will be financed through internal accruals and debt.

Looking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory over the next 3–

4 years. Our strategic focus on clean energy, backed by operational discipline and a strong order pipeline, positions us well for

long-term value creation.”

Strong Order Book

CURRENT OUTSTANDING ORDER BOOK as on 01st August 2025

Order Value* (₹ Mn)

COMPONENT B - Off-Grid Solar Photovoltaic Water Pumping Systems

 Maharashtra State Electricity Distribution Company Limited (MSEDCL) &

Maharashtra Energy Department Agency (MEDA)

 Haryana Renewable Energy Department (HAREDA)

 Department of Agriculture, Uttar Pradesh

 Others (RHDS, Rajasthan; JREDA, Jharkhand; and MID, Uttarakhand)

Magel Tyala Saur Urja Yojana, Maharashtra (Off-Grid SPWPS)

COMPONENT C - Grid Connected Solar Water Pumping Systems

 Ajmer Vidyut Vitran Nigam Limited

UGANDA and Other domestic and export projects

Total Outstanding Order Book

Expecting substantial order inflow in next few months from various states

1,361

920

3,674

228

3,934

1,376

2,007

~13,500

* Inclusive of GST

Q1FY26 Key Financials Charts

Revenue (₹ Mn)

6,225

5,676

EBITDA (₹ Mn)

1,436

1,359

Q1FY25

Q1FY26

Q1FY25

Q1FY26

PAT (₹ Mn)

EPS (₹)

8.1

927 927

968

7.7

1,300

1,200

1,100

1,000

900

800

700

600

500

Q1FY25

Q1FY26

Q1FY25

Q1FY26

* Historical EPS is adjusted for bonus issue in the ratio of 5:1 i.e. 5 (five) bonus equity shares of Rs.10 each for each share

Q1FY26 Consolidated Income Statement

Particulars (₹ Mn)

Q1FY26

Q1FY25

Revenue from Operations

EBITDA

EBITDA Margins %

Finance Cost

Depreciation and Amortization Expense

Other Income

PBT

Total Tax

PAT

PAT Margins %

Cash Profit

Basic EPS (₹) *

6,225

1,436

23.1%

1,297

328

968

YoY

9.7%

5.7%

FY25

25,162

6,030

5,676

1,359

23.9%

(87 bps)

24.0%

1,256

3.2%

329

927

4.5%

443

200

171

5,558

1,474

4,084

16.2%

4,284

34.0

15.6%

16.3%

(77 bps)

1,029

8.1

974

7.7

4.4%

FY24

YoY

13,707

83.6%

2,248

16.4%

195

190

1,899

482

1,417

168.2%

756 bps

192.7%

188.2%

10.3%

589 bps

1,608

12.8

165.0%

* Historical EPS is adjusted for bonus issue in the ratio of 5:1 i.e. 5 (five) bonus equity shares of Rs.10 each for each share

Key Financial Highlights

Revenue driven by improved demand of Solar pumps (₹ Mn)

Break-up of Operating Costs as a % of Revenue

Revenue

EBITDA

PAT

Cost of Materials Consumed

Other Expenses

Employee Cost

25,162

9,297

1,413

756

11,785

9,677

1,105

648

666

241

13,707

2,248

1,417

6,030

4,084

4.7% 9.4%

70.6%

4.4% 9.4%

5.5% 10.8%

76.8%

4.8% 11.7%

67.1%

4.0% 9.8%

62.3%

F Y 2 1

F Y 2 2

F Y 2 3

F Y 2 4

F Y 2 5

FY21

FY22

FY23

FY24

FY25

Margins showing improvement on the back of better operating leverage

Customer-wise revenue (₹ Mn)

EBITDA Margin

PAT Margin

Cash Profit Margin

Customers under Govt Projects

Export Customers

Other Customers

15.3%

10.1%

8.1%

9.4% 7.1% 5.5%

FY21

FY22

6.9% 4.4%

2.5% FY23

24.0%

17.0%

16.2%

16.4%

11.7%

10.3%

FY24

FY25

2,070

1,800 5,420

FY21

1,786

1,851

8,148

FY22

876 2,348

6,453

FY23

1,408

4,368

19,386

1,395

2,861

9,451

FY24

FY25

Key Financial Highlights – Key Ratios

Optimum Capital Structure with High Coverage Ratio (x)

Despite growing revenues, receivable days have declined to 152 days from 178 days in FY24

Gearing

Interest Coverage Ratio

Debt Service Coverage Ratio

8.8

4.5

7.1

3.9

3.5

3.2

11.5

9.3

13.6

10.7

0.2

0.1

Average Debtors (Days)

Average Inventory (Days)

Average Creditors (Days)

104

119

115

102

178

172

118

152

108

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

ROCE

ROE

27.9%

22.2%

FY21

18.4%

16.5%

FY22

Return Ratios

24.5% 18.8%

9.8%

5.8%

43.9%

35.2%

50.0%

45.0%

40.0%

35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

FY23

FY24

FY25

Consolidated Income Statement

Particulars (₹ Mn)

Revenue from Operations

EBITDA

EBITDA Margins %

Finance Cost

Depreciation and Amortization Expense

PBT

Total Tax

PAT

PAT Margins %

Cash Profit

Basic EPS (₹) *

FY21

9,297

1,413

15.2%

162

184

1,104

349

756

8.1%

940

6.9

FY22

11,785

1,105

9.4%

157

186

823

175

648

5.5%

834

5.9

FY23

9,677

666

6.9%

192

184

322

241

2.5%

425

2.2

FY24

13,707

2,248

16.4%

195

190

1,899

482

1,417

10.3%

1,607

12.8

FY25

25,162

6,030

24.0%

443

200

5,558

1,474

4,084

16.2%

4,284

34.0

* Historical EPS is adjusted for bonus issue in the ratio of 5:1 i.e. 5 (five) bonus equity shares of Rs.10 each for each share

Consolidated Balance Sheet

Particulars (₹ Mn)

Mar’ 21

Mar’ 22

Mar’ 23

Mar’ 24

Mar’ 25

Assets

Net Fixed Assets

Other Non-Current Assets

Current Assets

Total Assets

Liabilities

Net Worth

Other Non-Current Liabilities

Term Loans

Working Capital Secured Loans

Current Liabilities

Total Liabilities

1,481

214

5,009

6,705

1,463

7,126

8,637

3,406

3,932

177

198

588

2,336

6,705

137

957

3,517

8,637

1,481

152

5,620

7,253

4,181

145

710

2,193

7,253

1,878

175

12,450

14,503

7,557

829

6,019

14,503

2,595

490

16,659

19,744

11,611

436

353

1,324

6,020

19,744

Consolidated Cash Flow Statement

Particulars (₹ Mn)

Cash Flow from Operating Activities

Profit Before Tax

Adjustment for Non-Operating Items

Operating Profit before Working Capital Changes

Changes in Working Capital

Cash Generated from Operations

Income Tax Paid

Net Cash from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Net increase/ (decrease) in Cash & Cash Equivalents

Cash & Cash Equivalents at the beginning of the period

Cash & Cash equivalents at the end of the period*

Mar-24

Mar-25

1,899

338

2,237

(1,381)

857

(360)

497

(615)

1,913

1,796

110

1,906

5,558

634

6,192

(4,632)

1,560

(1,355)

205

(1,980)

439

(1,336)

1,906

570

Annexures

Corporate Structure – Providing Global Presence

Shakti Pumps (India) Limited

Domestic

Foreign

Shakti Energy Solutions Ltd

Shakti Pumps (USA, LLC)

Shakti Energy - 100% WOS has 1,00,000 solar structures annual capacity located in Pithampur (MP), Currently only doing captive production while have plans to sell to other players as well

100% WOS based out of USA

FY2025 Revenue: ₹ 535 Mn

FY2025 Revenue: ₹ 2,168 Mn

Shakti Pumps (FZE, UAE)

100% WOS based out of UAE

Shakti EV Mobility P Ltd*

FY2025 Revenue: ₹ 294 Mn

Shakti EV Mobility P Ltd* - Formed 100% Subsidiary on Dec 2021 to enter into EV Solutions like Motors, Controller, Chargers

FY2025 Revenue: ₹ 38 Mn

Shakti Pumps (Bangladesh) Ltd

100% WOS based out of Bangladesh

FY2025 Revenue: Nil

Strong Technological Advancements…

Patent Name

Benefits from the Technology

Unidirectional Solar Water Pump with Grid Tied power Generation

Enhances efficiency by feeding excess power to the grid and conserves water and electricity by adjusting the pump's discharge according to the water requirement.

High Starting Torque Direct Line Operated Energy Efficient Motor (Shakti Slip Star Synchronous Run Motor ‐ S4RM)

Delivers 5-10% more efficiency and up to 15% improved power factor over standard motors, cutting energy costs and carbon emissions

Switching Circuit To Start Single Phase-Induction Motor

Simplifies single-phase and submersible motor design by removing capacitors and conductors, reducing voltage issues, and improving switching accuracy

High Starting Torque Direct Line Operated Energy Efficient Motor (Shakti Slip Star Synchronous Run Motor ‐ S4RM) – US Patent

Enhances efficiency, reduces electric consumption and costs, benefits the environment, increases pump discharge rates, and minimizes energy losses,

ADA Conversion Based Contactor Less Soft Starter

Provides a smooth motor start and stop, extends motor life, and offers precise control, making it ideal for various industrial applications and particularly beneficial for PMSMs

Stack Assembly for Permanent Magnet Rotor

Increases electric motor efficiency, extends EV range, reduces energy losses and operating temperature, and enhances load capacity and torque

Grinder Pump Assembly with Adjustable Impeller

Streamlines wastewater treatment by grinding solids for better manageability and efficiency with innovative cutter and impeller technology

Helical Pump Assembly

Halves solar panel requirements in drinking water applications, adapts to sunlight peaks, fits remote areas, and aims for sustainable growth in water-limited and sensitive environments

Strong Technological Advancements…

Patent Name

Benefits from the Technology

Solar Flour Mill

Addresses electricity scarcity in rural areas, reduces costs and pollution, and supports farmers' additional income

Surface Helical Pump Construction with Collinear Flow

Ensures consistent water flow despite RO membrane blockages, enhancing efficiency, reducing maintenance costs, and supporting sustainability in the RO industry

Helical Pump Arrangement with Anti Vibration

Extends motor and product life, increases durability, and offers a cost-effective solution with reduced maintenance needs

Impeller Seal Arrangement for Multistage Sheet Metal Casing

Increases pump efficiency and reducing frictional losses in pump. And also reduce the cost of pump maintenance.

Methods & Apparatus for Soft Starting and Stopping a Motor

Improves motor and grid efficiency, reduces stress, controls start-up, limits inrush current, and works with generator-fed AC motors for longer lifespan and cost savings

Method and Apparatus for Soft Star, Soft Stop, Protection & Brown Out Operation of a Grid- Connected Motor

A gradual motor ramp-up minimizes mechanical stress and surges, thereby extending equipment lifespan and enhancing reliability in electrical systems

Starting Direction Control Based Position Sensorless PMBLDC Motor Drive for Irrigation

A cost-effective, reliable sensorless starting technique, enhancing performance in submersible pumps and solar energy applications

ESG Initiatives for Sustainable Growth of Business

Environment Empathy

Social Responsibility

Corporate Governance

 The Company has diversified into solar energy operated pumps and rooftop products and have a cumulative installed capacity of over 612MW which manifest its commitments to green energy initiatives.

 The Company ensures sustainable use of

resources and invests in sustainable technologies to reduce environmental footprint.

 Installation of solar pumps and systems

 The Company is committed to sound

across multiple villages in India

 Adoption of school, free medical facilities

& health camps for needy people

 Donation towards construction of Girl’s Hostel building in Badwani Dhar (MP)

principles of Corporate Governance with respect to all of its procedures, policies and practices.

 The governance processes and systems are continuously reviewed to ensure that highest ethical and responsible standards are being practiced by the Company.

PM KUSUM – Progress till Date

State Nodal Agency

Project

Farmer Share

State Share

MNRE Share

Total

State

Rajasthan

Haryana

Punjab

RHDS - Jaipur

HAREDA - Panchkula

PEDA - Chandigarh

PM-KUSUM

40%

25%

PM-KUSUM

15% - SC, 20% - Gen.

Himachal Pradesh

SDSCO - Shimla

PM-KUSUM

15% - SC, 20% - Gen.

Gujarat

GUVNL - Vadodara

Madhya Pradesh

MPUVN - Bhopal

Chhattisgarh

CREDA - Raipur

PM-KUSUM

SSY-5 & 6

40%

35%

Maharashtra

MSEDCL – Mumbai

(T-03 & T-04)

5% - SC/ST, 10% - Gen/OBC

Progress under PM KUSUM

30%

45%

30%

35%

95%

95% 90%

30%

100%

Amount Sanctioned by Central Government for PM Kusum Scheme *

Details

Installed Pumps under Component B ^ (Nos)

Particulars (Rs. Crores)

Rajasthan

Maharashtra

Haryana

Uttar Pradesh

Punjab

Jharkhand

Other States

Total

FY22

153.5

9.6

161.1

13.7

23.7

44.4

FY23

247.6

138.0

82.3

31.1

20.0

34.7

FY24

49.4

330.2

429.7

92.3

5.4

2.3

91.3

406.0

801.4

1000.6

Sanctioned Pumps

Installed Pumps

Installed by SPIL

13,12,234

8,40,947

1,57,297

* Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1941148

^ Source: https://pmkusum.mnre.gov.in/landing.html As on 30th June 2025

Shakti Pumps (India) Limited

Dinesh Patel Chief Financial Officer dinesh.patel@shaktipumps.com

Ernst & Young LLP

Vikash Verma / Rohit Anand / Riddhant Kapur vikash.verma1@in.ey.com rohit.anand4@in.ey.com riddhant.kapur@in.ey.com

Thank You

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