SHAKTIPUMP

Date: - 25/07/2026 To, To, The Secretary, The Secretary, Listing Department Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street Mumbai - MH 400051. Mumbai- MH 400001. REF: -(ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP Sub.:-Investor Presentation pursuant to Regulation 30 of the SEBI (List ing Obligat ions a nd Disc losure 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, For Shakti Pumps (India) Limited Y ours Faithfully, Ravi Patidar Company Secretary Encl.:As above Shakti Pumps (India) Limited Q1FY27 INVESTOR PRESENTATION SHAKTIPUMP 531431 NSE BSE © 2026, All Rights Reserved -www.shaktipumps.com Safe Harbour Statement 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. 2 © 2026, All Rights Reserved -www.shaktipumps.com Table of Contents 1 Investment Rationale 2 Company Overview 3 Financial Highlights © 2026, All Rights Reserved -www.shaktipumps.com Investment Rationale © 2026, All Rights Reserved -www.shaktipumps.com Shakti Pumps at a Glance India’s only fully vertically integrated solar pumping company – in-house pumps, motors, controllers, VFDs, structures and inverters – with 40+ years of engineering legacy and execution footprint in both domestic and international markets Business Overview Diversified Business Product-wise Customer-wise The leading manufacturer of fabrication technology- based products, powering India’s Irrigation Revolution Solar Complete Systems (SWPS) Government Projects with its Range of solar and other pumping Submersible (Sets, Motors & Pumps) Exports solutions Solar (Sets, Motors & Pumps) Industrial Others (Surface, Industrial & Others) With 4+ decades of industry presence, Shakti Pumps is OEM Solar Rooftop one of the few companies with the competency to Retail & Others manufacture pumps and motors in-house Motors & Controllers for EVs 500+ 1,200+ 400+ Holds 15 patents and delivers unique proprietary products through in-house Research, Design and Dealers in Product Service Development; SPIL is India’s 1st 5-star Rated Pump India Variants Centres Manufacturer Integrated Manufacturing Facilities One of the biggest beneficiary under the PM KUSUM 5,00,000 2,00,000 4,00,000 scheme; holds ~25% market share in the scheme; with a strong export presencein 100+ countries Pumps &Motors Structures Inverters & (Combined Capacity) VFDs 5 © 2026, All Rights Reserved -www.shaktipumps.com Investment Thesis Integrated Capability Supports Category-Defining Market Leader Execution at Scale ~25% share under PM-KUSUM with the widest, deepest Only player with truly end-to-end in-house manufacturing execution track record and India’s only fully in-house across pumps, motors, VFDs, controllers, structures & manufacturing model in solar pumping inverters Building the Next Growth Vectors A Structural, Policy-Backed Market Beyond Core Solar Pumping Opportunity Solar Rooftop and EV motors/controllers offer call options A ₹ 5.5 Trillion addressable opportunity, KUSUM 2.0 on on India’s broader clean-energy transition, funded from the the horizon, and continued government commitment to existing cash-generative core business diesel-to-solar irrigation transition Investing Ahead of the Next Demand Wave Disciplined Execution Approach ₹ 17,000 Mn capex programme — doubled core capacity Management follows a focussed approach to trade near- plus a 2.2 GW solar cell/module plant — positions the term revenue and margin for balance-sheet quality; a Company to capture the next demand wave and improve signal of governance maturity margins structurally 6 © 2026, All Rights Reserved -www.shaktipumps.com Category-Defining Market Leader Deployment scale rose sharply as government-led water and clean-energy programmes continued to drive demand Government Business 86,086 +20% 2.58 lakh+ Solar Pumps installed in FY26 FY26 YoY Installation growth Cumulative Solar Pumps Installedtill date PM-KUSUM Advantage Broadening Geographic Footprint Leading Market Entry Across Major States With an estimated ~25% market share under Entry into Karnataka along with an established PM-KUSUM, Shakti Pumps enters the next policy presence across Maharashtra, Rajasthan, Majorly remained first mover in all the cycle with proven execution capacity and field Haryana, Punjab, UP and MP, supports repeat major states credibility tender wins Export Business Emerging Retail / Cash Sales Business Asia Africa 3.8% ₹ 4,110 Mn – 33.4% RoW ₹ 770 Mn – Revenue from Cash Sales in FY26 Export Revenue in FY26 2.6% A non-tender, retail / distributer-led channel that diversifies revenue away from pure government dependence and improves working capital efficiency as payments are collected faster United States 19.1% Middle East 7 41.1% © 2026, All Rights Reserved -www.shaktipumps.com Integrated Capability Supports Execution at Scale From Raw Material to Farm-gate Installation — Shakti Pumps controls every link of the solar pumping value chain In-House Manufacturing Empanelment & Order Execution & Installation Multi-Channel Revenue Pumps, motors, controllers, VFDs, Wins state & central orders Design, manufacture, supply, install, Government tenders, exports (100+ structures & inverters —built in- (PM-KUSUM, Magel Tyala, etc.) test and commission at farm level countries), dealer network & cash house, not assembled sales 4 Integrated manufacturing facilities in Pithampur, Madhya Pradesh 15 / 29 Patents Inhouse manufacturing of critical components in Solar Inhouse manufacturing of critical components in Solar Granted / Filed Pumping value chain Rooftop value chain 8 © 2026, All Rights Reserved -www.shaktipumps.com A Structural, Policy-Backed Market Opportunity ₹ 5.5 Trillion - Total Potential Market for Solar Irrigation, New Installation plus replacement of Existing Diesel Pumps Demand Tailwinds PM KUSUM 2.0: India’s Next Wave of Agricultural Pump Solarization 12-13.5 Mn 8-9 Mn Additional Demand of Solar Diesel Pumps Pumps Replacement Demand What the Opportunity Unlocks 01 Policy-backed tender pipeline Execution Scoreboard (PM-KUSUM Portal, 30 Jun 2026) Central and state allocations create recurring tender visibility Details Component B ^ Sanctioned Pumps 13,07,190 02 Execution becomes the moat States need vendors that can install, commission and service Installed Pumps 11,24,074 thousands of pumps across dispersed villages Installed by SPIL under KUSUM Scheme 1,90,698 Installed by SPIL under Non -KUSUM Scheme 66,926 03 Installed base drives follow-on demand Service, spares, controllers and replacement cycles Total Solar Pumps Installed by SPIL 2,57,624 become a growing after-market around the pump ^ Source: https://pmkusum.mnre.gov.in/landing.html base. As on 30thJune 2026 9 © 2026, All Rights Reserved -www.shaktipumps.com Building the Next Growth Vectors Beyond Core Solar Pumping Actively diversifying revenue streams to capture India’s Renewable Energy Opportunity Solar Rooftop — Shakti Energy Solutions Ltd. Electric Vehicle Motors & Controllers — Shakti EV Mobility Pvt. Ltd. Leverages Shakti’s power-electronics expertise — the inverter is • Built on ~8 years of in-house power-electronics experience from VFD positioned as the heart of the rooftop solution manufacturing — motors and controllers designed entirely in-house • Cumulative investment of ₹ 700 Mn till July 2026, out of a planned 10% 90+ ₹1,140 Mn capex Better Generation versus Dealers Onboarded – • Long approval and validation cycles typical of the automotive sector competing inverters –as per Growing Partner / early customer/ partner Distributor Network mean this is a medium-term optionality rather than a near-term feedback revenue driver • Positions Shakti Pumps to participate in India’s broader EV and clean- mobility transition Targets the fast-growing PM Surya Ghar Muft Bijli Yojana opportunity — 63 lakh+ applications and 32 lakh households benefitted as of May 2026, with a 1-crore-household target by FY27E 10 © 2026, All Rights Reserved -www.shaktipumps.com Investing Ahead of the Next Demand Wave A ~ ₹ 17,000 Mn phased capex programme positions Shakti Pumps to double core capacity and enter solar cell/module manufacturing Doubling Core Capacities 0.5 GW DCR Module EV Motors & Controllers Expected commissioning by Pumps, Motors, VFDs & Solar September 2026 - a direct near- Cumulative investment of ₹ term lever for margin improvement Structures — 700 Mn in subsidiary Shakti via reduced module dependency New capacities expected to come EV Mobility (of a planned Rs. online from Q3 FY27 114 Mn); products now at 2.2 GW Solar DCR Cell & Module vehicle-level trials with auto Greenfield capacity expansion at OEMs Pithampur, expected to commission by FY28 Backward Integration Benefits Secure Solar Cell Supply | Improve Cost Optimisation | Enhanced Long-term Profitability Backward integration and increased scale are expected to support long-term profitability 11 © 2026, All Rights Reserved -www.shaktipumps.com FY26 – A Year of Disciplined Execution A year of Disciplined Execution: Scale reached new highs while management moved cash conversion and capacity readiness to the center of the story. 01 02 03 04 Record Execution Financial Discipline Growth Runway Optionality Ahead FY26 Revenue reached ₹ Management prioritises Order book, policy support Solar DCR, rooftop, exports 26,976 Mn, delivering the Balance Sheet discipline and ₹ 17,000 Mn capex and EV adjacencies highest revenue in company over near-term growth plan create a visible clean- broaden the long-term history energy growth runway prospects ₹ 26,976 Mn ₹ 4,217 Mn ₹ 2,576 Mn 0.3x IND AA-/Stable FY26 Revenue FY26 EBITDA FY26 PAT Debt-Equity as on LT Credit Rating from 31/03/2026 India Ratings 7.2% 15.6% 9.5% Revenue YoY FY26 EBITDA Margin FY26 PAT Margin 12 © 2026, All Rights Reserved -www.shaktipumps.com Company Overview © 2026, All Rights Reserved -www.shaktipumps.com Been in the Pumps Business since last 4 Decades Started the SSI Listed on the Set up a separate SEZ Corporate Excellence Received R & D Implementation of Received 1st patent Successfully completed unit by Patidar Bombay stock Unit, expansion of main Award at National Recognition from Govt. of PM-KUSUM QIP Issue of ₹ 2,000 Mn Family exchange DTA Unit-total capacity Conclave ‘Make In India, Ministry of Science Scheme Received IMC RBNQ of 5 Lacs Pumps India' & Tech (DSIR)​ certificate of merit in manufacturing category Received 7 new patents Started Electronic & in 2024 till date Control Division in 2018, Received second patent (VFD Division with capacity from the US for making a Total 15 patents of 2,00,000 VFD per high starting torque received till date annum) energy efficient motor 1982 1986 1996 2003 2008 2009 2013 2014 2018 2019 2020 2021 2022 2023 2024 2025 Commencement of full- Received quality marking 1stcompany to Started solar Pumps, one Awarded Innovative Formed 100% Commenced Crossed ₹ 25,000 Mn in fledged manufacturing unit system ‘CE mark’ Exports received 5 Star Rating of the first in Industry Energy Saving Product Subsidiary to enter operations in Uganda Revenue extended to 20 countries from BEE in pumping Company by CII into EV Solutions like to Supply Solar segment Motors, Controller, Powered Water Certified as “Great Place Chargers Pumping System to Work“ Phenomenal Arrival & Success of Plug N Play Received Madhya Pump Received major orders Pradesh Best Employer from the Govt. of Haryana, Award, 2025 Uttar Pradesh, Maharashtra Successfully completed QIP Issue of ₹ 2,926 Mn Awarded Star Performer Award in product group In Oct 2025, received an at EEPC India National ICRA ESG impact Rating Awards for FY 20-21 of 75 (good) 14 © 2026, All Rights Reserved -www.shaktipumps.com Comprehensive Business Model Motors, Controllers & Solar Pumps Exports Solar Rooftop Chargers for Electric Vehicles Govt. Projects Covering all major Industrial continents with a presencein Retail 100+ countries OEM & Others ₹ 22,321 Mn ₹ 4,111 Mn FY26 Revenue FY26 Revenue Market Leader at an Inflection Point 15 © 2026, All Rights Reserved -www.shaktipumps.com Marquee Projects undertaken by Shakti Pumps Drinking Water Irrigation Maha Kumbh Mela, Uttar Pradesh Supply Project, Project, Saudi Uganda Arabia De-watering Project at Burj Khalifa, Dubai Hydroponics Drinking Water Applications, Supply Project, Thailand Male De-watering Project at One Za'abeel Tower, Dubai Other Major Projects in India Fountain Fountain Applications, Applications, • Bharat Mandapam, • Statue of Unity, De-watering South Korea Vietnam New Delhi Gujarat Project at • Akshardham Temple, • JK Temple, Kanpur, Hyatt Place New Delhi Uttar Pradesh Hotel, Dubai • Akshardham Temple, • Anasagar Lake, Ahmedabad, Gujarat Ajmer, Rajasthan Drinking Water Fountain Fountain Supply, Bhutan Applications, Algeria Pumps Project in USA 16 © 2026, All Rights Reserved -www.shaktipumps.com State-of-art Manufacturing Facilities – with strong technical capability Main Unit (I) Backward Integration: 3,50,000 per annum Pumps & Motors Capacity • Spread across 16 acres • In-house manufacturing all the key components required for pumps and • 4”, 6”, 8” & 10” Motor Manufacturing Plant motor manufacturing • Submersible & Industrial Pump Manufacturing Unit • Also manufacturing VFDs, Inverters & Structures • Solar structures • Control on the manufacturing process, quality and the corresponding benefits of cost efficiencies SEZ Unit (II) 1,50,000 per annum Pumps & Motors Capacity • Spread across 3.15 acres Forward Integration: • 100% stainless steel submersible pumps for exports • Advanced and modern P&M to ensure superior quality • Strong distribution and aftermarket channel with 60+ distributors, 500+ matching global benchmarks 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 Electronic & Control Unit (III) our customers to monitor their pumps remotely 4,00,000 per annum VFDs/Inverters Capacity • Part of Unit I • Japanese technology-based plant Structures Unit (IV) • Suppling power electronics products outside SPIL also 2,00,000 units per annum capacity Capacity Expansion in Progress to Double existing Pump & Motor capacities 17 © 2026, All Rights Reserved -www.shaktipumps.com Diversified Customer Mix FY23 FY24 FY25 FY26 77% 77% 67% 69% 24% 21% 17% 15% 9% 10% 6% 8% Customers under Govt. Projects Export Customers Other Customers • Supplies solar pumps to farmers through • Supplies water pumping systems along Supplies its pumps, motors & various other various State Governments (PM KUSUM with industrial motors and pumps to Equipments to customers like Industrial, Scheme –Component B & C and Non-PM 100+ countries OEM, Retail and Others KUSUM) • Grew by 21% CAGR during FY23-26 • Grew by 50% CAGR during FY23-26 18 © 2026, All Rights Reserved -www.shaktipumps.com Diversified across Geographies Global Presence (100+ countries) Revenue from Exports (₹ Mn) FY26 Exports Revenue-mix 21% CAGR Asia Africa 4,368 3.8% 4,111 33.4% Europe RoW North 26 Middle America countries East Asia 2,861 2.6% 4 26 15 2,348 Countries countries Countries Oceania Africa 3 29 Countries United States countries 19.1% Middle East 41.1% FY23 FY24 FY25 FY26 Updates • New orders which may translate into better overall margins as the segment has the strongest margin out of the other segments • Executed 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 19 © 2026, All Rights Reserved -www.shaktipumps.com Presence in Industrial, OEMs and Others 2,055 1,394 1,408 1,119 Revenue from Other Businesses (₹ Mn) FY23 FY24 FY25 FY26 Industrial Customers Other Customers 362 26 Our products are used in industries for variety of Ourproductsarealsousedfor purposes such as fire-fighting, sewage, heating & FY26 domesticneedsinbungalows, coolingofsystems, washing,storage,etc. 180 Revenue housingcomplexes, andfor sewage purposestodrainflood (₹ Mn) water from basements, car parks, OEM Customers Other Businesses etc. 1,487 include Underthis,thecompanysellsitsproductstosolarOEM The products are also used in players (L&T, Mahindra, REIL, Adani & Tata Power). hotels, corporates, malls, high rises However, SPIL is currently focusing less on this buildingsandcommercial premises business and pushing their own sales into the market Industrial OEM Solar Rooftop Others togainthemarket opportunities 20 © 2026, All Rights Reserved -www.shaktipumps.com Experienced Management Team Mr. Dinesh Patidar Mr. Ramesh Patidar Chairman Managing Director A visionary, self-made industrialist and leader with a strong business A Graduate in Business Administration with having more than 19 years of acumen and knowledge in development of engineering products and experience in Shakti. Looks after international business development management. More than 3 decades of experience and extensive activities exploring and expanding new business opportunities across the business travels across the world helped him to adopt latest and best world. practices inbusinesstodevelopacompetitiveedge. Mr. Dinesh Patel Mr. Sunil Patidar Chief Financial Officer Director A well-qualified CA, ICWAI with over 14 years of work experience in accounts, finance, audit, direct & indirect taxation. He has also qualified Determined professional with innovative approach in people the Professional Programme examination of The Institute of Company management and industrial relations ensuring all administrative and Secretaries of India (ICSI). He has worked with Mahindra & Mahindra legalcompliances. LimitedLtd,MahindraTwo WheelersLtd,CASENewHollandConstruction Equipment India Private Limited. Associated with Shakti Group since May 2018. Mr. Ashwin Bhootda Whole Time Director Dr Chinmay Jain Specializes in International Business and has over 18 years of Chief Technical Officer experience in Sales and Marketing, with a focus on international An M. E. in electrical engineering from Indian Institute of Science, business. Over the years, have successfully navigated diverse Bangalore, he has a PhD degree from the Department of Electrical international markets, implementing tailored strategies that align with Engineering, IIT, Delhi. He has published close to 20 research papers in business objectives and regulatory requirements. Holds a Master's renowned international journals such as IEEE/IET transactions etc along Degree inInternationalBusiness. with9patentsinhisbucket. Prof . B M Sharma Mr. Ravi Patidar Overall Head (Operations & HR) Company Secretary Retired Professor, Department of Electrical Engineering, SGSITS Indore. A Commerce graduate, and also hold the degree of L.L.B. He is an Aseasonedprofessionalhavingrichexperiencespanningover30years Associate Member of ICSI. He has over 11 years' work experience in inacademicsandindustrywithexpertiseindesignanddevelopmentof handling Secretarial work in listed Company, Public Limited Companies super-efficient motors. andvariousothermatters. 21 © 2026, All Rights Reserved -www.shaktipumps.com Distinguished & Industry Professionals on the Board Mr. Bhim Singh Mr. HirabhaiSomabhaiPatel Independent Director Independent Director A SERB National Science Chair & Emeritus Professor, A retired IAS officer and has held various reputable positions Department of Electrical Engineering, Indian Institute of in different departments. Notably, he has been the Secretary Technology Delhi, has more than 45 years of experience in the of Gujarat Electricity Board and the Managing Director of various facets of Electrical engineering like PV grid interface Uttar Gujarat Vij Company Limited, Surat and Gujarat State systems, micro grids, power quality monitoring and Energy Generation Ltd. He holds a post graduate degree in mitigation, solar PV. He holds a PhD in Electrical Power from lawwith specialisationinUrban managementfrom Singapore. Indian Instituteof Technology (Delhi). Mrs. Bela BharatenduJani Mr. Ramakrishna Sataluri Non-Executive Woman Independent Director Non-Executive & Non-Independent Director Retired Executive Engineer of Gujarat State Electricity A seasoned and experienced professional with over 37 years Corporation with over 37 years of experience in renewable of experience in various industries. In his last assignment, he energy, particularly in the solar sector, covering project superannuated from Tata Power Solar Ltd. after working planning and implementation from conceptualization to with the Tata group for two decades. Holds distinguished commissioning, procurement systems, inventory control, MIS record in handling various leadership roles in Operations, (including GEM Portal and SAP/ERP), tendering, vendor RetailandEnterprisefunctions. selection, andcoordination with CentralGovernment agencies. Mr. V.S.S. Pavan Kumar Hari Independent Director Mr. Keyur BipinchandraThaker Independent Director Currently working in Indian Institute of Technology, Bombay, as Associate Professor in the Department of Energy Science He is one of the faculty members of Indian Institute of and Engineering. Prior to this, he has worked as a Post- Management, Indore, in the field of accounts and finance. He doctoral Researcher at the Arizona State University in USA. holds a doctorate in management from Hemchandracharya Holds a PhD in Electrical Engineering from Indian Institute of North GujratUniversity,Patan. Science, Bengaluru. 22 © 2026, All Rights Reserved -www.shaktipumps.com 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 100% WOS based out of USA located in Pithampur (MP), Currently only doing captive production while have plans to sell to other players as well FY26 Revenue: ₹ 626Mn FY26 Revenue: ₹ 2,391 Mn Shakti Pumps (FZE, UAE) 100% WOS based out of UAE Shakti EV Mobility P Ltd* FY26 Revenue: ₹ 474Mn Shakti EV Mobility P Ltd* -Formed 100% Subsidiary on Dec 2021 to enter into Shakti Pumps (Bangladesh) Ltd EV Solutions like Motors, Controller, Chargers 100% WOS based out of Bangladesh FY26 Revenue: ₹ 243 Mn FY26 Revenue: ₹ 2 Mn 23 © 2026, All Rights Reserved -www.shaktipumps.com ESG Initiatives for Sustainable Growth of Business SPIL has received [ICRA ESG] Impact Rating 75, Good – ESG Rating from ICRA in October 2025 Environment Sustainable Procurement Practices • Implemented sustainable procurement practices through a Supplier Quality Assessment system that evaluates vendors on environmental compliance, ethical labour standards, energy efficiency, waste management, and responsible resource use. Low Environmental Footprint • Manufacturing processes involve modest carbon and air emissions, supported by moderate energy consumption levels. • Company follows a ZLD policy with limited groundwater dependency and modest water consumption intensity of 9.89 m3 per Rs. Crore • SPIL’s waste generation intensity stands modest at 2.55 tonne per Rs. Crore which, along with sustainable packaging solutions and recycling policies supports its resource efficiency goals. Positive Impact of Solar Pumps • Solar pumps contribute to sustainable agriculture by offering energy efficient irrigation solutions, reducing dependency on diesel and grid electricity • Integration of smart controllers & IoT based monitoring enhances operational efficiency and supports climate resilient farming • SPIL has helped replace over 300 MW of diesel pumps equivalent capacity, contributing to significant emission reduction Social Responsibility Corporate Governance • Installation of solar pumps and systems across multiple villages in India • The Company is committed to sound principles of Corporate Governance with respect to all of its procedures, policies and practices. • Adoption of school, free medical facilities & health camps for needy people • The governance processes and systems are continuously reviewed to • Donation towards construction of Girl’s Hostel building in BadwaniDhar (MP) ensure that highest ethical and responsible standards are being practiced. 24 © 2026, All Rights Reserved -www.shaktipumps.com Financial Highlights © 2026, All Rights Reserved -www.shaktipumps.com Management Commentary on Q1 FY27 Performance “We are pleased to report another record quarter, building on the momentum established in Q4 FY26. Our performance reflects strong execution, an improved working capital position, and sustained demand across key markets. With a healthy order book of around Rs. 10,000 Mn and growing visibility around PM-KUSUM 2.0 and other state-led solar irrigation programs, we remain confident of capturing the opportunity ahead and further consolidating our leadership in solar pumping. Despite input cost pressures and lower realizations on select orders, we held EBITDA margins broadly stable sequentially, reflecting the resilience of our operating model and our continued focus on profitable growth. Our Export business sustained healthy momentum despite global uncertainties, underscoring the strength of our diversified markets and customer relationships. Our dealer and distributor Export business has demonstrated significant traction Looking ahead, we expect growth to be supported by a stronger execution pipeline, an improving order mix, and continued operational efficiencies. While solar pumps remain our core growth engine, we are building the next phase of Shakti Pumps' journey. Our Solar Cash / Retail business is gaining encouraging traction, the Solar Rooftop business is progressing well amid growing adoption of Mr. Dinesh Patidar distributed solar, and our EV business has reached an important milestone with customer validations and trial orders now Chairman underway. We continue to invest ahead of the demand curve — expanding capacity across pumps, motors, VFDs and solar structures — while our 0.5 GW DCR module facility and 2.2 GW integrated DCR Cell & Module project remain on track. Together, these investments and our expanding renewable energy portfolio position us to create long-term, sustainable value and evolve into a broader clean energy platform.” 26 © 2026, All Rights Reserved -www.shaktipumps.com Q1 FY27 Performance Snapshot Q1 FY27 Revenue of ₹ 8,587 Mn, driven by strong overall execution Continued Strong Execution Momentum In Q1 FY27, EBITDA Margin as No. of Solar pumps remained in line with previous installed increased by quarter (Q4 FY26) at 9.6% 58% YoY in Q1 FY27 Order Book Position as on Q1 FY27 Revenue from Retail / 22nd July 2026, at Rs. 10,000 Cash Sales business at ₹ 240 Mn; Mn, despite two consecutive while Solar Rooftop business quarters of record revenues reported ₹ 80 Mn in Revenue Execution momentum remained strong in Q1 FY27, with record revenue, 58% YoY growth in solar pump installations, stable margins, and a healthy order book 27 © 2026, All Rights Reserved -www.shaktipumps.com Order Book Position Order Book as on 22nd July 2026 (Inclusive of GST) Order Value (₹ Mn) Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) Maharashtra State Electricity Distribution Company Limited (MSEDCL) & Maharashtra Energy Department Agency (MEDA) 80 Haryana Renewable Energy Department (HAREDA) 20 Madhya Pradesh Urja Vikas Nigam Limited, Madhya Pradesh 1,670 Karnataka Renewable Energy Development Limited, Karnataka 2,350 Magel Tyala Saur Urja Yojana, Maharashtra 5,220 Others (RHDS, Rajasthan; JREDA, Jharkhand; and MID, Uttarakhand) 10 Other Domestic & Export business 550 Total Outstanding Order Book 10,000 28 © 2026, All Rights Reserved -www.shaktipumps.com ₹ 10,000 Mn Order book Frames the Near-term Runway Policy momentum and state-level initiatives provide demand support, while management prioritizes sustainable execution and cash conversion ₹10,000 Order book as of Revenue visibility is strong with expected order inflow, majorly from PM 22 July 2026, KUSUM 2.0 and Magel Tyala, while other states might also follow with Mn inclusive of GST new orders 1 2 3 KUSUM 2.0 Magel Tyala Other States Expected policy momentum can Ongoing opportunities in Continued traction in state refresh the government-led solar Maharashtra, with margin initiatives broadens the execution pump opportunity realisation an area to monitor pipeline 29 © 2026, All Rights Reserved -www.shaktipumps.com Q1 FY27 Key Financials Charts Revenue (₹ Mn) EBITDA & PAT (₹ Mn) EBITDA PAT 8,578 8,587 6,225 1,436 968 832 829 516 383 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4FY26 Q1 FY27 No. of Solar Pumps Installed Receivables Ageing 28,345 27,678 31% Not Due 0 - 180 Days 17,557 ₹ 17,988 Mn 15% Receivables 180-365 Days* as on More than 365 Days* 30.06.2026 12% 42% Q1 FY26 Q4 FY26 Q1 FY27 * includes retention amount of 10% 30 © 2026, All Rights Reserved -www.shaktipumps.com Q1 FY27 Consolidated Income Statement Particulars (₹ Mn) Q1 FY27 Q4FY26 Q1 FY26 Revenue from Operations 8,587 8,578 6,225 EBITDA 829 832 1,436 EBITDA Margins* % 9.6% 9.7% 23.1% Finance Cost 146 179 98 Depreciation and Amortization Expense 76 87 61 Other Income 103 97 19 PBT 710 662 1,297 Total Tax 195 279 328 PAT 516 383 968 PAT Margins % 6.0% 4.5% 15.6% Cash Profit 592 471 1,029 Basic / Diluted EPS (₹) 4.2 3.1 8.1 * In Q1 FY27 & Q4 FY26, EBITDA Margins were impacted by lower realisation, increase in raw material costs and other expenses (mainly due to higher logistics costs), owing to prevailing geopolitical tensions 31 © 2026, All Rights Reserved -www.shaktipumps.com Key Historical Financials Charts Revenue driven by improved demand of Solar pumps Break-up of Operating Costs as a % of Revenue (₹ Mn) Revenue EBITDA PAT Cost of Materials Consumed Other Expenses Employee Cost 25,163 26,976 4.4% 5.5% 5.2% 4.8% 9.4% 10.8% 4.0% 11.7% 10.4% 9.8% 13,707 11,785 9,677 6,030 4,217 76.8% 76.8% 1,105 666 2,248 4,084 67.1% 62.3% 68.7% 2,576 648 1,417 241 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Margins showing improvement on the back of better Customer-wise revenue (₹ Mn) operating leverage Customers under Govt Projects Export Customers Other Customers EBITDA Margin PAT Margin Cash Profit Margin 1,408 2,055 24.0% 4,368 4,111 16.4% 17.0% 15.6% 1,786 1,395 11.7% 7. 9 1% .4% 6 4 . . 9 4 % % 16.2% 10.6% 1,851 2 8 ,3 7 4 6 8 2,861 19,386 20,806 5.5% 2.5% 10.3% 9.5% 8,148 6,453 9,451 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 32 © 2026, All Rights Reserved -www.shaktipumps.com Key Historical Ratios Optimum Capital Structure with High Coverage Ratio Focus on Working Capital efficiency (x) Gearing Interest Coverage Ratio Average Debtors (Days) Average Inventory (Days) Average Creditors (Days) 13.6 11.5 178 172 152 173 7.1 7.1 119 87 115 92 102 118 80 108 90 129 62 3.5 0.2 0.2 0.1 0.1 0.3 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Margins showing improvement on the back of better operating leverage 50.0% 43.9% 45.0% 40.0% 35.2% 35.0% ROCE 30.0% ROE 18.4% 24.5% 25.0% 18.8% 17.9% 20.0% 9.8% 15.0% 15.1% 16.5% 10.0% 5.8% 5.0% 0.0% FY22 FY23 FY24 FY25 FY26 33 © 2026, All Rights Reserved -www.shaktipumps.com Consolidated Income Statement Particulars (₹ Mn) FY23 FY24 FY25 FY26 Revenue from Operations 9,677 13,707 25,163 26,976 EBITDA 666 2,248 6,030 4,217 EBITDA Margins % 6.9% 16.4% 24.0% 15.6% Finance Cost 192 195 443 591 Depreciation and Amortization Expense 184 190 200 283 PBT 322 1,899 5,558 3,592 Total Tax 81 482 1,475 1,016 PAT 241 1,417 4,084 2,576 PAT Margins % 2.5% 10.3% 16.2% 9.5% Cash Profit 425 1,607 4,284 2,859 Basic EPS (₹) * 2.2 12.8 34.0 21.0 * 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 34 © 2026, All Rights Reserved -www.shaktipumps.com Consolidated Balance Sheet Particulars (₹ Mn) Mar-23 Mar-24 Mar-25 Mar-26 Assets Net Fixed Assets 1,481 1,878 2,595 3,270 Other Non-Current Assets 152 175 490 1,501 Current Assets 5,620 12,450 16,659 25,713 Total Assets 7,253 14,503 19,744 30,484 Liabilities Net Worth 4,181 7,557 11,611 17,056 Other Non-Current Liabilities 145 98 436 871 Term Loans 24 0 353 408 Working Capital Secured Loans 710 829 1,324 4,457 Current Liabilities 2,193 6,019 6,020 7,692 Total Liabilities 7,253 14,503 19,744 30,484 35 © 2026, All Rights Reserved -www.shaktipumps.com Consolidated Cash Flow Statement Particulars (₹ Mn) Mar-23 Mar-24 Mar-25 Mar-26 Cash Flow from Operating Activities Profit Before Tax 322 1,899 5,558 3,592 Adjustment for Non-Operating Items 341 338 634 804 Operating Profit before Working Capital Changes 663 2,237 6,192 4,396 Changes in Working Capital (73) (1,381) (4,632) (1,727) Cash Generated from Operations 590 857 1,560 2,669 Income Tax Paid (203) (360) (1,355) (1,429) Net Cash from Operating Activities 387 497 205 1,241 Cash Flow from Investing Activities (120) (615) (1,980) (2,864) Cash Flow from Financing Activities (469) 1,913 439 5,441 Net increase/ (decrease) in Cash & Cash Equivalents (202) 1,796 (1,336) 3,817 Cash & Cash Equivalents at the beginning of the period 312 110 1,906 570 Cash & Cash equivalents at the end of the period 110 1,906 570 4,387 36 © 2026, All Rights Reserved -www.shaktipumps.com Shakti Pumps (India) Limited THANK Dinesh Patel Chief Financial Officer dinesh.patel@shaktipumps.com YOU! Ernst & Young LLP Vikash Verma / Rohit Anand / Riddhant Kapur vikash.verma1@in.ey.com rohit.anand4@in.ey.com riddhant.kapur@in.ey.com © 2026, All Rights Reserved -www.shaktipumps.com