Shakti Pumps (India) Limited has announced a significant strategic move to strengthen its renewable energy presence. According to a regulatory filing dated January 17, 2026, the company has completed the acquisition of Shakti Energy Solutions Limited, its wholly owned subsidiary, under Regulation 30 of SEBI (LODR).
Key Details of the Acquisition
The acquisition event took place on January 16, 2026, and was reported to the stock exchanges the following day. Shakti Pumps itself is the acquirer, and the transaction has been classified as a new acquisition (including agreement to acquire).
Acquirer: Shakti Pumps (India) Limited
Target Company: Shakti Energy Solutions Limited
Relationship: Wholly owned subsidiary with common directorship
Nature of Consideration: Equity shares
Cost of Acquisition: ₹75 crore
Completion Timeline: Same day
The transaction has been carried out at an arm’s length basis and does not fall under related party transactions, although promoters and key managerial personnel have an interest due to the subsidiary structure.
About the Target Company
Shakti Energy Solutions Limited, incorporated on September 6, 2010, operates in the renewable energy segment. The company is engaged in:
Manufacturing of solar structures
Solar rooftop solutions
Expansion into Solar DCR cells and Solar PV module manufacturing
The company has a strong financial profile, highlighted by:
Turnover: ₹216.53 crore
Profit After Tax: ₹32.73 crore
Net Worth: ₹87.22 crore
Over the last three financial years, the turnover trend shows steady growth, reflecting increasing demand in the solar energy sector.
Strategic Objective Behind the Acquisition
The primary objective of this acquisition is to set up a Solar DCR cell and Solar PV modules manufacturing plant at Pithampur, Madhya Pradesh, with a planned production capacity of 2.20 GW. This move aligns with India’s push for domestic solar manufacturing and reduces dependence on imports.
By consolidating Shakti Energy Solutions into its operations, Shakti Pumps aims to streamline execution, scale manufacturing capabilities, and strengthen its position in the fast-growing renewable energy value chain.
Regulatory and Other Aspects
Government approvals: Not applicable
Tranche-based acquisition: No
Geographical presence: India