The Board of Shakti Pumps (India) at its meeting held on 11 June 2019 has approved the appointment of Keyur Bipinchandra Thaker as an Additional Independent Director of the Company with effect from 11 June 2019.

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Shakti Pumps (India) will hold a meeting of the Board of Directors of the Company on 11 June 2019.

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Shakti Pumps (India) announced that the Board of Directors of the Company at its meeting held on 10 May 2019, has recommended a Final dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.

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Net profit of Shakti Pumps (India) rose 64.91% to Rs 16.54 crore in the quarter ended March 2019 as against Rs 10.03 crore during the previous quarter ended March 2018. Sales rose 22.07% to Rs 159.62 crore in the quarter ended March 2019 as against Rs 130.76 crore during the previous quarter ended March 2018.

For the full year,net profit rose 29.35% to Rs 45.08 crore in the year ended March 2019 as against Rs 34.85 crore during the previous year ended March 2018. Sales rose 25.16% to Rs 546.45 crore in the year ended March 2019 as against Rs 436.61 crore during the previous year ended March 2018.

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