Shakti Pumps (India) Limited — Important, 03-07-2025: Committee Meeting Updates

Shakti Pumps (India) has announced a board meeting on July 2, 2025, during which its Treasury Committee approved the preliminary placement document and opening of a qualified institutional placement (QIP) of equity shares to eligible institutional buyers. The floor price for the issue is set at ₹965.96 per share, with an option to offer up to a 5% discount. The company’s trading window was closed from July 1, 2025, until 48 hours after the quarterly financial results for the quarter ended June 30, 2025, are declared, to comply with its insider trading code.