Rs. 12 crore invested in wholly owned subsidiary Shakti EV Mobility via 1.2 crore equity shares
The company invested Rs. 12,00,00,000 in its wholly owned subsidiary Shakti EV Mobility Private Limited.
By ScoutQuest · · 2 min read
- Investment Amount
- Rs. 12,00,00,000
- Shares Subscribed
- 1.2 crore equity shares of face value Rs. 10 each
- Consolidated Investment in Subsidiary
- Rs. 92 crore
What the company told the exchanges
- The company has invested Rs. 12,00,00,000 (Rupees Twelve Crores Only) in Shakti EV Mobility Private Limited, its wholly owned subsidiary.
- The investment was made by subscribing to 1.2 crore (One Crore Twenty Lacs) equity shares of face value Rs. 10/- (Rupees Ten each).
- After this subscription, the consolidated investment in the subsidiary stands at Rs. 92 crore (Rupees Ninety Two Crores Only).
- The consideration was cash, and the stated indicative time period for completion is the same day.
About the subsidiary
- Shakti EV Mobility Private Limited was incorporated on 16 December 2021.
- Its total asset size was Rs. 12,857.28 Lacs as on 31 March 2026.
- It manufactures electric vehicle motors for two-wheeler, three-wheeler, four-wheeler and special purpose electric vehicles, and chargers for electric vehicles.
- It has presence in India.
Subsidiary turnover (Rs. In Lacs):
- FY 2026: 2,425.41
- FY 2025: 372.73
- FY 2024: 430.09
Other points stated in the update
- The object of the transaction is to initiate and expand the business of the wholly owned subsidiary.
- No government or regulatory approvals are required for this investment.
- Because the entity is a wholly owned subsidiary, the update states that the transaction does not fall under the related party transaction category, and the arm's length basis is therefore not applicable.
How to read this
- This is fresh money going into a unit the company already owns 100%, so the ownership structure of the subsidiary does not change; what changes is the amount the parent has put in, which now totals Rs. 92 crore.
- The subsidiary's own numbers give a sense of scale: turnover of 2,425.41 (Rs. In Lacs) in FY 2026 is well above the 372.73 and 430.09 seen in the two preceding years, while its total asset size as on 31 March 2026 is Rs. 12,857.28 Lacs.
- The update frames the purpose as growing the subsidiary's electric vehicle motor and charger business.
Perception: a funding step into an existing wholly owned business line, communicated with the subsidiary's turnover and asset figures. It is an internal capital allocation within the group rather than a purchase of a new company, so its read for investors rests on how the EV motor and charger business performs going forward.
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More numbers
- Investment in wholly owned subsidiaryRs. 12,00,00,000/-
- Equity shares subscribed1,20,00,000
- Face value per equity shareRs. 10/-
- Consolidated investment after subscriptionRs. 92,00,00,000/-
- Subsidiary total asset size as on 31 March 2026Rs. 12,857.28 Lacs
- Subsidiary turnover FY 2026 (Rs. In Lacs)2,425.41
- Subsidiary turnover FY 2025 (Rs. In Lacs)372.73
- Subsidiary turnover FY 2024 (Rs. In Lacs)430.09
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