Enter the first few characters of Company and click 'Go'

Directors Report of Shakti Pumps (India) Ltd.

Mar 31, 2023

Boardsâ Report

Dear Members,

The Board of Directors is pleased to present the 28^th Annual Report on the business and operations of the company along with
Company''s Audited Financial Statements for the financial year ended March 31, 2023.

1. FINANCIAL HIGHLIGHTS

The Financial Summary:-

Particulars	2022-2023	2021-2022	2022-2023	2021-2022
Particulars	Standalone		Consolidated
Sales & Other Income	93,026.57	1,13,469.09	97,093.62	1,18,467.65
Profit before Finance Cost, Depreciation & Tax	6,470.97	9,958.68	6,981.33	11,659.28
Finance Cost	1,744.71	1,357.27	1,916.39	1,567.62
Depreciation & Amortization Expenses	1,716.09	1,734.29	1,840.21	1,857.46
Profit/(Loss) before Tax	3,010.17	6,867.12	3,224.73	8,234.20
Less:-Current Tax	674.10	1,919.08	847.72	2,224.53
Less:-Deferred Tax	(62.48)	(611.36)	(36.17)	(471.93)
Profit/(Loss) after Tax	2,398.55	5,559.40	2,413.18	6,481.60

2. FINANCIAL PERFORMANCE

â¢ Consolidated Financial Performance

During the year, your Company has registered sales
and other income ^ 97,093.62 Lacs as compared to
^ 1,18,467.65 Lacs of previous year. Company was
able to register a domestic sale of ^ 71,080.32 Lacs
and export sale of ^ 23,254.06 Lacs in the current
year. Your Company has profit for the year of ^
2855.42 Lacs in comparison to ^ 6659.83 Lacs in
previous year.

â¢ Standalone Financial Performance

During the year under review, the company has
achieved Standalone total revenue from operation
of ^ 93,026.57 Lacs as compared to ^ 1,13,469.09
Lacs of previous year. Your Company has profit
for the year of ^ 2411.22 Lacs in comparison to ^
5531.18 Lacs in previous year.

3. SHARE CAPITAL

As at 31^st March, 2023, the Authorized share capital of
the Company is ^ 40,00,00,000. There is no change in
the authorized share capital of the company.

As at 31^st March, 2023, the paid up Equity Share Capital
of the Company was ^ 18,38,01,560/- consisting of
1,83,80,156 equity shares of ^ 10/- each. The Company
has not allotted any shares during the year.

4. DIVIDEND

Based on the Company''s performance, the Board of
directors has recommended a dividend of 20% i.e.
^ 2/- per equity share of ^ 10/- each for the financial
year ended March 31, 2023 which if approved at the
forthcoming Annual General Meeting (âAGMâ), will be
paid to all those equity shareholders of the Company
whose names appear in the Register of Members and
whose names appear as beneficial owners as per the
beneficiary list furnished for the purpose by National
Securities Depository Limited and Central Depository
Services (India) Limited. The total dividend pay-out will
amount to approx. ^ 3.68 Crore.

The dividend recommended is in line with the
dividend distribution policy of the Company and the
policy is available on the website of the Company at
https://www.shaktipumps.com.

5. TRANSFER OF RESERVE

The Company has not transferred any amount to the
General Reserves for the year March 31, 2023 and
all profits have been transfer to surplus fund of the
Company.

6. KEY FINANCIAL RATIOS

Particulars	2022-23	2021-22	2020-21
Return on Net Worth (%)	5.77%	16.49%	22.19%
Return on Capital Employed (%)	9.84%	19.86%	29.27%
Basic EPS (after exceptional items) ('')	13.13	35.26	41.12
Debtors turnover	3.01	3.63	4.67
Inventory turnover	3.80	5.52	5.12
Interest coverage ratio*	3.06	6.25	7.86
Current ratio	1.94	1.59	1.71
Debt equity ratio	0.18	0.27	0.29
Operating profit margin (%)	7.03%	9.91%	16.01%
Net profit margin (%)	2.49%	5.47%	8.10%

DETAILED EXPLANATION OF RATIOS

(i) Return on Net Worth

Return on Net worth (RONW) is a measure of profitability
of a Company expressed in percentage. It is calculated
by dividing total comprehensive income for the year by
average capital employed during the year.

(ii) Return on Capital Employed

Return on Capital Employed (ROCE) is a financial
ratio that measures a Company''s profitability and the
efficiency with which its capital is used. In other words,
the ratio measures how well a Company is generating
profits from its capital. It is calculated by dividing profit
before exceptional items and tax by average capital
employed during the year.

(iii) Basic EPS

Earnings Per Share (EPS) is the portion of a Company''s
profit allocated to each share. It serves as an indicator
of a Company''s profitability. It is calculated by dividing
Profit for the year by Weighted average number of shares
outstanding during the year.

(iv) Debtors Turnover

The above ratio is used to quantify a Company''s
effectiveness in collecting its receivables or money owed
by customers. The ratio shows how well a Company uses
and manages the credit it extends to customers and
how quickly that short-term debt is collected or is paid.
It is calculated by dividing turnover by average trade
receivables.

(v) Inventory Turnover

Inventory Turnover is the number of times a Company
sells and replaces its inventory during a period. It is
calculated by dividing turnover by average inventory.

(vi) Interest Coverage Ratio

The Interest Coverage Ratio measures how many times
a Company can cover its current interest payment with
its available earnings. It is calculated by dividing PBIT by
finance cost.

(vii) Current Ratio

The Current Ratio is a liquidity ratio that measures a
Company''s ability to pay short-term obligations or those
due within one year. It is calculated by dividing the
current assets by current liabilities.

(viii) Debt Equity Ratio

The ratio is used to evaluate a Company''s financial
leverage. It is a measure of the degree to which a
Company is financing its operations through debt
versus wholly owned funds. It is calculated by dividing a
Company''s total liabilities by its shareholder''s equity.

(ix) Operating Profit Margin (%)

Operating Profit Margin is profitability or performance
ratio used to calculate the percentage of profit a
Company produces from its operations. It is calculated
by dividing the EBIT by turnover.

(x) Net Profit Margin (%)

The net profit margin is equal to how much net income
or profit is generated as a percentage of revenue. It is
calculated by dividing the profit for the year by turnover.

7. SUBSIDIARIES, JOINT VENTURES AND
ASSOCIATE COMPANIES

As on March 31, 2023, our Company has 6 Subsidiaries
(out of which 5 are wholly owned subsidiaries).

Following are the Subsidiaries of the company: -

1. Shakti Pumps USA, LLC

2. Shakti Pumps FZE, UAE

3. Shakti Pumps (Shanghai) Limited-China

4. Shakti Pumps (Bangladesh) Limited

5. Shakti Energy Solutions Private Limited

6. Shakti EV Mobility Private Limited (formerly known
as Shakti Green Industries Private Limited)

There has been no material change in the nature of the
Business of the Company and its Subsidiaries.

Pursuant to the provisions of Section 129(3) of the
Companies Act, 2013 (Act), a statement containing
salient features of financial statements of Subsidiaries
Companies in Form AOC-1 is attached as Annexure - I
and forms part of Director Report.

The Consolidated Financial Statement of the Companies
is prepared as per the Accounting IND-AS. Consolidated
Financial Statement of the Company with its Subsidiaries
have also been included as part of this Annual Report.

8. MANAGEMENT DISCUSSION AND
ANALYSIS REPORT

The Management Discussion and Analysis as required
in terms of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements)
Regulations, 2015 (Listing Regulations) is annexed to this
Report.

9. CORPORATE GOVERNANCE

The Company is committed to maintain the highest
standards of corporate governance which has been
fundamental to the business of our Company since its
inception.

A separate report on Corporate Governance is provided
together with a Certificate from the Secretarial Auditor
of the Company regarding compliance of conditions of
Corporate Governance. A Certificate of the MD and CFO
of the Company, inter alia, confirming the correctness
of the financial statements and cash flow statements,
adequacy of the internal control measures and reporting
of matters to the Audit Committee is also annexed.

10. MATERIAL CHANGES AND COMMITMENTS
AFFECTING FINANCIAL POSITIONS OF THE
COMPANY

There have been no material changes and commitments
which affect the financial position of the Company that
have occurred between the end of the financial year to
which the financial statements relate and the date of this
report.

11. DEPOSITS

The Company has not accepted any deposit within the
meaning of Sections 73 and 74 of the Companies Act,
2013 read together with the Companies (Acceptance of
Deposits) Rules, 2014 during the financial year 2022Â¬
2023.

12. LISTING INFORMATION

The Company''s Shares are listed as follows:-

Name of Stock Exchanges Stock Code/Symbol

1. BSE Limited (BSE) 531431

PJ. Towers, Dalal Street,

Mumbai-400001

2. National Stock Exchange SHAKTIPUMP

of India Limited (NSE)

âExchange Plazaâ, Bandra
Kurla Complex, Bandra (E),

Mumbai - 400 051

The Company has made all the compliances of the
Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations,
2015 including payment of annual listing fees to the
stock exchanges for the year 2023-2024.

13. CORPORATE SOCIAL RESPONSIBILTY

Pursuant to the provisions of the Companies Act,
2013, the Company has framed its Corporate Social
Responsibility (CSR) policy for the development of
programs and projects for the benefit of weaker sections
of the Society and the same has been approved by CSR
Committee and the Board of Directors of the Company.

CSR policy has been uploaded on the Company''s website
at www.shaktipumps.com.

Pursuant to requirements under section 135 and rules
made there under a Report on CSR activities and
initiatives taken during the year in prescribed format is
given in Annexure II which is annexed hereto and forms
part of Director Report.

14. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134 of the Act, the Board of Directors
confirms that: -

a) In the preparation of the Annual Accounts, the
applicable Accounting Standards have been
followed and there are no material departures from
the same;

b) The Directors have selected such accounting
policies and applied them consistently and made
judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the
state of affairs and of the profits of the Company
for that period;

c) The Directors have taken proper and sufficient
care for the maintenance of adequate accounting
records in accordance with the provisions of the
Act for safeguarding the assets of the Company
and for preventing and detecting fraud and other
irregularities;

d) The Directors have prepared the Annual Accounts
on a âgoing concern'' basis;

e) The Directors have laid down internal financial
controls for the Company and such internal financial
controls are adequate and are operating effectively;
and

f) The Directors have devised proper systems to
ensure compliance with the provisions of all
applicable laws and that such systems are adequate
and operating effectively.

15. DISCLOSURE RELATING TO REMUNERATION
OF DIRECTORS, KEY MANAGERIAL PERSONNEL
AND PARTICULARS OF EMPLOYEES

In terms of the provisions of Section 197(12) of
the Companies Act, 2013 read with Rules 5 (1) of
the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 and the rules there
under as amended from time to time, forms part of this
report Annexure III.

There are no instances of employees who was in receipt
of remuneration in excess of the limit prescribed in
provisions of Section 197 (12) of the Companies Act,
2013 read with Rule 5(2) and 5(3) of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 and the rules made there under.

16. ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a)
of the Act, the Annual Return of the Company in Form
MGT-7 for FY 2022-23, is available on the Company''s
website at www.shaktipumps.com.

17. DISCLOSURE BY INDEPENDENT DIRECTORS

All Independent Directors have given declarations that
they meet the criteria of independence as laid down
under section 149(6) of the Companies Act, 2013 and
Regulation 25 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015.

18. RISK MANAGEMENT COMMITTEE

The Company has a consistent, structured and defined
continuous process for identifying, assessing, deciding
on responses to and reporting on critical ârisks that
matter''. The Risk Management framework of the
Company essentially comprises of two elements i.e.
the process to identify, prioritise and manage risks
adopting the value-based driver tree approach and risk

mitigation action plan. The Risk Management framework
applies to all business units, functions, geographies and
departments within the Company. It compliments and
does not replace other existing programs, such as those
relating to emission, quality and compliance matters.
Composition, frequency and quorum of meetings of
the Risk Management Committee constituted by the
Board is in compliance with Regulation 21 of the Listing
Regulations. Roles, responsibilities and functions of the
Committee have been defined by the Board. Terms of
reference of the Committee, details of meetings held
and attendance thereat are mentioned in the Corporate
Governance Report, which forms part of this Report.

19. INTERNAL FINANCIAL CONTROL

The Company has a robust Internal Financial Control
framework which is according to Section 134(5)(e)
of the Companies Act, 2013. The Company''s internal
control systems are commensurate with the nature of its
business, the size and complexity of its operations and
such IFCs with reference to the Financial Statements
are adequate. The Company has implemented robust
processes to ensure that all IFCs are effectively working.

20. PARTICULARS OF LOANS GIVEN,
INVESTMENTS MADE, GUARANTEES
GIVEN AND SECURITIES PROVIDED

The Details of loans, guarantees or investments covered
under the provision of Section 186 of the Companies
Act, 2013 are given in the Note No. 5 to the Financial
Statement.

21. CONTRACTS AND ARRANGEMENTS WITH
RELATED PARTIES

All related party transactions which were entered during
the Financial Year were in the ordinary course of business
and on an arm''s length basis. There were no materially
significant related party transactions entered by the
Company with the Promoters, Directors, Key Managerial
Personnel or other persons which may have a potential
conflict with the interests of the Company.

A statement of all related party transactions is presented
before the Audit Committee on quarterly basis, specifying
the nature and value of transactions. Since all the related
party transactions entered during the financial year were
on an arm''s length basis and in the ordinary course of
business, no details are required to be provided in Form
AOC-2 as prescribed under Section 134(3) (h) of the Act
and Rule 8(2) of the Companies (Accounts) Rules, 2014.

In line with the requirements of the Companies Act,
2013 and SEBI Listing Regulation 2015, the Board
has approved a Policy on Related Party Transactions
which is also available on Company''s website at
www.shaktipumps.com.

22. DIRECTORS AND KEY MANAGERIAL
PERSONNEL

Directors:

As on March 31, 2023, the Company has six Directors
comprising of three Executive Directors and three NonÂ¬
Executive Directors out of which all are the Independent
Directors. There is one independent women director.
Detailed composition about the Board is disclosed
in Corporate Governance Report. All Directors have
submitted relevant declarations / disclosures as required
under Act and Listing Regulations.

Re-appointment of Director:

Mr. Sunil Patidar (DIN: 02561763) Whole-Time Director

of the Company, retires by rotation at the ensuing
Annual General Meeting pursuant to the provisions
of Section 152 of the Companies Act, 2013 read with
the Companies (Appointment and Qualification of
Directors), Rules 2014 and the Articles of Association of
your Company and being eligible, has offered himself for
re-appointment as the Director.

Appointment of Director:

The Board of Directors has at their meeting held on 11th
August, 2023, based on recommendation of Nomination
and Remuneration Committee has approved the
following:

1. Re-designation & Re-appointment of Mr. Dinesh
Patidar (DIN: 00549552) from Managing Director
to Chairman cum Whole Time Director of the
Company for the period of 3 Years (subject to the
approval of shareholders).

2. Re-designation & Re-appointment of Mr. Ramesh
Patidar (DIN: 00931437) from Whole Time Director
to Managing Director of the Company for the period
of 3 Years (subject to the approval of shareholders).

Key Managerial Personnel:

In terms of Section 2(51) and Section 203 of the Companies
Act, 2013 read with the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the
Key Managerial Personnel of the Company are:

a) Mr. Ramesh Patidar:- Managing Director (DIN:
00931437) w.e.f. August 11, 2023

b) Mr. Dinesh Patidar:-Whole time Director (DIN:
00549552) w.e.f. August 11, 2023

c) Mr. Sunil Patidar: - Whole time Director (DIN:
02561763)

d) Mr. Dinesh Patel:- Chief Financial Officer

e) Mr. Ravi Patidar:- Company Secretary &
Compliance Officer

23. NUMBER OF MEETINGS OF THE BOARD

Four meetings of the Board of Directors were held
during the year. For details of the meetings held and
the attendance of the Directors please refer to the
Corporate Governance Report which forms part of this
annual report.

24. POLICY ON DIRECTORS'' APPOINTMENT
AND REMUNERATION AND OTHER
DETAILS

The Company''s policy is designed to attract, motivate
and retain manpower in a competitive and international
market. The policy reflects the Company''s objectives
for good corporate governance as well as sustained
long-term value creation for shareholders. The
Remuneration Policy applies to the Company''s senior
management including its Key Managerial Person and
Board of Directors. The Nomination and Remuneration
Policy for the members of Board and Executive
Management is available on the Company''s website:-
www.shaktipumps.com.

25. ANNUAL EVALUATION OF BOARD''S
PERFORMANCE

The annual evaluation process of the Board of Directors,
individual Directors and Committees was conducted in
accordance with the provisions of the Act and the Listing
Regulations. In accordance with the provisions of Schedule
IV of the Companies Act 2013, a Separate Meeting of the
Independent Directors was held on January 20, 2023,
without the attendance of Non-Independent Directors
and Members of the Management. The Committee has
reviewed the performance and effectiveness of the
Board in this meeting as a whole for the Financial Year
2022-2023.

26. DISCLOSURE UNDERTHE SEXUALHARASSMENT
OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a Policy on prevention of Sexual
Harassment in line with the requirements of The Sexual
Harassment of Women at the Workplace (Prevention,
Prohibition & Redressal) Act, 2013 and has constituted
the Internal Complaints Committee to redress complaints
received regarding sexual harassment. During the year,
no complaint was received by the Company.

27. AUDITORS

â¢ Statutory Auditors and their reports

In accordance with the provisions of Section 139
of the Companies Act, 2013 and the Rules made
there under, M/s PGS & Associates. Chartered
Accountants, Mumbai (Firm Registration No.:

122384W) was appointed as the Statutory Auditors
of the Company at the 26th Annual General Meeting
held on 29th September, 2021 for the term of three
years beginning from financial year 2021-22 up the
financial year 2023-24.

M/s PGS & Associates have audited the Standalone
and Consolidated financial statement of the
company for the financial year ended March 31,
2023. The Statutory Auditor''s report provided by
the M/s PGS & Associates does not contain any
qualifications, reservations, adverse remarks or
disclaimers which would be required to be dealt
with in the Board''s Report.

â¢ Secretarial Auditor and their reports

In line with the provisions of Section 204 of
the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 read with Regulation 24A
of the Listing Regulations and other applicable
provisions, if any, the Board has appointed Mr.
Manish Maheshwari (FCS 5174) Practicing
Company Secretary to carry out the Secretarial
Audit of the Company for the financial year 2022Â¬
23.

The Secretarial Audit Report is annexed herewith
Annexure IV to this Report. This report is unqualified
and self-explanatory and does not call for any further
comments/explanations. The Secretarial Audit
Report of material unlisted subsidiary company
i.e. Shakti Energy Solutions Private Limited of the
company is also annexed along with Annexure IV.

â¢ Cost Auditor and their reports

As per the requirement of Central Government
and pursuant to the provisions of Section 148 of
the Companies Act, 2013 read with the Companies
(Cost Records and Audit) Rules, 2014 as amended
from time to time, the Company is required to
appoint Cost Auditor for the audit of Cost Records
of the Company.

The Board of Directors on the recommendation
of Audit Committee, approved the appointment
and remuneration payable to M/s. M.P. Turakhia &
Associates, Cost Accountant as the Cost Auditors
of the Company to audit the cost records for
the financial year 2023-24. As per the statutory
requirement, the requisite resolution for seeking
members'' approval for the remuneration payable
to the Cost Auditor forms part of the Notice of the
ensuing Annual General Meeting.

28. CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO

The information on conservation of energy, technology

absorption and foreign exchange earnings and outgo as
required under Section 134(3)(m) of the Companies Act,
2013 read with Rule 8(3) of the Companies (Accounts)
Rules, 2014 is set out herewith as Annexure V to this
Report.

29. COMPLIANCE WITH SECRETARIAL
STANDARD

The Board of Directors affirms that the Company has
complied with the applicable Secretarial Standards
issued by the Institute of Company Secretaries of India
and approved by the Central Government as required
under Section 118(10) of the Companies Act, 2013.

30. SIGNIFICANT AND MATERIAL ORDERS
PASSED BY COURTS/ REGULATORS/
TRIBUNALS

The details of significant order passed by the Securities
Exchange Board of India is mentioned in the Corporate
Governance Report.

31. VIGIL MECHANISM

Pursuant to the provisions of Section 177(9) & (10) of
the Companies Act, 2013 and Regulation 22 of the SEBI
Listing Regulations, 2015, a Vigil Mechanism/Whistle
Blower Policy for dealing with unethical behavior actual
or suspected fraud or violation of the Companies Code of
Conducts or ethics policy. The same is uploaded on the
website of the Company i.e. https://www.shaktipumps.
com/policies programmes/vigil mechanism policy.php

32. APPRECIATION AND ACKNOWLEDGMENTS

The Directors wish to convey their gratitude and
appreciation to all the employees of the Company for
their tremendous personal efforts as well as collective
dedication, their hard work and contribution to the
Company''s performance.

The Directors would also like to thank the members,
customers, dealers, suppliers, bankers, Government and
all other business associates, consultants and all the
stakeholders for their continued support extended to the
Company and the Management.

For and on behalf of the Board of Directors
SHAKTI PUMPS (INDIA) LIMITED

Dinesh Patidar

Place:- Pithampur Chairman

Dated:- August 11, 2023 DIN:-00549552

Mar 31, 2018

BOARDSâ REPORT

Dear âMembers,

The Directors have great pleasure in presenting the 23rd Annual Report and the Companyâs Audited Financial Statement for the financial year ended March 31, 2018.

Financial Highlights:

The financial Summary:

(Rs. In Lacs)

Particulars	2017-18	2016-17
Sales & Other Income	44,010.12	43,114.99
Profit before Finance Cost, Depreciation & Tax	8,092.84	6,255.99
Finance Cost	1,400.91	1,651.35
Depreciation & Amortization Expenses	1,394.95	1,279.80
Profit before Tax	5,296.98	3,324.84
Current Tax	1,731.28	1,036.55
Deferred Tax	1,54.56	123.62
Profit after Tax	3,411.14	2,164.67

Financial Performance

During the year, your Company has registered sales and other income Rs. 44,010.12 Lacs as compared to Rs. 43,114.99 Lacs of previous year showing increase of 2.07%. Company was able to register a domestic sales of Rs. 29,488.95 Lacs and export sale of Rs. 13,002.00 Lacs in the current year in place of Rs. 11,760.59 Lacs in the previous year, a increase of 10.55% and there was an overall increase in sales by 2.07% the Company earned profit before depreciation, interest and tax of Rs. 8,092.84 Lacs as against Rs. 6,255.99 Lacs in the previous year.

Dividend

Based on the Companyâs performance, the Board of Directors recommend for approval of the members, a dividend of Rs. 3.70 (37%) per fully paid-up Equity Shares of Rs. 10/- each of the Company, for the year ended March 31, 2018, if approved by the members, would involve a cash outflow of Rs. 680.06 Lakhs.

Transfer of Reserve

The Company has not transferred any amount to the Reserves for the year ended 31st March 2018.

Listing Information

The Company Shares are listed as follows:

Name of Stock Exchanges	Stock Code/Symbol
BSE Limited (BSE)	531431
National Stock Exchange of India Limited (NSE)	SHAKTIPUMP

Share Capital

There is no change in the authorized share capital of the company and the authorized share capital of the Company as on 31st March, 2018 is Rs. 40.00 crores.

The Company has not allotted any shares during the year. The paid up share capital of the Company as on 31st March, 2018 is Rs. 18,38,01,560/Subsidiaries, Joint Ventures and Associate Companies

As on March 31, 2018 your Company is having following Subsidiaries:

1. Shakti Pumps USA, LLC

2. Shakti Pumps FZE, UAE

3. Shakti Pumps Pty Ltd, Australia

4. Shakti Pumps (Shanghai) Limited- China

5. Shakti Energy Solutions Private Limited.

There has been no material change in the nature of the business of the Company and its Subsidiary.

Pursuant to the provisions of Section 129(3) of the Companies Act, 2013 (Act), a statement containing salient features of financial statements of Subsidiaries Companies in Form AOC-1 in Annexure-I.

The Consolidated Financial Statement of the Company prepared as per the Accounting IND-AS Consolidated Financial Statement of the Company with its Subsidiaries have also been included as part of this Annual Report.

Directorâs Responsibility Statement

As required by section 134(3)(c)of Companies Act 2013.

Your Directors state that:-

a) In the preparation of the annual accounts for the year ended March 31, 2018, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2018 and of the profit of the Company for the year ended on that date;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a âgoing concernâ basis;

e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Management discussion and analysis report

The Management Discussion and Analysis forms an integral part of this Report and gives detail of the overall industry structure, developments, performance and state of affairs of the Companyâs various businesses viz., the decorative business international operations, industrial and home improvement business, internal controls and their adequacy, risk management systems and other material developments during the financial year.

Corporate Governance

Corporate Governance is an ethically driven business process that is committed to values aimed at enhancing an organizations brand and reputation. The Companies Act, 2013 and SEBI (Listing obligation and Disclosure Requirements) Regulation 2015 have strengthened the governance regime in the country. The Company is in compliance with the governance requirements and had proactively adopted many provisions, ahead of time. The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI.

A separate report on Corporate Governance is provided together with a Certificate from the Statutory Auditors of the Company regarding compliance of conditions of Corporate Governance. A Certificate of the MD and CFO of the Company, inter alia, confirming the correctness of the financial statements and cash flow statements, adequacy of the internal control measures and reporting of matters to the Audit Committee, is also annexed.

Deposits

During the financial year 2017-18, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act, 2013 read together with the Companyâs (Acceptance of Deposits) Rules, 2014.

Details of Significant and Materials order passed by the Regulators, Courts, Tribunals

No significant and material order has been passed by the regulator, courts, tribunals impacting the going concern status and Companyâs operations in future.

Corporate Social Responsibility

In line with provision of the Companies Act, 2013, the Company has framed its Corporate Social Responsibility (CSR) policy for the development of programs and projects for the benefit of weaker sections of the Society and the same has been approved by CSR Committee and the Board of Directors of the Company.

CSR policy has been uploaded on the Companyâs website at www.shaktipumps.com.

Pursuant to requirements under section 135 and rules made there under a Report on CSR activities and initiatives taken during the in prescribed format is given in Annexure II which is annexed hereto and forms part of Director Report.

Risk Management

Risk management is the process of identification, assessment, and prioritization, of risk followed by coordinated efforts to minimize, monitor and mitigate/control the probability and/ or impact of unfortunate events or to maximize the realization of opportunities. The Company has laid a comprehensive risk assessments and minimization procedure which is reviewed by the audit committee and approved by Board.

Internal Financial Control

According to Section 134(5)(e) of the Companies Act, 2013 the term Internal Financial Control (IFC) means the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to companyâs policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

Contracts and Arrangements with related parties

All transactions entered with related parties during the financial year 2017-18, were on an armâs length basis and were in ordinary course of Business and the provisions of section 188 of the Companies Act, 2013 are not attracted. Further, there are no materially significant related party transactions during the year made by the Company with promoter, Directors, Key Managerial personnel or other designated persons which may have potential conflict with the interest of the Company at large.

All related party transactions are placed before the audit committee for approval. Prior omnibus approval of the audit committee is obtained for the transaction which is of a foreseen and repetitive nature. Transaction entered into pursuant to omnibus approval so granted along with statements giving details of all related party transaction are placed before the audit Committee.

In line with the requirements of the Companies Act, 2013 and SEBI Listing Regulation 2015, the Board has approved a Policy on Related Party Transactions which is also available on Companyâs website at www.shaktipumps.com.

Directors

Mr. Ramesh Patidar, Whole-Time Director (DIN: 00931437) retires from the Board by rotation and being eligible, offer himself for reappointment.

The above is subject to approval of the Shareholders in the ensuing Annual General Meeting.

Re-appointment of Mr. Dinesh Patidar (DIN: 00549552) as Managing Director on the Board with effect from 1st September 2018 to 30th August 2021 for a period of three years, subject to approval of Members of your Company at the ensuing Annual General Meeting.

Policy on Directorsâ Appointment and Remuneration and other details

The Remuneration Policy of the Company is designed to attract, motivate and retain manpower in a competitive and international market. The policy reflects the Companyâs objectives for good corporate governance as well as sustained long-term value creation for shareholders. The Remuneration Policy applies to the Companyâs senior management, including its Key Managerial Person and Board of Directors. The Nomination and Remuneration Policy for the members of Board and Executive Management is available on the Companyâs website, www.shaktipumps.com

Annual Evaluation of Boardâs Performance

In accordance with the provisions of Schedule IV of the Companies Act 2013, a Separate Meeting of the Independent Directors was held on January 29, 2018 without the attendance of Non-Independent Directors and Members of the Management. The Committee has reviewed the performance and effectiveness of the Board in this meeting as a whole for the Financial Year 2017-18.

Finance and Accounts

The agenda for the Finance and Accounts function of your Company is to assist in driving superior performance of the business, pioneer-thought leadership and develop future-ready talent in finance.

- Risk and Internal Adequacy:

Your company has an elaborate Risk Management procedure, which is based on three pillars: Business Risk Assessment, Operational Control Assessment and Policy Compliance processes. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. The Companyâs internal control systems are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested and certified by Statutory as well as Internal Auditors and cover all offices, factories and key business areas. Significant audit observations and follow up actions thereon are reported to the Audit Committee. The Audit Committee reviews adequacy and effectiveness of the Companyâs internal control environment and monitors the implementation of audit recommendations, including those relating to strengthening of the Companyâs risk management policies and systems.

- Goods and Service Tax

Goods and Service Tax (GST) is a landmark reform which will have a lasting impact on the economy and on businesses. Implementation of a well-designed GST model that applies to the widest possible base at a low rate can provide significant growth stimulus to the business and contribution to the Prime Ministerâs mission of âMake in Indiaâ. Your Company has been preparing for migrating to GST for the past year; changes across IT systems. Supply Chain and operations have been made keeping in mind the sweeping changes that GST would bring in. While there are few areas that need to be addressed, the Government has announced an intention to go live on GST on 1st July, 2017 and your Company will be ready for this transformative reform.

Key Managerial Personnel

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:

Mr. Dinesh Patidar: Managing Director (DIN: 00549552)

Mr. Sunil Manoharlal Patidar: Whole Time Director (DIN: 02561763) Mr. Ramesh Patidar: Whole Time Director (DIN: 00931437)

Mr. Akhilesh Maru: Chief Financial Officer

Mr. Ravi Patidar: Company Secretary & Compliance Officer

Number of Meetings of the Board

The details of the number of Board and Audit Committee meetings of the Company are set out in the Corporate Governance Report which forms part of this Report.

Disclosure relating to Remuneration of Directors, key Managerial Personnel and Particulars of Employees

In terms of the provisions of Section 197(12) of the Companies

Act, 2013 read with Rules 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the names and other particulars of the employees drawing remuneration in excess of the limits set out in the said rules is given in Annexure III.

Disclosure by Independent Directors

All Independent Directors have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company is committed to provide the healthy environment to all its employees, the company has in place a Prevention of the Sexual Harassment Policy and an Internal complaints committee as per the requirements of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, The policy aims at educating employees on conduct that constitute sexual harassment, ways and means to prevent occurrence of any such incident, and the mechanism for dealing with such incident, in the unlikely event of its occurrence. The Company has also constituted an Internal Committee as required under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and rules made there under. The Company has zero tolerance on Sexual Harassment at workplace. During the year under review, no complaints were received against the sexual harassment at workplace.

Auditors

The Companyâs auditors M/s. Modi Manoj & Co., Chartered Accountants, who are the statutory auditors of the company, hold office till the conclusion of the 25th Annual General Meeting and being not eligible for reappointment have tendered their resignation. Pursuant to the provisions of Section 139 of Companies Act, 2013 and the rules framed thereunder, it is proposed to appoint M/s. PGS & Associates . (FRN: 122384W), Chartered Accountants, Mumbai, who have given their consent as per the provisions of section 139 (1) to act as Statutory Auditors of the Company and based on the recommendation of the Audit Committee and the Board of directors in its meeting held on 16th August, 2018 for a period of three year from the conclusion of 23rd Annual General Meeting up to the conclusion of the 26th Annual General Meeting, subject to approval of Members in ensuing Annual General Meeting.

The Company has received written consent(s) and certificate(s) of eligibility in accordance with Sections 139, 141 and other applicable provisions of the Companies Act, 2013 and Rules

issued thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) from M/s. PGS & Associates. Further, M/s. PGS & Associates., Chartered Accountants, have confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India as required under the Listing Regulations.

The Auditorâs Report for the financial year 2017-18 does not contain any qualification, reservation or adverse remark.

Secretarial Auditor

The Board has appointed Mr. Manish Maheshwari (FCS 5174), Practicing Company Secretary to conduct the Secretarial Audit of the Company for the financial year 2018-19. The Secretarial Audit Report is annexed herewith Annexure IV to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Cost Auditor

As per the requirement of Central Government and pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014, as amended from time to time, the Company has been carrying out audit of Cost Records.

The Board of Directors, on the recommendation of Audit Committee, has appointed M/s. M.P. Turakhia & Associates, Cost Accountant, as Cost Auditor to audit the cost accounts of the Company for the Financial Year 2018-19 at a remuneration of Rs. 55,000 As required under the Companies Act, 2013. A resolution seeking membersâ approval for the remuneration payable to the Cost Auditor forms part of the Notice convening the Annual General Meeting.

Extract of Annual Return

The extract of Annual Return as on March 31, 2018 in the prescribed Form No. MGT-9, pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12 (1) of the Companies (Management and Administration) Rules, 2014 is attached herewith as ''Annexure V'' and forms part of this Report.

Compliance of Secretarial Standard

The Company has complied with the Secretarial Standards issued by The Institute of Company Secretaries of India and approved by the Central Government as required under Section 118(10) of the Companies Act, 2013.

Vigil Mechanism

The Company has framed a vigil mechanism/whistle blower policy to deal with unethical behavior actual or suspected fraud or violation of the Companies Code of Conducts or ethics policy, if any. The Vigil Mechanism/ whistle blower policy has been uploaded on the website of the Company.

Particulars of Loans given, Investments made, Gaurantees given and Securities provided

The Details of loans, guarantees or investments covered under the provision of under Section 186 of the Companies Act, 2013 are given in the Note to the Financial Statement.

Conservation of Energy, technology absorption and Foreign Exchange earnings and Outgo

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo as stipulated under Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, is set out herewith as âAnnexure VIâ to this Report.

Acknowledgement

The Directors of the Company wish to convey their gratitude and place on record their appreciation for all the employees at all levels for their hard work, solidarity, cooperation and dedication during the year.

The Directors sincerely convey their appreciation to customers, shareholders, vendors, bankers, business associates, regulatory and government authorities for their continued support.

Appreciation and Acknowledgements

Your Directors place on record their deep appreciation to employees at all levels for their hard work, dedication and commitment.

The enthusiasm and unstinting efforts of the employees have enabled the Company to remain as industry leaders.

The board places on record its appreciation for the support and co-operation your company has been receiving from its suppliers, retailers, dealers and other associated with the company.

Your company looks upon them as partners in its progress and has shared with them the rewards of growth. It will be your Companyâs endeavour to build and nurture strong links on mutuality of benefits, respect for and co-operation with each other, consistent with consumer interests.

The Directors also take the opportunity to thank all shareholders, clients, vendors, Banks, Government and Regulatory authorities and stock exchanges, for their continued support.

For and on behalf of the Board of Directors

SHAKTI PUMPS (INDIA) LIMITED

Place: -Pithampur Dinesh Patidar

Dated: -16th August 2018 Chairman

DIN:-00549552

Mar 31, 2017

The Directors have great pleasure in presenting the 22^nd Annual Report and the Company''s Audited Financial Statement for the financial year ended March 31, 2017.

Financial Performance

The financial Summary:- (RS, i_n L_acs)

Particulars	2016-17	2015-16
Sales & Other Income	41171.94	27222.22
Profit before Finance Cost, Depreciation & Tax	6008.70	2949.70
Finance Cost	1596.00	1400.60
Depreciation & Amortization Expenses	1279.80	1206.25
Profit before Tax	3132.90	342.84
Current Tax	877.12	73.79
Deferred Tax	147.04	71.55
MAT Credit Entitlement	(23.42)	-
Profit after Tax	2132.16	197.50

Financial Performance

During the year, your Company has registered sales and other income of RS,41,171.94 lacs as compared to RS,27,222.22 lacs of previous year showing an increase in sales by 51.21%. The Company was able to register growth in domestic sales by 98.71% i.e. RS,31,552.57 lacs in current year as compared to RS,15,879.34 lacs in previous year and decrease in export sales by 12.82% i.e. RS,9,795.75 in current year as compared to RS,11,236.95 lacs in previous financial year. The Company earned profit before depreciation, interest and tax of RS,6,008.70 lacs as against RS,2,949.70 lacs in previous year.

Dividend

The Board has also recommended a dividend of RS,2/- (20%) per fully paid-up Equity Share of H10/- each of the Company, for the year ended March 31, 2017, subject to the approval of the Members at the ensuing Annual General meeting.

Transfer of Reserve

Company has not transferred/utilized any amount from Reserve for distributing dividend.

Listing Information

The Company Shares are listed as follows:

Name of Stock Exchanges

Stock Code/ Symbol

BSE Limited (BSE)

P.J. Towers, Dalal Street, Mumbai-400001

531431

National Stock Exchange of India Limited (NSE) "Exchange Plaza", C - 1, Block - G, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

SHAKTIPUMP

Share Capital

There is no change in the authorized share capital of the company and the authorized share capital of the Company as on 31^st March, 2017 is RS,40.00 crores.

The paid up share capital of the Company as on 31^st March, 2017 is RS,1,83,80,156/- During the year under review the Company has converted its 15,00,000 Compulsory Convertible Preference share into 16,36,363 Equity Shares.

Subsidiaries, Joint Ventures and Associates Companies

As on March 31, 2017 your Company is having following Subsidiaries:

1. Shakti Pumps USA, LLC

2. Shakti Pumps FZE, UAE

3. Shakti Pumps Pty Ltd, Australia

There has been no material change in the nature of the business of the Company and its Subsidiary.

In respect of statements pursuant to Section 129 (3) of the Companies Act, 2013 in Form AOC - 1 attached Annexure ''I''containing details of subsidiaries forms part of this Annual Report.

The Consolidated Financial Statement of the Company prepared as per AS-21, AS-23 and AS-27 Consolidated the company''s account with its Subsidiaries have also been included as part of this Annual Report.

Directors Responsibility Statement

As required by section 134 (3) (c) of Companies Act 2013.

Your Directors state that:

a) in the preparation of the annual accounts for the year ended March 31, 2017, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2017 and of the profit of the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Directors have prepared the annual accounts on a ''going concern'' basis;

e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Management Discussion and Analysis Report

The Management Discussion and Analysis forms an integral part of this Report and gives detail of the overall industry structure, developments, performance and state of affairs of the Company''s various businesses viz., the international pump business operations, internal controls and their adequacy, risk management systems and other material developments during the financial year.

Corporate Governance

Corporate Governance is an ethically driven business process that is committed to values aimed at enhancing an organizations brand and reputation. The Companies Act, 2013 and SEBI (Listing obligation and Disclosure Requirements) Regulation 2015 have strengthened the governance regime in the country. The Company is in compliance with the governance requirements provided under the new law and had proactively adopted many provisions of the new law, ahead of time. The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI.

Deposits

During the financial year 2016-17, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014.

Details of Significant and Materials order passed by the Regulators, Courts, Tribunal

No significant and material order has been passed by the regulator, courts, tribunals impacting the going concern status and Companies operations in future.

Corporate Social Responsibility

CSR policy has been uploaded on the Company''s website at www. shaktipumps.com.

Pursuant to requirements under section 135 and rules made there under a Report on CSR activities and initiatives taken during the in prescribed format is given in annexure II which is annexed hereto and forms part of Director report.

Risk Management

Risk management is the process of identification, assessment, and prioritization, of risk followed by coordinated efforts to minimize, monitor and mitigate/control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. The Company has laid a comprehensive risk assessments and minimization procedure which is reviewed by the audit committee and approved by Board.

Internal Financial Control

According to Section 134(5)(e) of the Companies Act, 2013 the term Internal Financial Control (IFC) means the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to company''s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

Contracts and Arrangements with Related Parties

All transactions entered with related parties during the financial year 2016-17, were on an arm''s length basis and were in ordinary course of Business and the provisions of section 188 of the Companies Act, 2013 are not attracted. The disclosure in form AOC-2 is given Annexure III. Further, there are no materially significant related party transactions during the year made by the Company with promoter, Directors, Key Managerial personnel or other designated persons which may have potential conflict with the interest of the Company at large.

In line with the requirements of the Companies Act, 2013 and SEBI (Listing Regulations aqnd disclosure Requirements) Regulations, 2015, the Company has formulated a Policy on Related Party Transactions which is also available on Company''s website at www. shaktipumps.com.

Directors

Mr. Sunil Patidar, Whole-Time Director (DIN: 002561763) retires from the Board by rotation and being eligible, offer himself for reappointment.

The above is subject to approval of the Shareholders in the ensuing Annual General Meeting.

Re-appointment of Mr. Ramesh Patidar (DIN: 00931437)as Wholetime Director on the Board with effect from 17^th October, 2016 to 16^th October, 2021 for a period of five years, subject to approval of Members of your Company at the Annual General Meeting.

Re-appointment of Mr. Shyam Sunder Raghuvanshi (DIN: 02285757)as Independent Director on the Board with effect from 01^st August, 2017 to 31^st July, 2020 for a period of three years, subject to approval of Members of your Company at the Annual General Meeting.

Confirmation of Mr. Pramod Kumar Bhavsar (DIN:07825119 ) as an Independent Director who has been appointed in Board Meeting held on 19.05.2017 to hold office till the conclusion of the ensuing Annual General Meeting of the Company subject to approval of Members of your Company at the Annual General Meeting.

Mr. Bal Mukund Sharma (DIN: 07018632) has been resigned from the post of Independent Director on July 25, 2016 and Mr. Raj Kumar Jain (DIN: 01092456) has been resigned from the post of Independent Director on February 06, 2017.

Policy on Directors'' Appointment and Remuneration and Other Details

The Remuneration Policy of the Company is designed to attract, motivate and retain manpower in a competitive and international market. The policy reflects the Company''s objectives for good corporate governance as well as sustained long-term value creation for shareholders. The Remuneration Policy applies to the Company''s senior management, including its Key Managerial Person and Board of Directors. The Nomination and Remuneration Policy for the members of Board and Executive Management is available on the Company''s website, www.shaktipumps.com

Annual Evaluation of Board''s Performance

In accordance with the provisions of Schedule IV of the Companies Act 2013, a separate meeting of the Independent Directors was held on February 06, 2017. Without the attendance of Non-Independent Directors and Members of the Management. The Committee has reviewed the performance and effectiveness of the Board in this meeting as a whole for the Financial Year 2016-17.

Finance & Accounts

The agenda for the Finance and Accounts function of your Company is to assist in driving superior performance of the business, pioneer-thought leadership and develop future-ready talent in finance.

- Risk and Internal Adequacy:

Your company has an elaborate Risk Management procedure, which is based on three pillars: Business Risk Assessment,

Operational Control Assessment and Policy Compliance processes. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. The Company''s internal control systems are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested and certified by Statutory as well as Internal Auditors and cover all offices, factories and key business areas. Significant audit observations and follow up actions thereon are reported to the Audit Committee. The Audit Committee reviews adequacy and effectiveness of the Company''s internal control environment and monitors the implementation of audit recommendations, including those relating to strengthening of the Company''s risk management policies and systems.

- Goods and Service Tax

Goods and Service Tax (GST) is a landmark reform which will have a lasting impact on the economy and on businesses. Implementation of a well-designed GST model that applies to the widest possible base at a low rate can provide significant growth stimulus to the business and contribution to the Prime Minister''s mission of "Make in India". Your Company has been preparing for migrating to GST for the past year; changes across IT systems. Supply Chain and operations have been made keeping in mind the sweeping changes that GST would bring in. While there are few areas that need to be addressed, the Government has announced an intention to go live on GST on 1^st July, 2017 and your Company will be ready for this transformative reform.

Key Managerial Personnel

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:-Mr. Dinesh Patidar: - Managing Director (DIN: 00549552)

Mr. Sunil Manoharlal Patidar: - Whole Time Director (DIN: 02561763)

Mr. Ramesh Patidar: - Whole Time Director (DIN: 00931437)

Mr. Akhilesh Maru: - Chief Financial Officer

Mr. Ravi Patidar: - Company Secretary & Compliance Officer

Number of Meetings of the Board

The details of the number of Board and Audit Committee meetings of the Company are set out in the Corporate Governance Report which forms part of this Report.

Disclosure Relating to Remuneration of Directors, Key Managerial Personnel and Particulars of Employees

In terms of the provisions of Section 197(12) of the Companies Act, 2013 read with Rules 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the names and other particulars of the employees drawing remuneration in excess of the limits set out in the said rules is given in annexure IV .

Disclosure by Independent Directors

All Independent Directors have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Disclosure Under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The company has a policy and it provides for protection against sexual harassment of woman at work place and for prevention and redressal of such complaints.

The Company has zero tolerance on Sexual Harassment at workplace. During the year under review, no complaints were received against the sexual harassment at workplace.

Auditors

M/s Modi Manoj & Co., Chartered Accountants, having Firm Registration No. 030165N, New Delhi were appointed as Statutory Auditors of your Company at the Annual General Meeting held on 27^th September 2016, for a term of five consecutive years. As per the provisions of Section 139 of the Companies Act, 2013, the appointment of Auditors is required to be ratified by Members at every Annual General Meeting. The Report given by the Auditors on the financial statements of the Company is part of the annual report. There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report.

Secretarial Auditor

The board has appointed M/s M. Maheshwari & Associates, Practising Company Secretary to conduct the Secretarial Audit of the company for the financial year 2017-18. The Secretarial Audit Report for the financial year 2016-17 is annexed herewith as "Annexure V" to this report. The Secretarial Audit Report contains adverse remark regarding late filling of Form CRA-4 for Report of Cost Auditor.

Explanation to Adverse Remark

The filling of Form CRA-4 was overlooked due to other occupancies, and the same is in process of filling.

Cost Auditor

The Board of Directors, on the recommendation of Audit Committee, has appointed M/s. M.P. Turakhia & Associates, Cost Accountant, as Cost Auditor to audit the cost accounts of the Company for the Financial Year 2017-18 at a remuneration of RS,55,000 As required under the Companies Act, 2013. A resolution seeking members'' approval for the remuneration payable to the Cost Auditor forms part of the Notice convening the Annual General Meeting.

Extract of Annual Return

The extract of Annual Return as on March 31, 2016 in the prescribed Form No. MGT-9, pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12 (1) of the Companies(Management and Administration) Rules, 2014 is attached herewith as ''Annexure VI'' and forms part of this Report.

Vigil Mechanism

Particulars of Loans Given, Investments Made, Guarantees Given and Securities Provided

The Details of loans, guarantees or investments covered under the provision of under Section 186 of the Companied Act, 2013 are given in the Note to the Financial Statement.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

Acknowledgement

The Directors sincerely convey their appreciation to customers, shareholders, vendors, bankers, business associates, regulatory and government authorities for their continued support.

Appreciation and Acknowledgments

Your Directors place on record their deep appreciation to employees at all levels for their hard work, dedication and commitment. The enthusiasm and unstinting efforts of the employees have enabled the Company to remain as industry leaders.

The board places on record its appreciation for the support and cooperation your company has been receiving from its suppliers, retailers, dealers and other associated with the company. Your company looks upon them as partners in its progress and has shared with them the rewards of growth. It will be your Company''s Endeavour to build and nurture strong links on mutuality of benefits, respect for and cooperation with each other, consistent with consumer interests.

The Directors also take the opportunity to thank all shareholders, clients, vendors, Banks, Government and Regulatory authorities and stock exchanges, for their continued support.

For and on behalf of the Board of Directors

SHAKTI PUMPS (INDIA) LIMITED

Dinesh Patidar

Place:-Pithampur Chairman & Managing Director

Dated:-28.07.2017 DIN:-00549552

Mar 31, 2016

The Directors have great pleasure in presenting the 21^st Annual Report and the Company''s Audited Financial Statement for the financial year ended March 31, 2016.

Financial Highlights

The financial Summary

(Rs. In Lacs)

Particulars	2015-16	2014-15
Sales & Other Income	27,222.22	30,997.50
Profit before Finance Cost, Depreciation & Tax	2,949.70	5,801.48
Less: Finance Cost	1,400.60	1,316.64
Depreciation & Amortization Expenses	1,206.25	982.36
Profit before Tax	342.84	3,502.47
Current Tax	73.79	880.04
Deferred Tax	71.55	50.04
Profit after Tax	197.50	2,572.02

Financial Performance

During the year, your Company has registered sales and other income Rs.27, 222.22 Lacs as compared to Rs.30997.50 Lacs during previous year, a decrease of 12.18% while the domestic sales up by 7.36% to Rs.15, 147.84 Lacs, export sales declined by 28% to Rs.11, 236.94 Lacs. This was primarily due to slackness in international market as a result of its lower sales and corresponding impact of operational leverage. The Company earned profit before depreciation, interest and tax of Rs.2949.70 Lacs as against Rs.5801.48 Lacs in the previous year. Company has already taken effective steps to improve the earnings and is confident of attaining better results during the year.

Dividend

The Board has paid a dividend at the stipulated rate of Rs.15 per share on the 15% compulsory convertible Preference Shares of Rs.100/- each of the Company for the year ended March 31, 2016. Considering the Company''s performance and financial position for the year under review, the Board has also recommended a dividend of Rs.1.5/- (15%) per fully paid-up Equity Share of Rs.10/- each of the Company, for the year ended March 31, 2016, subject to the approval of the Members at the ensuing Annual General meeting. The Compulsory Convertible Preference Shares has been converted into equity shares on 9th May, 2016. Therefore the holders of equity shares after conversion is not entitled to receive dividend declared on equity shares.

Transfer of Reserve

Company has transferred/utilized a sum of Rs.2,51,15,690/form Reserves for distributing dividend as there was no sufficient accrual during the current year for distribution of dividend.

Listing Informationâs

The shares of the Company are listed with the BSE Limited and also at National Stock Exchange of India Limited (NSE).

Share Capital

There is no change in the authorized share capital of the company and the authorized share capital of the Company as on 31^st March, 2016 is Rs.40, 00, 00,000. The paid up share capital of the Company as on 31^st March, 2016 is Rs.31,74,37,930/- During the year under review the Company has not issued any Equity shares.

Subsidiaries, Joint Ventures and Associates Companies

As on March 31, 2016 your Company is having following Subsidiaries:

1. Shakti Pumps LLC, USA

2. Shakti Pumps FZE, UAE

3. Shakti Pumps PTY LTD Australia

There has been no material change in the nature of the business of the Company and its Subsidiary. The Consolidated Financial Statement of the Company prepared as per the Accounting standards AS-21, AS-23, & AS-27, Consolidated Financial Statement of the company with its Subsidiaries have also been included as part of this Annual Report.

Directors Responsibility Statement

As required by section 134 (3) (c) of Companies Act 2013. Your Directors state that:

a) In the preparation of the annual accounts for the year ended March 31, 2016, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2016 and of the profit of the Company for the year ended on that date;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a ''going concern'' basis;

e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Management Discussion and Analysis Report

The Management Discussion and Analysis forms an integral part of this Report and gives detail of the overall industry structure, developments, performance and state of affairs of the Company''s various businesses, in domestic and International pump business, internal controls and their adequacy, risk management systems and other material developments during the financial year.

Corporate Governance

Corporate Governance is an ethically driven business process that is committed to values aimed at enhancing an organizations brand and reputation. The Companies Act, 2013 and amended Listing Agreement and SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 have strengthened the governance regime in the country. The Company is in compliance with the governance requirements provided under the new law and had proactively adopted many provisions of the new law, ahead of time. The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI.

A separate report on Corporate Governance is provided together with a Certificate from the Statutory Auditors of the Company regarding compliance of conditions of Corporate Governance A Certificate of the MD and CFO of the Company, inter alia, confirming the correctness of the financial statements and cash flow statements, adequacy of the internal control measures and reporting of matters to the Audit Committee, is also annexed.

Deposits

During the financial year 2015-16, the Company has not accepted any deposit within the meaning of Section 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014.

Details of Significant and Materials Order Passed by the Regulators, Courts, Tribunal

No significant and material order has been passed by the regulator, courts, tribunals impacting the going concern status and Companies operations in future.

Corporate Social Responsibility

CSR policy has been uploaded on the Company''s website at www.shaktipumps.com. Pursuant to requirements under section 135 and rules made there under a Report on CSR activities and initiatives taken during the in prescribed format is given in Annexure I which is annexed hereto and forms part of Director report.

Risk Management

Internal Financial Control

According to Section 134(5)(e) of the Companies Act, 2013 the term Internal Financial Control (IFC) means the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to company''s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

Contracts and Arrangements with Related Parties

All transactions entered with related parties during the financial year 2015-16, were on an arm''s length basis and were in ordinary course of Business and the provisions of Section 188 of the Companies Act, 2013 are not attracted. Therefore a NIL report attached in form AOC-2 as Annexure II. Further, there are no materially significant related party transactions during the year made by the Company with promoter, Directors, Key Managerial personnel or other designated persons which may have potential conflict with the interest of the Company at large.

All related party transaction is placed before the audit committee for approval. Prior omnibus approval of the audit committee is obtained for the transaction which is of a foreseen and repetitive nature. Transaction entered into pursuant to omnibus approval so granted along with statements giving details of all related party transaction are placed before the audit Committee.

In line with the requirements of the Companies Act, 2013 and SEBI Listing Regulation 2015, the Company has formulated a Policy on Related Party Transactions which is also available on Company''s website at www.shaktipumps.com.

Directors

Mr. Ramesh Patidar Whole-Time Director (DIN 00931437) retires from the Board by rotation and being eligible, offer himself for reappointment. The above is subject to approval of the Shareholders in the ensuing Annual General Meeting.

Policy on Director''s Appointment and Remuneration and Other Details

Annual Evaluation of Board''s Performance

In accordance with the provisions of Schedule IV of the Companies Act 2013, a Separate Meeting of the Independent Directors was held on November 06, 2015 without the attendance of Non-Independent Directors and Members of the Management. The Committee has reviewed the performance and effectiveness of the Board in this meeting as a whole for the Financial Year 2015-16.

Key Managerial Personnel

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:-

Mr. Dinesh Patidar: - Managing Director (DIN: 00549552)

Mr. Sunil Patidar: - Whole Time Director (DIN: 02561763)

Mr. Ramesh Patidar:- Whole Time Director (DIN: 00931437)

Mr. Akhilesh Maru: Chief Financial Officer

Mr. R. Shadananan: Company Secretary & Compliance Officer (w.e.f. 1^st May, 2015)

Number of Meetings of the Board

The details of the number of Board Meetings and Audit Committee meetings of the Company are set out in the Corporate Governance Report which forms part of this Report.

Disclosure Relating to Remuneration of Directors, Key Managerial Personnel and Particulars of Employees:

Disclosure by Independent Directors

All Independent Directors have given their declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013 and Clause 49 of the Listing Agreement/Relevant Provisions of SEBI Listing Regulations.

-Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressed) Act, 2013.

The company has a policy and it provides for protection against sexual harassment of woman at work place and for prevention and redressed of such complaints. The Company has zero tolerance on Sexual Harassment at workplace. During the year under review, no complaints were received against the sexual harassment at workplace.

Auditors

The Companies auditors M/s Vinay Gandhi & Associates, Chartered Accountants, who are the statutory auditors of the Company, hold office till the conclusion of the forthcoming AGM and being not eligible for reappointment have tendered their resignation. Pursuant to the provisions of section 139 of the Companies Act, 2013 and the Rules framed there under, it is proposed to appoint M/s Modi Manoj & Co., Chartered Accountants having Firm Registration No. 030165N, New Delhi, who have given their consent as per the provisions of section 139 (1) to act as Statutory Auditors of the Company from the conclusion of the forthcoming AGM till the conclusion of the twenty-fifth AGM to be held in the year 2021, subject to approval of Members in Annual General Meeting. The Notes on financial statement referred to in the Auditors'' Report are self-explanatory and do not call for any further comments. The Auditors'' Report does not contain any qualification, reservation or adverse remark.

Secretarial Auditor

The Board has appointed M/s M. Maheshwari & Accociates, Company Secretary to conduct the Secretarial Audit of the Company for the financial year 2015-16. The Secretarial Audit Report is annexed herewith "Annexure IV" to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Cost Auditor

The Board of Directors, on the recommendation of Audit Committee, has appointed M/s. Mihir Turkhia & Associates, Cost Accountant, as Cost Auditor to audit the cost accounts of the Company for the Financial Year 2016-17 at a remuneration of Rs.50, 000/- As required under the Companies Act, 2013. a resolution seeking members'' approval for the remuneration payable to the Cost Auditor forms part of the Notice convening the Annual General Meeting.

Extract of Annual Return

-The extract of Annual Return as on March 31, 2016 in the prescribed Form No. MGT-9, pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12 (1) of the Companies(Management and Administration) Rules, 2014 is attached herewith as "Annexure V" and forms part of this Report.

Vigil Mechanism

The Company has framed a Vigil Mechanism/Whistle Blower policy to deal with unethical behavior actual or suspected fraud or violation of the Companies Code of Conducts or ethics policy, if any. The Vigil Mechanism/ Whistle Blower policy has been uploaded on the website of the Company.

Particulars of Loans given, Investments made, Guarantees given and Securities provided

The Details of loans, guarantees or investments covered under the provision of under Section 186 of the Companies Act, 2013 are given in the Note to the Financial Statement.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

Acknowledgement

The Directors sincerely convey their appreciation to customers, shareholders, vendors, bankers, business associates, regulatory and government authorities for their continued support.

For and on behalf of the Board of Directors

Place: Pithampur Dinesh Patidar

Dated: 26.07.2016 Chairman & Managing Director

(DIN: 00549552

Mar 31, 2014

Dear Shareholders,

The Directors are pleased to present the 19th Annual Report and the audited accounts for the financial year ended March 31, 2014

Financial Results

The financial performance of the Company, for the year ended March 31, 2014 is summarized below:

1. Financial Results

(Rs. In Lakhs)

F.Y. 2013-14 F.Y. 2012-13

Revenue 30674.17 21689.92

Operating Profit Before Interest, Depreciation and Tax 5505.20 3838.36

Interest and other Financial Charges (Net) 1258.61 1218.45

Depreciation and Amortization 676.71 500.53

Provision for Taxation 918.53 274.77

Net Profit 2651.34 1844.59

Appropriations

Proposed Dividend on Equity Shares 304.87 152.43

Tax on Proposed Dividend 51.81 24.72

2. Dividend

Your Directors have recommended a dividend of Rs.2.00 per Equity Share for the financial year ended March 31, 2014, amounting to Rs.356.68 Lakhs (inclusive of tax ofRs.51.81 Lakhs).

3. Company''s Performance

During the year, your Company has registered a revenue of Rs. 30674.17 Lakhs as compared Rs. 21689.92 Lakhs showing an increase of 41 % over the previous year turnover. The export of the Company increased from Rs. 13822.42 Lakhs to Rs. 20751.45 Lakhs showing an increase of 50 % over previous year and the company has registered domestic sales of Rs. 8903.78 Lakhs as compared to Rs. 7211.11 Lakhs showing an increase of 23.46 % over the previous year.

The Company earned profit before depreciation, interest and tax of Rs. 5505.20 Lakhs as against Rs. 3838.36 Lakhs in the previous year, showing a growth of 43 % over previous year.

4. International Business

Complying with the company''s policy of extensive global growth, The company is assiduously working towards achieving a strong presence in BRICS, G20, European Union and other growing countries of the world in the coming years. Further, efforts are also on to increase the Dealer Network to 100 more in the next 2 years as a way to complement the growth.

The company is having two overseas subsidiaries, one in USA and another in UAE. Going ahead the company is also planning to establish its third wholly owned subsidiary in Australia to expedite the delivering process in Australian continent.

5. Outlook

A two trillion dollar economy catering to a billion-plus population! The statement sums up adequately the vast opportunities that lie ahead of India. As per various studies, the economy of India is the tenth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. According to the IMF, India is the 19th-largest exporter and the 10th-largest importer in the world.

More so, in the agricultural sector, as this happens to be the country''s main occupation even today! Naturally, we at Shakti Pumps are optimistic about leveraging high-sales in agricultural pumps in the coming times. After all, it has also been observed that India ranks second worldwide in farm output. And despite a steady decline of its share in the GDP, agriculture is still the largest economic sector and a significant piece of the overall socio-economic development of India.

In the international market too, we are confident of increase in order intakes as also sales revenue, despite modest growth in global economy. Essentially because Shakti Pumps are in demand across more than 100 countries today- a figure that is likely to grow up further in the coming years. And so by 2020-21, we aim at achieving top line ofRs. 5500 crore with the net margin of 9-10%

6. Govt. Policies

Ministry of New and Renewable Energy (MNRE) has taken to popularize solar pumping solutions with the help of various state governments. It is certainly a matter of great pride that for quite some time now, our pumps are being made available to the farmers/institutions in Madhya Pradesh, Chhattisgarh & Rajasthan at the recommendation of MNRE as also the state government.

7. Other Growth Plans

With strong R&D to our side, we are now also focusing on industrial and agricultural pumps in a big way so as to meet the requirements of institutional as also Govt. businesses. Expansion of our standard business, continued development of products and concentrated efforts to further improve after- sales service- will also be our top priority.

Innovation and R&D are factors that contribute to long sustainability. Thus, we also have plans to launch many new products like high capacity solar pumps. In the same way we have plans to enhance the range of booster pumps, open well pumps, hydro- pneumatic systems as also updating other products as per customer requirements. We are also in process of developing high quality energy conservative sewage pumps, slurry pumps, waste water pumps, hot water pumps, etc.

8. Directors

As per the provisions of the Companies Act, 2013, Mr. Ramesh Patidar (DIN: 00931437) will retire in the ensuring Annual General Meeting and being eligible, seek re-appointment.

Our non-executive (independent) directors were appointed as directors liable to retire by rotation under the provisions of the erstwhile Companies Act, 1956. The Board of Directors has been advised that non-executive (independent) directors so appointed would continue to serve the term that was ascertained at the time of appointment, therefore, it stands to reason that only those non- executive (independent) directors who will complete their present term at the ensuing Annual General Meeting of the Company, being eligible and seeking re-appointment be considered by the shareholders for re-appointment for a term as per resolutions.

Ms. Pooja Mahajan appointed as Nominee Director as IFCI Venture''s nominee under Green India Venture Fund (GIVF) with effect from December 11, 2013.

Ms. Poonam Garg withdrawal as Nominee Director as IFCI Venture''s nominee under Green India Venture Fund (GIVF) with effect from December 11, 2013.

9. Directors'' Responsibility Statement

Pursuant to requirement under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, the Directors confirm:

a. That in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures;

b. That the Directors selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as March 31, 2014 and of the profit of the Company for the year ended on that date;

c. That the Directors took proper and sufficient care to maintain adequate accounting records in accordance with provisions of the Companies Act, 1956 for safeguarding the Company''s assets and for preventing and detecting fraud and other irregularities;

d. That the Directors prepared the Annual Accounts on a going concern basis;

e. That the Company has adequate internal systems and controls in place to ensure compliance of laws applicable to the Company.

10. Human Resource Development

At Shakti Pumps, our inherent strength is determined by our highly skilled and motivated workforce. It is their collective passion and commitment that has helped the organisation to scale great heights.

All in all, we sincerely believe that our employees are the most valuable assets of the Company. Which is why, we constantly focus on encouraging innovation, meritocracy and attaining excellence.

11. Corporate Social Responsibility

In accordance with the company''s ethos, SEVA - a Shakti Foundation was started in Nov.2012. Established as a non-profit trust, the initiative aims at contributing towards the welfare of the destitute, rural poor and economically disadvantaged section of the society. In this regard, we express our gratitude to the honorary members of the Trust for their unfathomable support to the cause.

12. Internal Control System

The Company has a well placed, proper and adequate internal control system, which ensures that the efficiency and profitability of operations, the reliability of information, adhering to rules regulations, that all assets are safeguarded and protected, and that the transactions are authorized, recorded and reported correctly.

13. Fixed Deposits

The Company did not accept any public deposit and, as such, no amount on account or principal or interest on public deposits was outstanding as on the date of the balance sheet.

14. Transfer to investor education & protection fund

During the year, the Company has transferred a sum of Rs. 59,168/- to Investor Education & Protection Fund, the amount which was due & payable and remained unclaimed and unpaid for a period of seven years, as provided in Section 205C (2) of the Companies Act, 1956.

15. Particulars of employees

No employee was in receipt of remuneration exceeding the limits set out under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

16. Insurance

All insurable interests of the Company including inventory, building, plant and machinery and others are adequately insured.

17. Auditors

M/s Vinay Gandhi & Associates, Chartered Accountants, who are the Statutory Auditors of the Company, hold office, in accordance with the provisions of the Act till the conclusion of the forthcoming Annual General Meeting and are eligible for re-appointment.

18. Cost Audit

M/s Mihir Turkhia & Associate, Cost Accountant, who is the Cost Auditor relating to Pumps and Motors for the year ended March 31, 2014. The Cost Audit Report for the Financial Year 2012-13 was filed by the Company within the prescribed due date. The Cost Audit Report for the Financial Year 2013-14 is expected to be filed within the prescribed time.

19. Secretarial Audit Report

As a measure of good Corporate Governance practice, the Board of Directors appointed Mr. Manish Maheshwari, Practicing Company Secretary, to conduct the Secretarial Audit. The Secretarial Audit Report for the financial year ended March 31, 2014 is provided in the Annual Report.

20. Corporate Governance Report and Management Discussion and Analysis Statement.

The Company is committed to maintaining the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI.

A report on Corporate Governance is attached to this Report as also a Management Discussion and Analysis Statement.

21. Conservation of energy, technology absorption, foreign exchange earnings and outgo

Details of energy conservations as also research and development activities undertaken by the Company along with the information in accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, are given as an Annexure-I to the Directors'' Report.

22. Acknowledgment

The Directors wish to convey their appreciations to all of the Company''s employees for their enormous personnel efforts as well as their collective contributions to the Company''s performance.

The Directors thank shareholders, customers, dealers, suppliers, bankers, Government of India, the Government of various countries, the concerned State Governments, Government departments and Government agencies for the continuous support given by them to the Company and their confidence in its management.

For and on behalf of the Board of Directors

SD/-

Dinesh Patidar

Chairman and Managing Director

Place: Pithampur Date : May 14, 2014

Mar 31, 2013

The are delighted to present the report on our business and operations for the year ended March 31, 2013

1. Result of Our Operations

(In Lakhs) 2011-12 2012-13

Gross Turnover 19305.81 21033.54

Operating Profit Before Interest, Depreciation and Tax 3195.36 3838.36

Interest and other Financial Charges (Net) 929.04 1218.46

Depreciation and Amortisation 405.15 500.53

Provision for Taxation 443.72 274.77

Net Profit 1417.45 1844.59

Add: Balance brought forward from the previous year 1417.45 1844.59

Profit Available for Appropriation Appropriations

Proposed Dividend on Equity Shares 140.43 152.44

Tax on Proposed Dividend 22.78 24.28

General Reserve 1237.21 1667.87

2. Dividend Based on Company''s performance, the Directors are pleased to recommend for approval of the members a final dividend of Re.1/-per share for the financial year 2012-13. The final dividend, if approved by the members would involve a cash outflow of H176.72 Lakhs including dividend tax.

3. Company''s Performance

During the financial year 2012-13, the global economic environment was on a slow growth path. During the year, your Company has registered a turnover H21033.54 Lakhs as compared H19305.81 Lakhs showing an increase of 9% over the previous year turnover. The export of the Company increased from H11125.61 Lakhs to H13822.43 Lakhs showing an increase of 24.23% over the previous year owing to enhanced production and better product/market penetration.

The Company earned profit before depreciation, interest and tax of H3838.36 Lakhs as against H3195.36 Lakhs in the previous year, showing a growth of 20%

4. Future Outlook

Despite only moderate growth in the global economy, we except order intake and sales revenue to grow in coming years. In next three years we incline to achieve top line of H600 crore with the net margin of 9-10%. We have plans to register our presence in all BRICS, G20 and European Union and in other growing countries in coming years. Shakti is also committed to increase the Branch Network to 30 and Dealer network to 100 in coming two year. We assume in coming years, govt. focus will be on energy, conservation with star rated pumps and international focus on renewable energy products like solar pumps will drive our growth. Solar pumping solutions are the next big buzz in the sector as many state govt. with MNRE are coming up with solar pumping projects. With our strong R&D capabilities we are moving towards industrial pumps, solar pumps to target institutional and Govt. business. We have also plans to set up or acquire small plants in other region of the country so we can cater across regions in coming two years. Expansion of the standard business, continued development products and after sales service will be important priorities.

Innovation and R&D is the key of long sustainability, we have plans to launch many new products like high capacity solar pumps, enhance the range of booster pumps, upgraded open well pumps, and hydro pneumatic systems and update products as per customer requirements. We are also in process to develop high quality energy conservative sewage pumps, slurry pumps, waste water pumps, hot water pumps etc.

5. Directors

Mr. Navin Patwa retires by rotation and being eligible, offer himself for re-appointment.

Mr. S.S. Raghuwansi retires by rotation and being eligible, offers himself for re-appointment.

6. Directors'' Responsibility Statement

Pursuant to requirement under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, the Directors confirm: 1. That in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.

2. That the Directors selected such accounting policies and applied them consisting and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for 2012-13.

3. That the Directors took proper and sufficient care to maintain adequate accounting records in accordance with provision of the Companies Act, 1956 for safeguarding the Company''s assets and for preventing and detecting fraud and other irregularities.

4. That the Directors prepared the Annual Accounts on a going concern basis.

7. Human Resource Development

SHAKTI draws its strength from a highly engaged and motivated workforce, whose collective passion and commitment has helped the organisation scale new heights. Our employees are the most valuable assets of the Company. We encourage innovation, meritocracy and the pursuit of excellence.

8. Shakti Foundation

We established the Shakti Foundation in November, 2012, as a non-profit trust to support our social initiatives. The foundation supports programs and organisation devoted to the welfare of the destitute, rural poor, and economically disadvantaged section of the society.

We express our gratitude to the honorary trustees of the Foundation for contributing their valuable time and energy to its activities.

9. Awards/Recognitions

During the year, the Company received various awards and recognitions, some of which are given below:

- Awarded "2012 EPC Outstanding Pump Company award"

- Awarded "Best SEZ Exporter" & Second Runner-up for the category "Best Manufacturer-Exporter (Medium) Â''ECGC- D&B Indian Exporters'' Excellence Awards 2012'' by ECGC- D&B.

- Awarded "POWER BRANDS RISING STATR-2013" at Las Vegas by Glam me awards Planman Consulting.

10. Internal Control System

The Company has a well placed, proper and adequate internal control system, which ensures that all assets are safeguarded and protected and that the transactions are authorised, recorded and reported correctly.

11. Fixed Deposits

The Company did not accept any public deposit and, as such, no amount on account or principal or interest on public deposits was outstanding as on the date of the balance sheet.

12. Particulars of employees

No employee was in receipts of remuneration exceeding the limits set out under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

13. Insurance

All insurable interests of the Company including inventory, building, plant and machinery and others are adequately insured.

14. Auditors

The Auditors M/s Vinay Gandhi & Associates, Chartered Accountants, Indore shall cease to hold office at the end of the ensuring Annual General Meeting and being eligible offers themselves for re-appointment.

15. Cost Audit

The Report of M/s Mihir Turkhia & Associate, Cost Accountant, relating to Pumps and Motors for the year ended 31st March, 2013 will be submitted to the Central Government in due course.

16. Secretarial Audit Report

As a measure of good Corporate Governance practice the Board of Directors appointed Mr. Manish Maheshwari, Practicing Company Secretary, to conduct the Secretarial Audit. The Secretarial Audit Report for the financial year ended March 31, 2013 is provided in the Annual Report.

17. Corporate Governance Report and Management Discussion and Analysis Statement.

The Company is committed to maintained the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI.

A report on Corporate Governance is attached to this Report as also a Management Discussion and Analysis Statement.

18. Conservation of energy, technology absorption, foreign exchange earnings and outgo

The particulars as prescribed under Section 217(1) (e) of the Act, read with the Companies (Disclosure of Particulars in the Annexure to this Report)

19. Acknowledgement

The Directors thank the Company''s customers, vendors, investors, business associates, banker''s, academic institutions for their support to the Company.

The Directors also thank Government of India, the Government of various countries, the concerned State Governments, Government departments and Government agencies for their co-operation.

The Directors also wish to place on record their deep sense of appreciation for the committed services by the executives, staff and workers of the Company.

For and on behalf of the Board of Directors

Place: Pithampur Dinesh Patidar

Date: 12th August, 2013 Chairman and Managing Director

Mar 31, 2012

The Directors have pleasure in pursuing their 17th Annual Report along with the audited accounts of the Company for the year ended 31st March, 2012.

1. Financial Review

Financial Results 2010-11 2011-12

Gross Turnover 13493.23 19305.81

Operating profit 2557.51 3195.36

Interest and other financial charges (Net) 607.87 929.04

Depreciation and amortization 299.24 405.15

Provision for taxation 318.81 4.43

Net Profit After Tax 1331.59 1417.45

Profit Available for Appropriation 1331.59 1417.45

Appropriations

Proposed dividend on equity shares 140.43 140.43

Tax on proposed dividend 23.32 22.78

General reserve (after necessary 1158.77 1237.21 appropriation)

2. Dividend

Your Directors recommend for approval of the members a final dividend of 10% (Re.1/-per share) for the financial year 2011-12. The final dividend, if approved by the members would invoke a cash outflow of Rs.16322047/- including dividend tax.

3. Operating Result and business

Overall 2011-12 has been a satisfying year. During the year, your Company has registered a turnover Rs. 19,305.81 lakhs as compared Rs. 13493.23 lakhs showing an increase of 43% over the previous year turnover. The revenues generated from exports increased from Rs.7589.26 lakhs to Rs.11125.61 lakhs showing an increase of 46.59% over the previous year.

The Company earned operating profit of Rs.3195.36 lakhs as against Rs.2557.51 lakhs in the previous year, showing a growth of 24.94%.

4. Future Outlook

The Company expects to generate 35% annual revenue growth around 9% net margin leading to a turnover of Rs.500 cr by 2015, strengthening our investable surplus.

The Company leveraged its rich product understanding to expand to the manufacture of alternative pumps with diverse applications. Some of the upcoming products are as like:

1. SHAKTI BOOSTER MODEL

Applications-

- Seal-less pumps

- Pumps capable of coping with high system pressures

- High heads

- Quiet operation

- Minimum maintenance

- Water treatment capabilities such as:

- Reverse osmosis in domestic water supply systems

- Utilisable in hospitals, laboratories as well as chemical, electronics and metal industries

- ultra-filtration in chemical and galvanic industries

- Utilisable in painting workshops, metal and mineral industries

- Liquid transfer

- Pressure boosting

- Closed circulation systems with a high static pressure

2. CRP PUMPS

Application:-

- Domestic Water Supply

- Over-head tanks

- Home pressure boosting

- Construction Sites

- Gardens/Fountains

3. HYDRO PRESSURE BOOSTING PUMPS

Application:-

- Pressure boosting of clear water in high-rise apartments,

- Commercial buildings and row houses in housing projects

- Pressurised water supply in hotels, hospitals and hostels

- Sprinkler irrigation of golf courses, sports fields and large farms

4. SMTR (Immersable Pump)

Application:-

- Suitable for liquid transfer in

- CNC Machines for coolant

- Spark machine tools

- Grinding machines

- Machining centres

- Cooling units

- Industrial washing machines

- Filtering systems

- Lathes

- Swarf conveyors

5. Directors

Mr. Rajkumar Jain retires by rotation and being eligible, offer himself for reappointment.

Mr. S.S. Raghuwansi retires by rotation and being eligible, offers himself for reappointment.

Mr. Navin Patwa appointed as Additional Director

Ms. Poonam Garg appointed as Nominee Director

Mr. Lalit Garg resigned as Independent Director

Mr . P.L. Nene resigned as Independent Director

Mr. S.P. Arora withdrawl as Nominee Director

6. Directors' Responsibility Statement

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm that

1. That in the preparation of the annual accounts, the applicable accounting standards were followed along with proper explanations relating to material departures.

2. That the Directors selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for 2011-12.

3. That the Directors took proper and sufficient care to maintain adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the Company's assets and for preventing and detecting fraud and other irregularities.

4. That the Directors prepared the annual accounts on a 'going concern' basis.

7. Fixed Deposits

The Company did not accept any public deposit and, as such, no amount on account or principal or interest on public deposits was outstanding as on the date of the balance sheet.

8. Particulars of employees

No employee was in receipts of remuneration exceeding the limits laid down under Section 217 (2A) of the Companies Act, 1956.

9. Insurance

All insurable interests of the Company including inventory, building, plant and machinery and others are adequately insured.

10. Auditors

The Auditors M/s Vinay Gandhi & Associates, Chartered Accountants, Indore shall cease to hold office at the end of the ensuring Annual General Meeting and being eligible offers themselves for reappointment.

11. Corporate Governance Report and Management Discussion and Analysis Statement.

A report on Corporate Governance is attached to this Report as also a Management Discussion and Analysis Statement.

12. Cost Audit

The Company has appointed M/s Mihir Turkhia & Associate, cost accountants, as the cost auditors of the Company for the year 2011-12.

13. Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

The particulars as prescribed under Section 217(1) (e) of the Act, read with the Companies (Disclosure of Particulars in the Annexure to this Report)

14. Acknowledgement

The Directors thank the Company's customers, vendors, investors, business associates, banker's, academic institutions for their support to the Company.

The Directors also thank Government of India, the governments of various countries, the concerned State Governments, governmental departments and agencies for their cooperation.

The Directors appreciate and value the contribution made by every member of the SHAKTI family across the world.

For and on behalf of the Board of Directors

Place: Pithampur Dinesh Patidar

Date: 8th August, 2012 Chairman and Managing Director

Mar 31, 2011

Dear Members

The Directors have pleasure in pursuing their 16th Annual Report along with the audited accounts of the Company for the year ended 31st March 2011.

1. Financial Review [Rs. in lakhs]

Financial Financial Year ended Year ended 2009-10 2010-11

Gross turnover 13,168.05 13,493.23

Operating profit before interest, depreciation and tax 2,357.32 2,567.73

Interest and other financial charges (Net) 812.47 607.87

Depreciation and Amortisation 348.66 299.24

Provision for taxation 120.70 318.81

Net Profit 1,075.49 1,341.82

Add: Balance brought forward from the previous year - -

Profit Available for Appropriation 1,075.49 1,341.82

Appropriations

Proposed Dividend on equity shares 62.23 140.44

Tax on Proposed Dividend 10.58 23.32

General Reserve - -

Leaving a balance to be carried forward to next year's account 1,002.68 1,178.06

2. Dividend

Based on the Company's performance, the Directors are pleased to recommend for approval of the members a final dividend of Rs.1 per share for 2010-11. The final dividend, if approved by the members would invoke a cash outflow of Rs.1,63,76,291.00 including dividend tax.

3. Operating results and business

Overall 2010-11 has been a very satisfying year. During the year, your Company has registered a turnover Rs.13,493.24 lakhs (from nine monthÃs operations) as compared with Rs.13,168.05, showing an increase of 37 % (annualised) over the previous year turnover. The exports of the Company increased from Rs.7,590.77 lakhs to Rs. 7,589.26 (from nine monthÃs operations) showing an (annualised) increase of 33% over the previous year, owing to enhanced production and better product/market penetration.

The Company earned profit before depreciation, interest and tax of Rs. 2,567.73 lakhs as against Rs. 2,357.32 lakhs in the previous year, showing a growth of (annualised) 8.93%.

4. Future outlook

Going ahead, the Company will introduce new products which include:

1. WASTE WATER PUMPS Introduction

The Shakti SAP Waste Water Pumps are used in collection of sewage, effluent, drainage and seepage water in locations such as homes, farms, light commercial buildings and industrial areas. These pumps are used in a variety of industrial, commercial, military, and maritime applications. Examples include agriculture and horticulture, aerospace and defense, construction, food processing, hydrocarbon and petrochemical, power generation, pulp and paper and semiconductor applications. Important specification for our Waste Water Pumps includes maximum discharge flow, maximum discharge pressure, inlet size, discharge size and horsepower. Our Waste Water Pumps have three models viz SAP 12, SAP 35 and SAP 50.

Shakti SAP 12

This is a single stage for pumping clean, non-aggressive water and slightly dirty (grey) wastewater. The pump can be used as portable unit.

- Applications: Groundwater lowering.

- Pumping drainage lowering.

- Pumping in surface water pits with inflow from roof.

- Gutters, shafts, tunnels, among others.

- Emptying of ponds, tanks, among others.

Shakti SAP 35 & SAP 50

This is a single stage submersible pump designed for the pumping dirty, untreated waste water (excluding toilet discharge) and liquids containing fibers from light industry, laundries, among others.

Applications:

- Ground water lowering.

- Pumping in drainage pits.

- Pumping in surface water pits with inflow from roof gutters, tunnels, among others.

- Emptying on ponds, tanks, among others.

- Pumping of fibre - containing wastewater from laundries and industries.

- Pumping of domestic wastewater without discharge from water closets.

2. Single Stage End Suction Close Coupled (Monoblock Pump) The Shakti SNB Single Stage End Suction Close Coupled (Monoblock Pumps) is suitable for water distribution in large- scale irrigation systems.

Applications:

- Industrial pressure boosting

- Industrial liquid transfer

- Irrigation

- Heating, cooling, air-conditioning and circulation plants.

- Fire fighting application

3. Single Stage End Suction Long Coupled

The Shakti SNK Single Stage End Suction Long Coupled Pump is suitable for water distribution in large-scale irrigation systems. These pumps are fabricated using advanced technology from quality raw material. They find their application in diverse industries apart from being used domestically. Durability, high tensile strength and anti-corrosive nature are the other features of the Long Coupled End Suction Pump. These pumps are available in three models viz SNK-32, 40, 50, 65 and 80.

Features:

- The pumps have a back pull design to enable the removal of the motor without dismantling the pump.

- Motors are EFF Class 1.

- The pump can be driven by diesel set or DG set.

Applications:

- Industrial pressure boosting.

- Industrial liquid transfer

- HVAC Irrigation

4. Multistage Centrifugal Immersible Pressure Boosting Pumps

The Shakti STH pump is suitable for Liquid transfer.

Applications:

- Spark machine tools

- Grinding machines

- Machining centers

- Cooling units

- Industrial washing machines

- Filtering systems

- Lathes

- Swarf conveyors

2. UPCOMING MOTOR MODEL

1. Premium 100 & 101 Resin Cooled Motor

Features:

- Hermetically sealed stator. Anti-track, self-healing stator resin prevents motor burn out.

- High efficiency electrical design (Low operation cost, cooler winding temperature)

- Removable 'water BlocÃ lead connector.

- Cable material in accordance with regulations of drinking water (KTA approved)

- Water lubricated radial and thrust bearings.

- All motors prefilled and 100% tested. Non-contaminating, water-filled design.

2. Premium 150 Resin Cooled Motor

Application:

These motors operation in 6Ã diameter or larger water wells. Water lubricated thrust and radial bearing enable maintenance operation.

Advantages:

- Hermetically sealed stator. Anti-track, self-healing stator resin prevents motor burn out.

- Removable 'water BlocÃ lead connector.

- Cable material in accordance with regulations of drinking water

- All motors prefilled and 100% tested.

- Send slinger and mechanical seal for high performance in sand.

- Maximum storage temperature -15 degree Celsius to 60 degree Celsius.

3. Premium 150 Resin Cooled Motor

Application:

These motors operation in 8Ã diameter or larger water wells. Water lubricated thrust and radial bearing enable maintenance operation.

Advantages:

- Hermetically sealed stator. Anti-track, self-healing stator resin prevents motor burn out.

- Removable 'water BlocÃ lead connector.

- Cable material in accordance with regulations of drinking water

- All motors prefilled and 100% tested.

- Send slinger and mechanical seal for high performance in sand.

- Maximum storage temperature -15 degree Celsius to 60 degree Celsius.

4. SMG Motors SMG 71, 80, 90, 112 & 132.

Application:

The SMG motors are suitable for the SRN, SH and SJP pumps ranges.

Features:

- The motor body is aluminum.

- The motors are EFF Class 2.

- The motors are available in face mounting and flange mounting.

5. SMMG motors SMMG 112 & 132

Application:

Applications: the SMMG motors are suitable for the SNB & SNK pumps ranges.

Features:

- The SMMG motor Body is CI casted.

- The motors are EFF class 2

- The motors are available in face mounting and flange mounting

5. Directors

Mr. Lalit Garg retires by rotation and being eligible, offer himself for reappointment.

Mr. S. S. Raghuwansi retires by rotation and being eligible, offers himself for reappointment.

Mr. Ramesh Patidar re-appointed as whole-time dicrector for a period of five years.

6. DirectorsÃ responsibility statement

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, your Directors confirm that

1. That in the preparation of the annual accounts, the applicable accounting standards were followed along with proper explanations relating to material departures.

2. That the Directors selected such accounting policies and applied them consisting and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for 2010-11.

3. That the Directors took proper and sufficient care to maintain adequate accounting records in accordance with provision of the Companies Act, 1956 for safeguarding the CompanyÃs assets and for preventing and detecting fraud and other irregularities.

4. That the Directors prepared the Annual Accounts on a going concern basis.

7. Fixed deposits

The Company did not accept any public deposit and, as such, no amount on account or principal or interest on public deposits was outstanding as on the date of the balance sheet.

8. Particulars of employees

No employee was in receipts of remuneration exceeding the limits set out under Section 217 (2A) of the Companies Act, 1956.

9. Insurance

All insurable interests of the Company including inventory, building, plant and machinery and others are adequately insured.

10. Auditors

The Auditors M/s Vinay Gandhi & Associates, Chartered Accountants, Indore shall cease to hold office at the end of the ensuring Annual General Meeting and being eligible offers themselves for re-appointment.

11. Corporate Governance Report and Management Discussion and Analysis Statement A report on Corporate Governance is attached to this Report as also a Management discussion and analysis statement.

12. Cost audit

The Report of M/s Mihir Turkhia & Associate, Cost Accountant, relating to Stainless Steel Submersible Pumps and Motors for the year ended 31st March 2011 will be submitted to the central government in due course.

13. Conservation of energy, technology absorption, foreign exchange earnings and outgo

The particulars as prescribed under Section 217(1) (e) of the Act, read with the Companies (Disclosure of Particulars in the Annexure to this Report)

14. Acknowledgement

The Directors thank the CompanyÃs customers, vendors, investors, business associates, bankerÃs, academic institutions for their support to the Company.

The Directors also thank Government of India, the governments of various countries, the concerned state governments, government departments and government agencies for their co- operation.

The Directors appreciate and value the contribution made by every member of the SHAKTI family across the world.

For and on behalf of the Board of Directors

Dinesh Patidar Chairman and Managing Director

Pithampur Distt. Dhar (M.P.) Dated: 30th August, 2011

Jun 30, 2010

The Directors submit the Annual Report of the Company together with the audited statement of accounts for the year ended 30th June 2010.

1.Financial results [Rs. in lacs]

Financial year ended Financial year ended 30th June 2010 30th June 2009

(I) Income from sales Export 7,590.77 5,951.34

General 5,577.28 4,723.24

(II) Other income 76.81 64.69

(III) Operating expenditure 10,887.55 8,993.64

(IV) Profit before interest, depreciation and tax 2,357.31 1,745.64

(V) Interest 812.46 572.05

(VI) Depreciation 348.66 291.55

(VII) Profit before taxes 1,196.19 882.04

(VIII) Provision for taxes 120.70 101.31

(IX) Net profit for the year 1,075.49 780.73

(X) Balance brought forward from previous year 0.00 0.00

(XI) Amount available for appropriation 1,075.49 780.73

Appropriations

(a) Proposed dividends on equity shares 62 23 62.23

(b) Tax on dividends 10.58 10.58

(c) General reserve 0.00 0.00

(d) Balance carried to balance sheet 1,002.68 707.92

2. Dividend

Based on the Companys performance, the Directors are pleased to recommend for approval of the members a final dividend of Rs.1 per share for 2009-10. The final dividend, if approved by the members would invoke a cash outflow of Rs. 72.81 lacs including dividend tax.

3. Operating results and business

Overall 2009-10 has been a very satisfying year. During the year, your Company has registered a turnover Rs.13,168.04 lacs as compared Rs.10,674.58 lacs showing an increase of 23.36% over the previous year turnover. The export of the Company increased from Rs. 5,951.34 lacs to Rs. 7,590.77 lacs showing an increase of 27.55% over the previous year owing to enhanced production and better product/market penetration.

The Company earned profit before depreciation, interest and tax of Rs. 2,357.31 as against Rs. 1,745.64 in the previous year, showing a growth of 35.04%.

4. Future outlook

1. SRN vertical multistage centrifugal pumps

Introduction

The SRN pump is a non-self priming, vertical multistage centrifugal pump.

The inline design enables the pump to be installed in a horizontal one pipe system where the suction and discharge ports are in the same horizontal plane and have the same pipe dimensions. This design provides a more compact pump design and pipe work.

SHAKTI SRN pumps come with various pump sizes and various numbers of stages to provide the flow and the pressure required. SRN pumps are suitable for a variety of applications from pumping of potable water to pumping of chemicals. The pumps are therefore used in a wide diversity of pumping systems where the performance and material of the pump meet specific demands.

The pump unit comprises optimised hydraulics, various types of connections, an outer sleeve, a top and various other parts. SRN pumps are available in various material versions according to the pumped liquid.

Features and benefits

- Reliability

- High efficiency

- Service friendly

- Space saving

- Suitable for slightly aggressive liquids

Applications

The pumps are suitable for liquid transfer in

- Washing systems

- Cooling and air conditioning systems

- Water supply system

- Water treatment system

- Fire fighting system

- Industrial plants

- Boiler feeding system.

2. Eletric motors (energy efficient centrifugal motors)

Introduction

In todays power scenario, we are facing a major power crunch. Day by day, the gap between demand and supply of electric energy is widening at the rate of 3%. Bridging this gap from supply side is very difficult and expensive proposition. The only viable way in handling these crises, in addition to capacity addition, is the efficient use of available energy, which is possible by use of energy devices.

Electric motors are industrys basic need. Electric motors consume around 70% of the total electricity used in the industrial sector. As motors are the largest users of electrical energy, even small efficiency improvements can produce very large savings across the country.

As energy efficient motors produces the same shaft output power but draws less input power than a standard motor. Hence, EE motors consume less electricity than comparable standard motor.

Advantages

- Saves energy and money

- Near uniform efficiency from 50% to 100% of full load ensuring energy savings even at part load condition

- Short payback period

- Substantial savings after payback period

Applications

- Energy efficient motors are specially suited for industries which power intensive and equipments which run on constant load for long duration

Areas of application

- Booster pumps

- Compressors

- Fans

- Blowers

- Mills

- Crushers

- Conveyors

- Ring granulators

- Rubber mills

- Rubber mixers

- Disc refiners

3. Open well submersible pumps

Application of open well submersible pumps

Industrial and public water supply schemes, domestic water supply, lift irrigation schemes. drip/sprinkler irrigation schemes, fire lighting, booster application, cooling water circulation, ornamental fountain installation and air conditioning plants, dewatering of mines, offshore and platforms, among others.

Special features

NO suction and priming problems, No need of pump house, noiseless operations, single shaft for pump and motor ensures permanent correct alignment, high operating efficiency, extremely hardwearing water lubricated bearing, highly durable water cooled rewindable motor, can be easily dismantled and repaired.

5. Directors

Mr. Manu Punnoose has resigned as the Director of the Company w.e.f. 13th July 2010.

Shri Rajkumar Jain retires by rotation and being eligible, offers himself for reappointment.

Shri P. L. Nene retires by rotation and being eligible, offers himself for reappointment.

6. Directors responsibility statement

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, Your Directors confirm that

1. That in the preparation of the annual accounts, the applicable accounting standards were followed along with proper explanations relating to material departures.

2. That the Directors selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profit of the Company for 2009-10.

3. That the Directors took proper and sufficient care to maintain adequate accounting records in accordance with provision of the Companies Act 1956, for safeguarding the Companys assets and for preventing and detecting fraud and other irregularities.

4. That the Directors prepared the annual accounts on a going concern basis.

7. Fixed deposits

The Company did not accept any public deposits and, as such, no amount on account of principal or interest on public deposits was outstanding as on the date of the balance sheet.

8. Particulars of employees

No employee was in receipt of remuneration exceeding the limits set out under Section 217 (2A) of the Companies Act, 1956.

9. Insurance

All insurable interests of the Company including inventory, building, plant and machinery and others are adequately insured.

10. Auditors

The Auditors M/s Vinay Gandhi & Associates, Chartered Accountants, Indore shall cease to hold office at the end of the ensuing Annual General Meeting and being eligible offers themselves for re-appointment.

11. Corporate Governance Report and Management Discussion and Analysis Statement

A report on Corporate Governance is attached to this Report as also a management Discussion and Analysis Statement.

13. Cost audit

The Report of M/s Mihir Turkhia & Associate, Cost Accountants, relating to stainless steel submersible pumps and motors for the year ended 30th June 2010, will be submitted to the Central Government in due course.

14. Conservation of energy, technology absorption, foreign exchange earnings and outgo

The particulars as prescribed Under Section 217(1) (e) of the Act, read with the Companies (Disclosure of Particulars in the Annexure to this Report).

15. Acknowledgement

The Directors thank the Companys customers, vendors, investors, business associates, bankers academic institutions for their support to the Company.

The Directors also thank the Government of India, the Governments of various countries, the concerned state governments, governments departments and governmental agencies for their cooperation.

The Directors appreciate and value the contributions made by every member of the SHAKTI family across the world.

For and On behalf of the Board of Directors

Dinesh Patidar

Chairman and Managing Director

Pithampur Distt. Dhar (M.P.)

Dated: 29th October, 2010

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article