The Board of Shakti Pumps (India) Limited has recommended dividend of INR 3.7 per equity Shares of face value of INR 10 (that is 37%) for the year ended 31 March 2018, subject to approval of Shareholders in the upcoming Annual General Meeting (AGM) of the company.

The company reconstitution of the committee of Board of Directors of the company as follows: (a) Stakeholder Relationship Committee: Mr. Navin S. Patwa as Chairman and Mr. Akhilesh Maru and Mr. Pramod Kumar Bhavsar as Members. Nomination and Remuneration Committee: Mr. Pramod Kumar Bhavsar as Chairman, Mrs. Nishtha Neema and Mr. Navin S. Patwa as Members. Corporate SociaI Responsibiity Committee: Mr. Pramod Kumar Bhavsar as Chairman, Mrs. Nishtha Neema and Mr. Navin S. Patwa as Members. The company also approved the formation of Treasury Committee of the Board of Directors Company. Mr. Dinesh Patidar has been appointed as Chairman and Mr. Ramesh Patidar and Mr. Navin S" Patwa as Members.