The Meeting of Board of Directors of Shakti Pumps (India) Limited held on May 19, 2017, the Board has approved the appointment of Mr. Pramod Kumar Bhawsar as an Additional Independent Director.

In its board meeting the board has recommended final Dividend at the rate of 20% that is INR 2 per equity shares of INR 10 each for the financial year ended March 31, 2017.