Shakti Pumps (India) Limited announced that at the board meeting held on May 14, 2014, the company recommended the final dividend for the financial year ended March 31, 2014 at the rate of 20% that is INR 2 per equity share of INR 10 each fully paid up to the members for their approval.

The board has approved the appointment of Mr. Akhilesh Maru as chief financial officer of the company with effect from May 15, 2014. The board approved appointment of Mr. Manoj Maheshwari, designated as a company secretary and compliance office of the company with effect from May 15, 2014. The board accepted the resignation of Mr. Mukesh Patidar as compliance officer of the company.