Announcement • May 14
SRM Energy Limited to Report Q4, 2026 Results on May 20, 2026 SRM Energy Limited announced that they will report Q4, 2026 results on May 20, 2026 Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Additional Non-Executive & Non-Independent Director Sapna Sanghvi was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 13
Sapna Sanghvi entered completed the acquisition of 28.48% stake in SRM Energy Limited (BSE:523222) from Spice Energy Pvt. Ltd. Sapna Sanghvi entered into agreement to acquire 28.48% stake in SRM Energy Limited (BSE:523222) from Spice Energy Pvt. Ltd. for INR 10 million on September 25, 2025. A cash consideration of INR 10.01 million valued at INR 3.88 per share will be paid by the buyer. As part of consideration, INR 10.01 million is paid towards common equity of SRM Energy Limited. In a related transaction Umesh Narpatchand Sanghvi entered into agreement to acquire 42.72% stake in SRM Energy Limited (BSE:523222) from Spice Energy Pvt. Ltd. for INR 15 million and Umesh Narpatchand Sanghvi and Sapna Sanghvi proposed to acquire 26% stake in SRM Energy Limited (BSE:523222) for INR 9.4 million. As of October 3, 2025, the Sale Shares are presently under a freeze imposed by the Bombay Stock Exchange (“BSE”) on account of non-payment of annual listing fee by one of the companies, which the BSE has claimed to be part of the promoter group of the Seller. The Seller secured a favorable order from the Securities Appellate Tribunal (SAT) through a speaking order dated April 30, 2025. However, the BSE has contested the SAT order, and the matter is currently under appeal before the Hon’ble Supreme Court of India. The Offer shall be subject to removal of the freeze on Sale Shares as imposed by the BSE.
Sapna Sanghvi entered completed the acquisition of 28.48% stake in SRM Energy Limited (BSE:523222) from Spice Energy Pvt. Ltd. on March 13, 2026. Spice Energy Private Limited along with its wholly owned subsidiary, Nyra Holdings Private Limited, have ceased to be part of the Promoter/Promoter group of SRM Energy Limited. 
