IRM Energy Limited has achieved a significant operational milestone with the commissioning of its 150th Compressed Natural Gas (CNG) station at Banaskantha on March 31, 2026. This achievement underscores the company's commitment to expanding green energy infrastructure and promoting sustainable transportation solutions across its authorized geographical areas.

Expansion Performance

The commissioning represents substantial growth momentum for IRM Energy during the current fiscal year. The company's expansion metrics demonstrate strong operational progress:

During FY26, IRM Energy commissioned a total of 39 CNG stations, reflecting accelerated infrastructure development. This expansion pace demonstrates the company's strategic focus on strengthening its presence in authorized geographical areas while driving the transition towards eco-friendly transportation solutions.

Business Operations

IRM Energy Limited operates as an Indian City Gas Distribution company, supplying CNG for the transport segment and Piped Natural Gas (PNG) for domestic, commercial, and industrial customers. The company functions under authorizations granted by the Petroleum and Natural Gas Regulatory Board (PNGRB).

Geographical Coverage

The company holds authorization for 4 Geographical Areas:

• Banaskantha (Gujarat)
• Fatehgarh Sahib (Punjab)
• Diu & Gir Somnath (Gujarat)
• Namakkal & Tiruchirappalli (Tamil Nadu)

Revenue Contribution

CNG operations serve as the primary growth driver for IRM Energy, contributing approximately 60% of the company's total volumes. This significant contribution highlights the strategic importance of CNG station expansion in the company's overall business model and revenue generation.

Strategic Outlook

The achievement reflects IRM Energy's strong commitment to strengthening green energy infrastructure in its authorized geographical areas. As the company continues on its growth trajectory, it remains dedicated to expanding its footprint across the Geographical Areas expeditiously, supporting the broader transition towards sustainable and eco-friendly transportation solutions in India's evolving energy landscape.

IRM Energy Limited has received a disclosure from its promoter IRM Trust regarding the acquisition of additional equity shares in the company. The transaction, completed on March 30, 2026, involves the purchase of 276,286 equity shares through open market operations.

Transaction Details

The acquisition represents a strategic increase in promoter shareholding, with IRM Trust purchasing the shares at market rates. The transaction was disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011.

Shareholding Pattern Changes

The acquisition has resulted in notable changes to the company's shareholding structure. IRM Trust's individual holding has increased substantially, while the overall promoter group presence has been strengthened.

Regulatory Compliance

The disclosure was made to both major stock exchanges where IRM Energy shares are listed. The company maintains its listing status on:

• BSE Limited (Scrip Code: 544004)
• National Stock Exchange of India Limited (Symbol: IRMENERGY)

The transaction complies with all applicable SEBI regulations regarding substantial acquisition disclosures. IRM Trust, being a promoter entity, has fulfilled its obligation to inform the exchanges and shareholders about the increased stake.

Market Impact

The acquisition demonstrates continued confidence from the promoter group in the company's prospects. With the promoter group now holding 50.74% of the total equity, the ownership structure reflects strong promoter commitment while maintaining adequate public shareholding as per regulatory requirements.

The transaction was executed through normal market operations, indicating transparent price discovery and adherence to fair trading practices. The company's equity capital structure remains stable at 4,10,59,677 shares, providing clarity on the dilution impact of the acquisition.