IRM Energy Limited Announces Resignation of Senior Management Personnel

irm energy has officially informed the National Stock Exchange of India Limited and BSE Limited regarding the resignation of a senior management personnel. Mr. Budhram Siyag, who held the position of Chief Manager - GA Head (Banaskantha) and was designated as a Senior Management Personnel (SMP) of the company, has stepped down from his role. The resignation became effective at the close of business hours on May 04, 2026. The disclosure was made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company cited personal reasons as the cause for Mr. Siyag's departure. In a communication addressed to the Chief Executive Officer, Mr. Siyag confirmed that his decision to resign from the position of Chief Manager – GA Head, Banaskantha, was driven by personal circumstances. The company has processed the necessary intimation to the stock exchanges, including references to the updated SEBI Master Circular.

Details of the Resignation

The following table outlines the specific details regarding the change in senior management personnel as provided in the regulatory filing:

Sr. No.	Particulars	Remarks
1.	Name of SMP	Mr. Budhram Siyag
2.	Reason for change	Resignation from the position of Chief Manager - GA Head (Banaskantha) and Senior Management Personnel (SMP) of the Company, due to personal reasons.
3.	Date of cessation	Close of business hours of May 04, 2026
4.	Brief profile	Not Applicable
5.	Disclosure of relationships	Not Applicable

Mr. Siyag had originally submitted his resignation letter on February 12, 2026, expressing his intention to serve his full notice period while remaining open to an early release if required. He joined IRM Energy on April 20, 2017, during its startup phase, and contributed to the organization's progress through planning, execution, and business development.

The filing was signed by Akshit Nandkishor Soni, the Company Secretary & Compliance Officer, on behalf of IRM Energy Limited. The company requested the exchanges to place the information on their records. IRM Energy Limited is headquartered at the 4th Floor, 8th Block, Magnet Corporate Park, Near Sola Bridge, S.G. Highway, Thaltej, Ahmedabad, Gujarat.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.86%	-11.87%	+71.24%	+2.36%	+16.63%	-33.52%

The promoters of IRM Energy Limited have submitted formal declarations dated April 02, 2026, to the stock exchanges and the company's Audit Committee, confirming the absence of any encumbrance on the company's shares during the financial year 2025-26. The filings were made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Background

Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, mandates that promoters and persons acting in concert (PAC) of listed companies declare, on an annual basis, whether any encumbrance has been created on the shares held by them. These declarations are submitted to the relevant stock exchanges and the company's Audit Committee as part of ongoing disclosure obligations.

Promoters Filing the Declaration

Three promoter entities of IRM Energy Limited independently filed their respective no-encumbrance declarations for the financial year 2025-26. The details of each declarant are presented below:

Declarant:	Capacity	Declaration Date
Dr. Rajiv I Modi	Promoter (Individual)	April 02, 2026
Cadila Pharmaceuticals Limited	Promoter (Corporate Entity)	April 02, 2026
IRM Trust	Promoter (Trust)	April 02, 2026

Key Declarations

Each of the three promoter entities confirmed the following in their respective filings:

No encumbrance, direct or indirect, was created on any shares of IRM Energy Limited during the financial year 2025-26.
The declaration covers the promoter entity as well as all persons acting in concert (PAC) associated with them.
The filings were addressed to the National Stock Exchange of India Limited and BSE Limited, along with the Audit Committee of IRM Energy Limited.

Dr. Rajiv I Modi filed the declaration in his individual capacity as promoter of IRM Energy Limited. Cadila Pharmaceuticals Limited, a corporate promoter entity, submitted its declaration signed by Dr. Rajiv I. Modi in his capacity as Managing Director. IRM Trust, the third promoter entity, filed its declaration through Dr. Rajiv I. Modi acting as Managing Trustee.

Submission Details

All three declarations were submitted to the stock exchanges on April 02, 2026. The filings were directed to both the National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, Mumbai, and BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. Copies were also addressed to the Audit Committee of IRM Energy Limited at its registered office at Magnet Corporate Park, S. G. Highway, Ahmedabad.