Umesh Narpatchand Sanghvi has acquired a substantial stake in SRM Energy Limited through an off-market transaction pursuant to an open offer, as disclosed under SEBI regulations. The acquisition represents a significant development in the company's shareholding pattern and establishes the acquirer as a promoter of the target company.

Acquisition Details

The transaction involved the acquisition of 38,70,000 equity shares, representing 42.715% of SRM Energy Limited's total share capital. The shares were acquired through an off-market transaction pursuant to an open offer, completed on March 12, 2026.

Pre and Post Acquisition Holdings

Prior to this acquisition, Umesh Narpatchand Sanghvi held minimal shares in SRM Energy Limited. The acquirer had 189 shares representing 0.002% of the total share capital before the transaction.

Company and Regulatory Information

SRM Energy Limited's shares are listed on BSE Ltd. The company's total equity share capital remained unchanged at 90,60,000 shares before and after the acquisition. Umesh Narpatchand Sanghvi has been classified as a promoter of the target company post-acquisition, pursuant to Regulation 31A(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance and Documentation

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer confirmed that there are no persons acting in concert with him in this transaction. The acquired shares are fully paid-up equity shares with a face value of INR 10.00 each, with no encumbrances, liens, or non-disposal undertakings attached.

The formal documentation was signed on March 13, 2026, in Mumbai, Maharashtra, completing the regulatory disclosure requirements for this substantial acquisition.

SRM Energy Limited has completed a significant promoter shareholding restructuring with new promoters Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Umesh Sanghvi acquiring 64.50 lakh equity shares worth Rs. 2.50 crore through off-market transactions. The company filed mandatory SEBI disclosures on March 13, 2026, detailing the acquisitions executed on March 12, 2026.

New Promoter Share Acquisitions

Company Secretary Pankaj Gupta (ICSI M. No.: A63088) submitted Form C disclosures to BSE Limited pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The transactions involved separate acquisitions by both new promoters through off-market purchases.

Promoter Details and Contact Information

Both new promoters are based in Mumbai with registered address at 1101, Aaditya Enclave, 18th Floor, Flat No. 1801, 12th Khetwadi Back Road, Khetwadi, Mumbai-400004, Maharashtra. Mr. Umesh Sanghvi (PAN: AMMP57940P) can be contacted at +91 9892109882, while Mrs. Sapna Sanghvi (PAN: AFBPJ0933R) is reachable at +91 9867314744.

Corporate Structure and Compliance

SRM Energy Limited, with CIN L17100DL1985PLC303047 and ISIN INE173J01018, maintains its registered office at Room No. 2, Ground Floor, 1A Mall Road, Shanti Kunj, Vasant Kunj, New Delhi - 110070. The company's scrip code 523222 on BSE reflects the completed promoter acquisitions with full SEBI regulatory compliance maintained.

Upcoming Board Meeting

This promoter restructuring aligns with the previously announced Board of Directors meeting scheduled for March 16, 2026, which will address matters related to open offer completion, promoter reclassification, and management restructuring. The acquisitions represent a significant milestone in the company's ownership transition process.