SRM Energy Limited has scheduled its 39th Annual General Meeting for September 22, 2026. The Board of Directors approved the annual report and directors' report for the financial year ended March 31, 2026, during a meeting on August 24, 2026.

The company will hold the AGM at 11:30 am through Video Conferencing or Other Audio-Visual Means. Shareholders can cast their votes electronically during this period.

Key Approvals

The board approved several administrative and procedural matters related to the upcoming meeting:

• Closure of the Register of Members and Share Transfer Books from September 15, 2026, to September 22, 2026.
• Appointment of Mr. Hemant Shetye as the primary Scrutinizer for the e-voting process, with Mr. Kunal Sakpal as the alternate.
• Engagement of Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process.
• Authorization for directors and the Company Secretary to sign and dispatch the AGM notice along with other required documents.

What the Numbers Show

The approval of the annual report signifies the completion of the statutory reporting cycle for FY26. The decision to conduct the AGM via VC/OAVM aligns with standard corporate governance practices for remote shareholder engagement.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:00 pm and concluded at 6:00 pm on August 24, 2026.

SRM Energy Limited reported a standalone net profit of ₹350.54 lakh for the quarter ended June 30, 2026, compared to a loss of ₹139.70 lakh in the corresponding period of FY25. The turnaround was driven entirely by a non-operational gain: the write-back of an outstanding loan liability amounting to ₹357.40 lakh, recognized as other income following an arrangement between the erstwhile and present management. This development marks a significant shift from the previous quarter’s profit of ₹205.79 lakh, which also relied heavily on other income sources rather than core operations.

The Board of Directors approved the unaudited financial results on August 5, 2026, in Mumbai. The statutory auditors, Rajat Associates, issued a qualified opinion on the financial statements. The qualification stems from material uncertainties regarding the company’s ability to continue as a going concern, citing continuous cash losses, complete erosion of net worth due to accumulated losses, and current liabilities exceeding current assets as of June 30, 2026. The auditors noted that the company has no active business operations.

Financial Performance Highlights

The company incurred minimal operational expenses during the quarter, with employee benefits at ₹0.40 lakh and other expenses at ₹6.46 lakh. There were no finance costs reported for the period. The absence of revenue from operations underscores the dormant state of its core power generation business segment.

What the Numbers Show

The reported profitability is not indicative of operational recovery but rather a balance sheet adjustment. The write-back of ₹357.40 lakh constitutes nearly the entire top-line figure, masking the underlying cash burn. With current liabilities exceeding current assets and net worth fully eroded, the company’s continuity depends entirely on financial support from management or entities under common control, as disclosed in the notes to accounts. Investors should note that the qualified opinion from statutory auditors highlights significant risk regarding asset realization and liability discharge.