SRM Energy Limited has completed a comprehensive board restructuring following the acquisition by Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi. The company has filed detailed resignation documentation with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking the completion of the management transition process initiated under the Share Purchase Agreement dated September 25, 2025.

Director Resignations and Transition Timeline

Four directors have formally resigned from their positions as part of the management change, with resignations submitted on March 16, 2026. The departures were mandated under Clause 7.1.4 of the Share Purchase Agreement executed between Spice Energy Pvt. Ltd. and the acquiring parties.

New Leadership Structure

The restructuring has established new leadership under the acquiring parties, with Mr. Umesh Narpatchand Sanghvi appointed as Managing Director and Mrs. Sapna Sanghvi as Non-Executive Director. Additional independent directors have been appointed to strengthen governance structures.

Board Committee Reconstitution

The Board of Directors has formally approved the reconstitution of all major committees following the change in board composition. All three key committees have been restructured with identical composition to ensure streamlined governance and effective oversight.

Regulatory Compliance and Documentation

The company has ensured full compliance with regulatory requirements, filing comprehensive disclosures with BSE Limited. All resignation letters and committee reconstitution approvals have been formally submitted as required under the SEBI Listing Regulations.

The transition represents a complete management overhaul following the successful completion of the acquisition process, with all regulatory requirements fulfilled and new governance structures established to ensure effective corporate oversight.

SRM Energy Limited has announced the relocation of its registered office within Delhi local limits, following board approval on March 16, 2026. The decision was communicated to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Regulatory Compliance

The Board of Directors of SRM Energy Limited considered and approved the shifting of the registered office at their meeting held on March 16, 2026. The announcement was made pursuant to the mandatory disclosure requirements under SEBI Listing Regulations, ensuring transparency with stakeholders and regulatory authorities.

Office Relocation Details

The company will shift its registered office from the current location to a new address within Delhi's local limits. The relocation involves moving operations from Vasant Kunj area to Greater Kailash 2.

Implementation Timeline

The registered office shift will become effective from March 17, 2026, just one day after the board approval. This quick implementation timeline suggests the company had completed necessary preparations and regulatory formalities in advance of the board meeting.

Corporate Information

SRM Energy Limited operates under CIN L17100DL1985PLC303047 and is listed on BSE with scrip code 523222. The company maintains its corporate website at www.srmenergy.in and can be contacted at info@srmenergy.in . The announcement was signed by Managing Director Umesh Narpatchand Sanghvi (DIN: 00467579), who digitally authenticated the communication on March 16, 2026.