IRM Energy Boosts Stake in Venuka Polymers to 50% via Rights Issue

IRM Energy Limited has strengthened its position in the polymer manufacturing sector by increasing its stake in Venuka Polymers Private Limited (VPPL) from 33.33% to 50%. This strategic move was executed through a rights issue, with IRM Energy acquiring an additional 10,50,800 equity shares for Rs. 1.05 crores.

Transaction Details

The transaction was conducted on an arm's length basis, with no involvement from IRM Energy's promoter group. The details of the acquisition are as follows:

Aspect	Details
Shares Acquired	10,50,800
Price per Share	Rs. 10.00
Total Investment	Rs. 1.05 crores
Stake Increase	16.67%
New Ownership	50%

About Venuka Polymers

Venuka Polymers Private Limited, incorporated on December 19, 2019, operates in the manufacturing and distribution of irrigation systems and various polymer products. The company's product line includes:

Micro-irrigation systems
PVC/MDPE/HDPE/LDPE/LLDPE/PP pipes
Tubes, hoses, and fittings

VPPL has demonstrated consistent growth over the past three years, as evidenced by its turnover figures:

Financial Year	Turnover (in Crores)
2024-25	97.45
2023-24	63.33
2022-23	44.49

Strategic Implications

This investment aligns with IRM Energy's strategy to strengthen its position in the polymer manufacturing sector. By increasing its stake to 50%, IRM Energy has reinforced its association with VPPL, potentially allowing for greater influence in the company's operations and strategic decisions.

The polymer industry, particularly in the irrigation and piping sectors, has shown robust growth in recent years. This move by IRM Energy could be seen as a vote of confidence in VPPL's business model and future prospects.

As the transaction was carried out through a rights issue at a price determined by VPPL's board and offered uniformly to all shareholders, it underscores the fairness and transparency of the deal.

IRM Energy's decision to increase its stake in VPPL to 50% suggests a long-term commitment to the associate company and confidence in its growth trajectory. As VPPL continues to expand its operations, this increased investment could potentially yield significant returns for IRM Energy in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.23%	-4.99%	+20.83%	+11.39%	-21.46%	-29.75%

IRM Energy Limited , a prominent player in the energy sector, has announced the departure of Mr. Prashant Sagar from his role as Executive Vice President – Projects and Chief Operating Officer (COO). The company confirmed that Sagar's resignation took effect at the close of business hours on September 22, 2025.

Resignation Details

Mr. Sagar, who was designated as Senior Management Personnel (SMP), cited his intention to pursue new opportunities as the reason for his departure. This move marks a significant change in the company's top-level management structure.

Timeline of Events

The resignation process followed a structured timeline:

August 1, 2025: IRM Energy Limited initially informed stakeholders about Mr. Sagar's intention to resign.
September 22, 2025: Mr. Sagar's last day of service with the company.
September 23, 2025: The company officially announced the completion of Mr. Sagar's tenure through a regulatory filing.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, IRM Energy Limited promptly disclosed this management change. The company filed the necessary information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparency and regulatory compliance.

Company's Statement

Akshit Soni, Company Secretary & Compliance Officer of IRM Energy Limited, signed the official communication to the National Stock Exchange of India Limited and BSE Limited. The statement included all required details as per SEBI guidelines, including the reason for the change and the effective date of cessation.

Market Impact

As of now, the immediate impact of this management change on IRM Energy Limited's operations or stock performance remains to be seen. Investors and market analysts will likely be watching closely for any subsequent announcements regarding a potential successor or changes in the company's strategic direction.

IRM Energy Limited continues to navigate the dynamic energy sector. The departure of a key executive like Mr. Sagar may lead to some short-term adjustments, but the company's long-term trajectory will depend on its ability to manage this transition effectively.