SRM Energy Limited , a company listed on the Bombay Stock Exchange, has announced a significant corporate restructuring move. The company's Board of Directors has decided to transfer its entire shareholding in its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, to its holding company, Spice Energy Private Limited.

Key Details of the Transaction

Shareholder Approval and Regulatory Compliance

The decision follows shareholder approval obtained through a postal ballot process that concluded on August 22, 2025. This transfer is classified as a related party transaction but is reported to be conducted on an arm's length basis.

About the Buyer

Spice Energy Private Limited, the holding and promoter company of SRM Energy, currently holds 64,50,000 equity shares, representing 71.19% of SRM Energy's total share capital. The company is registered at 21, Basant Lok Complex, Vasant Vihar, New Delhi.

Financial Impact

According to the company's disclosure, the subsidiary being transferred contributed nil to SRM Energy's turnover, revenue, income, and net worth during the last financial year.

Regulatory Disclosures

SRM Energy has made the necessary disclosures to the Bombay Stock Exchange as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Other Corporate Updates

In the same board meeting, SRM Energy also addressed several other corporate matters:

Annual General Meeting

The 38th AGM is scheduled for September 26, 2025, to be held via video conferencing.

Book Closure

The Register of Members and Share Transfer Book will be closed from September 20 to September 26, 2025.

E-voting Period

Shareholders can cast their votes electronically from September 23 to September 25, 2025.

Appointment of Statutory Auditors

The board has recommended the appointment of M/s. Rajat Associates as the new Statutory Auditors for a term of five years, subject to shareholder approval.

Reappointment of Secretarial Auditors

S.K. Nirankar & Associates have been reappointed as Secretarial Auditors for the financial year 2025-26.

These corporate actions reflect SRM Energy's efforts to streamline its operations and comply with regulatory requirements. Investors and stakeholders will be watching closely to see how these changes impact the company's future performance and structure.

SRM Energy Limited (ISIN: INE173J01018) announced that its shareholders have overwhelmingly approved two significant resolutions through a postal ballot voting process that concluded on August 23, 2025. The resolutions, which garnered strong support from the voting shareholders, pave the way for substantial changes in the company's structure and operations.

Key Resolutions Passed

1. Asset Sale Approval: The first resolution, passed as a special resolution, authorizes the company to sell or dispose of assets by transferring equity shares in its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, to its holding company, Spice Energy Private Limited.

2. Related Party Transactions: The second resolution, an ordinary resolution, approves proposed related party transactions with Spice Energy Private Limited, the holding company of SRM Energy Limited.

Voting Results

Both resolutions received overwhelming support from the participating shareholders:

It's noteworthy that Spice Energy Private Limited, being an interested party, did not participate in the voting process for either resolution.

Voting Process and Participation

The postal ballot was conducted entirely through remote e-voting, in line with regulatory guidelines. Key details of the voting process include:

• Total number of shareholders on the record date (July 18, 2025): 9,348
• Number of shareholders who participated in voting: 82
• Total votes cast: 14,348 shares (representing 0.16% of the total share capital)

Next Steps

The Board of Directors of SRM Energy Limited is scheduled to meet on August 26, 2025, to discuss further actions based on the approved resolutions. This meeting is expected to chart the course for implementing the shareholders' decisions.

Company Background

SRM Energy Limited has a total share capital of 90,60,000 equity shares with a face value of Rs. 10 each. The company's registered office is located in New Delhi.

The strong shareholder support for these resolutions signals a significant shift in SRM Energy's corporate strategy, potentially impacting its operational structure and related party dynamics. Investors and stakeholders will be keenly watching the outcomes of the upcoming board meeting for further clarity on the company's future direction.