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.

SRM Energy Limited has received a significant financial benefit through a loan write-off from its group company. The Delhi-based energy company announced that SRM Energy Tamilnadu Private Limited has written off an outstanding loan amount of Rs. 2,23,35,000 that was previously advanced to the company.

Loan Write-off Details

The complete write-off of the loan amount represents a substantial financial relief for SRM Energy Limited. The key details of this transaction are:

Financial Impact

The loan write-off will have a direct positive impact on SRM Energy's financial position. Following this development, the outstanding liability will be completely extinguished from the company's books of accounts. The company has confirmed that the accounting treatment will be carried out in accordance with applicable accounting standards, ensuring proper compliance with financial reporting requirements.

Regulatory Compliance

SRM Energy Limited has fulfilled its disclosure obligations by informing BSE Limited about this development on March 13, 2026. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to disclose material events and information that could impact investor decisions.

The regulatory filing was signed by Pankaj Gupta, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with corporate governance requirements. This transparent disclosure demonstrates the company's commitment to maintaining regulatory compliance and keeping stakeholders informed about significant financial developments.