SRM Energy
18.49
+0.36(+1.99%)
Market Cap₹16.73 Cr
PE Ratio-43.17
IndustryPower
Company Performance:
1D+1.99%
1M-7.32%
6M+48.04%
1Y+112.53%
5Y+651.63%
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More news about SRM Energy
23Jan 26
SRM Energy Limited Receives SEBI's Final Observations for Open Offer Process
SRM Energy Limited has received SEBI's final observations dated January 23, 2026, for the Draft Letter of Offer regarding an open offer under SEBI (SAST) Regulations, 2011. The open offer involves acquisition of 23,55,600 equity shares (26.00% stake) with face value Rs. 10/- each by Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi, along with change in control of the company. Offer manager Sobhagya Capital Options Private Limited will now proceed with opening the offer as per SEBI's directions and regulatory provisions.
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26Sept 25
SRM Energy's Promoter Inks Deal to Sell 71.19% Stake, Triggering Management Change
Spice Energy Private Limited, the promoter of SRM Energy Limited, has entered into a Share Purchase Agreement to sell approximately 71.19% stake (64,50,000 equity shares) to Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi. The transaction, dated September 25, 2023, will result in a change of management and control. The acquirers will make an open offer to shareholders as per SEBI regulations, with Sobhagya Capital Options Private Limited appointed as the manager for this process. Upon completion, the Sanghvis may nominate members to the company's Board of Directors.
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26Aug 25
SRM Energy to Transfer Wholly-Owned Subsidiary for Rs 1 Lakh
SRM Energy Limited plans to transfer its entire shareholding in SRM Energy Tamilnadu Private Limited to its holding company, Spice Energy Private Limited. The transaction involves 13,20,000 equity shares for Rs 1,00,000. Shareholder approval was obtained through a postal ballot. The transfer is expected to complete by August 27, 2025. The company also announced its 38th AGM for September 26, 2025, book closure dates, e-voting period, and changes in auditors.
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23Aug 25
SRM Energy Shareholders Approve Asset Sale and Related Party Transactions
SRM Energy Limited's shareholders have approved two key resolutions through a postal ballot. The first authorizes the sale of assets by transferring equity shares in its subsidiary to its holding company, Spice Energy Private Limited. The second approves related party transactions with Spice Energy. Both resolutions received 93.34% votes in favor. The Board of Directors is set to meet on August 26, 2025, to discuss further actions based on these approvals.
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30Jul 25
SRM Energy Reports Steep Loss in Q1, Faces Going Concern Issues
SRM Energy Limited, a power generation company, reported a standalone net loss of Rs 139.70 crore for Q1 FY2023-24, a significant increase from the Rs 8.70 lakh loss in the previous quarter. The company faces severe operational challenges with no revenue, fully eroded net worth, and liabilities exceeding assets. SRM Energy made a Rs 131.00 lakh impairment provision on its investment in its subsidiary, SRM Energy Tamilnadu Private Limited (SETPL), which is now classified as an asset held for sale. SETPL has approached NCLT for insolvency resolution and received a SEBI attachment order for a Rs 4,326.56 crore loan. Auditors have raised concerns about the company's ability to continue as a going concern.
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22Jul 25
SRM Energy Board Approves Share Transfer to Holding Company, Initiates Postal Ballot Process
SRM Energy Limited's Board has approved the transfer of its entire stake in SRM Energy Tamilnadu Private Limited to Spice Energy Private Limited. The transfer involves 13,20,000 equity shares with a face value of Rs. 10.00 each. Shareholder approval will be sought through a postal ballot process, including remote e-voting, scheduled from July 24 to August 22, 2025. The results will be declared on August 24, 2025. This action represents a significant change in the company's structure.
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SRM Energy
18.49
+0.36
(+1.99%)
1 Year Returns:+112.53%
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