In continuation of our previous intimation dated September 25, 2025 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant ....
Awaiting price reaction for this filing.
SRM Energy has received SEBI's final observations on the Draft Letter of Offer for an open offer to acquire 23,55,600 equity shares (26.00% of the company) at a face value of Rs. 10 each. The acquirers are Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi, with the offer also involving a change in control of the company. M/s. Sobhagya Capital Options Private Limited is acting as the Manager to the Open Offer. This is a follow-up to the company's earlier intimation dated September 25, 2025, and the next step is for the manager to open the offer in line with SEBI's directions.
This announcement moves the open offer process closer to launch, signaling a likely change in control of SRM Energy. Shareholders should watch for the formal opening of the open offer, as it will determine the offer price and timeline for tendering shares.