Intimation under Regulation 30 LODR Regulation for appointment of CFO & Secretarial Auditors of the Company
Awaiting price reaction for this filing.
SRM Energy's board, at its meeting on 26 March 2026, appointed Mr. Umesh Narpatchand Sanghvi as the Chief Financial Officer of the company. Notably, Mr. Sanghvi is already the Managing Director and Promoter of SRM Energy, meaning the promoter is now also holding the CFO role. He is a Chartered Accountant with over 19 years of experience in equity markets, banking, and wealth management. Separately, the board approved M/s HSPN & Associates LLP, a corporate law firm with 30+ years of experience, as the Secretarial Auditor for a 5-year term covering FY 2025-26 through FY 2029-30. Both appointments are effective 26 March 2026.
Concentrating the CFO role with the existing Managing Director and Promoter gives one person significant control over both strategic and financial functions, which investors may view as a governance concern. The 5-year secretarial auditor appointment is routine compliance and unlikely to move the stock.