Intimation under under Regulation 30 for change in the Composition of Board of Directors and KMPs is annexed herewith.

SRM Energy has completed a change in control after Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi acquired 64,50,000 equity shares from Spice Energy Pvt. Ltd. and finished the open offer process. Following this takeover, the new promoters have joined the board: Mr. Umesh Sanghvi as Managing Director for 5 years, his wife Mrs. Sapna Sanghvi as a Non-Executive Director, and two new Independent Directors (Mrs. Pooja Maheshwari and Mr. Gopal Malpani). The entire previous board and senior management — including the CFO Mr. Raman Kumar Mallick, Company Secretary Mr. Pankaj Gupta, and four directors — have resigned as required under the share purchase agreement.