Notice of Postal Ballot
Awaiting price reaction for this filing.
SRM Energy Limited is seeking shareholder approval via postal ballot for 6 resolutions. Key items include: (1) Appointment of Mr. Umesh Narpatchand Sanghvi as Managing Director for 5 years from 16th March 2026 with no remuneration; (2) Regularization of Mrs. Sapna Umesh Sanghvi as Non-Executive Director; (3) Appointment of Mr. Gopal Ajay Malpani as Independent Director for 5 years; (4) Appointment of Mrs. Pooja Navnit Maheshwari as Independent Director for 5 years; (5) Alteration of Memorandum of Association by deleting Clause III(C) – Other Objects and renumbering clauses; (6) Appointment of M/s. HSPN & Associates LLP as Secretarial Auditors replacing the resigned M/s. S K Nirankar & Associates. The previous auditors resigned due to change in management following an open offer. Voting period: 24th May 2026 to 22nd June 2026.
The postal ballot shows significant board changes effective 16th March 2026, indicating a change in control following an open offer. The MoA alteration suggests streamlining of business objects. Promoter Umesh Sanghvi holds 38,70,189 shares and Sapna Sanghvi holds 25,80,000 shares, showing strong insider ownership. The new board brings finance, legal, and marketing expertise.