Outcome of Board Meeting held on 26th March, 2025
Awaiting price reaction for this filing.
SRM Energy's board of directors met on 26th March 2026 and approved two key items. First, Mr. Umesh Narpatchand Sanghvi, who is already the Managing Director and Promoter, was appointed as the Chief Financial Officer (KMP) with immediate effect. He is a Chartered Accountant with over 19 years of experience in equity markets, banking, and wealth management. Second, M/s HSPN & Associates LLP, a corporate law firm with 30+ years of experience, was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30. The board confirmed the appointee is not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
This is a routine governance update with no material financial impact. Consolidating CFO duties with the existing Managing Director (who is a promoter) may raise minority shareholder concerns about concentration of authority, but the move also brings a qualified CA into the finance leadership role.