Outcome of Board meeting is attached.

SRM Energy Ltd has completed a change of control after Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi (the Acquirers) completed the purchase of 64,50,000 equity shares from Spice Energy Pvt. Ltd. under a Share Purchase Agreement dated September 25, 2025, along with the Open Offer process. Following the takeover, the Board appointed Mr. Umesh Narpatchand Sanghvi as Additional Director and Managing Director (5-year term, without remuneration), Mrs. Sapna Sanghvi as Non-Executive Non-Independent Director, and Mrs. Pooja Navnit Maheshwari and Mr. Gopal Ajay Malpani as Independent Directors (5-year terms). All six existing Board members and senior management personnel — the Whole-time Director, two Directors, an Independent Director, the CFO, and the Company Secretary — resigned in line with Clause 7.1.4 of the SPA, with most resignations effective March 16, 2026. Board committees (Audit, Nomination & Remuneration, Stakeholders' Relationship) were reconstituted with the new directors, the registered office is shifting from Vasant Kunj to Greater Kailash 2 in New Delhi effective March 17, 2026, and the secretarial auditors M/s. S K Nirankar & Associates have also resigned.