Please be informed that the Board of Directors at their meeting held today i.e. July 22, 2025 had considered and approved the following: 1) Recommend the shareholders for their approval ....
Awaiting price reaction for this filing.
The Board of SRM Energy, at its meeting on July 22, 2025, approved seeking shareholder approval (through a postal ballot) to transfer its entire investment of 13,20,000 equity shares (face value Rs. 10 each) in its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, to its holding company, Spice Energy Private Limited. Mr. Satish Kumar Nirankar has been appointed as the scrutinizer to conduct the postal ballot via remote e-voting. The remote e-voting window will run from July 24, 2025 to August 22, 2025, with results expected to be declared on August 24, 2025. This is essentially an internal group restructuring, moving the subsidiary holding up to the parent level.
This is an internal reorganization within the SRM Energy group (transferring the subsidiary up to the holding company) rather than an outside deal, so direct impact on minority shareholders is limited. Shareholders should still review the proposal and vote, as it changes the company's direct subsidiary structure.