Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please be informed that Mr. Pankaj Gupta has resigned from the post of Company Secretary and Compliance Officer of the Company ....
Awaiting price reaction for this filing.
Mr. Pankaj Gupta has resigned as Company Secretary and Compliance Officer of SRM Energy Ltd, effective close of business hours on March 16, 2026. The resignation is not due to any personal reason but is part of the company's change in management under a Share Purchase Agreement (SPA) signed on September 25, 2025, between Spice Energy Pvt. Ltd. (outgoing promoter/seller) and Mr. Umesh Narpatchand Sanghvi along with Mrs. Sapna Sanghvi (new promoters/acquirers). Clause 7.1.4 of the SPA required existing board members and senior management to step down as part of the takeover. The disclosure has been filed under SEBI LODR Regulations, and the letter is signed by Mr. Umesh N Sanghvi, who is already serving as Managing Director, confirming the new management is in place.
This is a routine key managerial personnel change linked to an already-disclosed takeover, with no surprise element. Shareholders should expect further board-level reshuffling as the new promoter group fully takes control of the company.