Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please be informed that Mr. Raman Kumar Mallick has resigned from the Post of Chief Financial Officer of the Company w.e.f. close ....
Awaiting price reaction for this filing.
Mr. Raman Kumar Mallick has resigned as Chief Financial Officer of SRM Energy Ltd, effective close of business hours on March 16, 2026. The resignation is part of a management change linked to a Share Purchase Agreement (SPA) signed on September 25, 2025, under which Spice Energy Pvt. Ltd. (the outgoing promoter) sold its stake to Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi (the new promoters/acquirers). As per Clause 7.1.4 of the SPA, existing board members and senior management were required to step down following the takeover. Mr. Umesh Narpatchand Sanghvi, one of the new promoters, is already serving as Managing Director. No material reasons for the resignation were cited other than the SPA terms.
This is a routine KMP transition tied to a change in ownership rather than a governance red flag. Investors should expect further resignations and possibly new appointments as the new promoters settle in, but there is no immediate operational or financial implication stated.