Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015please find attached herewith the Outcome of the Board of Directors held today, ....
Awaiting price reaction for this filing.
The board approved the 38th Annual General Meeting notice for September 26, 2025, to be held via video conferencing, along with the Directors' Report and Management Discussion Analysis for FY25. The register of members will be closed from September 20 to September 26, 2025, and e-voting will run from September 23 to 25, 2025. The board re-appointed S.K. Nirankar & Associates as secretarial auditors for FY26 and recommended Rajat Associates as new statutory auditors for 5 years, replacing Saini Pati Shah & Co. LLP. It also approved the transfer of 13,20,000 equity shares held in wholly owned subsidiary SRM Energy Tamilnadu Private Limited to promoter company Spice Energy Private Limited for a lump sum of Rs. 1 lakh, pursuant to shareholder approval via postal ballot concluded on August 22, 2025.
Minor routine items (AGM, book closure, scrutinizer) are administrative. The auditor change and especially the sale of a wholly owned subsidiary's shares to the promoter company for just Rs. 1 lakh is a related party transaction — minority shareholders should note the very low consideration versus the book value of the underlying investment, though it was approved via postal ballot.