Pursuant to Regulation 30 read with Regulation 30A and Scheduled III of the Listing Regulations, we hereby inform you that M/s. Spice Energy Private Limited, the Promoter / Holding Company ....
Awaiting price reaction for this filing.
SRM Energy's promoter, Spice Energy Private Limited, has signed a Share Purchase Agreement on September 25, 2025 to sell its entire holding of 64,50,000 equity shares (approximately 71.19% of the company's paid-up share capital) to Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi. The buyers are unrelated to the existing promoter or group companies. Upon completion, the acquirers will take over management and control of SRM Energy, and will be required to launch an open offer for the company's shares as per SEBI (SAST) Regulations. Sobhagya Capital Options Private Limited has been appointed as the Manager to the Open Offer. The transaction is not a related-party deal and there is no conflict of interest stated.
This is a major event: the company's promoter and controlling shareholder are changing hands entirely. Existing public shareholders will get an opportunity to tender shares in the mandatory open offer that follows. The stock may see significant volatility and price discovery once the open offer price is announced.