Pursuant to regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015 we are enclosing herewith the disclosures received by the Company under Regulations 7(2)(a) of ....
Awaiting price reaction for this filing.
SRM Energy Limited has informed BSE about equity share acquisitions by its two promoters under Regulation 7(2) of SEBI's Insider Trading Regulations. Mr. Umesh Narpatchand Sanghvi acquired 38,70,189 equity shares for approximately Rs. 1.50 crore, and Mrs. Sapna Umesh Sanghvi acquired 25,80,000 equity shares for approximately Rs. 1.00 crore. Both transactions were carried out off-market between March 10–12, 2026, at roughly Rs. 3.88 per share. Neither promoter held any equity shares in the company prior to these acquisitions, meaning this represents a fresh promoter entry/position-building. The total promoter acquisition aggregates to about 64.5 lakh shares worth around Rs. 2.50 crore.
Promoters building a fresh stake of roughly Rs. 2.50 crore is generally viewed as a confidence signal by retail investors, suggesting insiders see value at current levels. However, because the purchases were done off-market, they do not directly affect the stock's liquidity or price discovery on the exchange.