Requisite disclosure as required under Regulation 30 of SEBI (LODR) for resignation of Directors is annexed.
Awaiting price reaction for this filing.
SRM Energy Ltd has informed the stock exchange that four directors have resigned from the board, triggered by a change in management under a Share Purchase Agreement dated September 25, 2025. The resigning directors are Sharad Rastogi (Whole-time Director, effective March 25, 2026), Vijay Kumar Sharma (Non-Executive Director, effective March 16, 2026), Tanu Agarwal (Independent Director, effective March 16, 2026), and Parshant Chohan (Independent Director, effective March 16, 2026). The change stems from the takeover of the company by Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi (the Acquirers/New Promoters) from Spice Energy Pvt. Ltd. (the outgoing promoters). All four directors confirmed there are no other material reasons for their resignation. The filing is signed by Umesh Narpatchand Sanghvi as Managing Director, indicating the new promoter is already in a board position.
This represents a full board-level transition linked to a change in control of the company. Shareholders should expect new director appointments from the incoming promoter group in the near term, and the strategic direction of the company could shift under the new management. The simultaneous exit of two independent directors also means the board will need to fill those ID positions to stay compliant with listing rules.