SRM Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/07/2025 ,inter alia, to consider and approve the transfer of investment (13,20,000 ....
Awaiting price reaction for this filing.
SRM Energy Ltd has called a Board meeting on 22nd July 2025 to consider transferring its entire investment (13,20,000 equity shares of Rs. 10 each) in its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited. The Board will recommend this transfer for shareholder approval via Postal Ballot. Shareholders on record as of 18th July 2025 will receive the Postal Ballot notice by email. The cut-off date for shareholder eligibility is 18th July 2025.
This is a significant divestiture of a wholly-owned subsidiary, which could materially affect the company's future operations and financials. Shareholders should watch for the Postal Ballot notice for details on the buyer, valuation, and rationale before casting their vote.