The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sapna Umesh Sanghvi
Awaiting price reaction for this filing.
Sapna Umesh Sanghvi, newly classified as Promoter of SRM Energy Ltd, acquired 25,80,000 equity shares representing 28.476% of the company's total share and voting capital. The acquisition was done through an Off Market Transaction pursuant to an Open Offer on March 12, 2026. Before this acquisition, the acquirer held NIL shares in the company. After the deal, her holding stands at 28.476% of both basic and diluted share capital. The total equity share capital of SRM Energy remains at 90,60,000 shares. There are no PACs (Persons Acting in Concert) involved, and the disclosure was filed on March 13, 2026 from Mumbai.
This establishes a new promoter with a sizeable 28.476% stake in SRM Energy, signaling commitment through the Open Offer route. However, since the holding is below 50%, the acquirer does not have a controlling majority, which means existing shareholders retain meaningful influence in company decisions.