Umesh Sanghvi Acquires 42.717% Stake in SRM Energy Limited Through Open Offer

Umesh Narpatchand Sanghvi has acquired a substantial stake in SRM Energy Limited through an off-market transaction pursuant to an open offer, as disclosed under SEBI regulations. The acquisition represents a significant development in the company's shareholding pattern and establishes the acquirer as a promoter of the target company. Acquisition Details The transaction involved the acquisition of 38,70,000 equity shares, representing 42.715% of SRM Energy Limited's total share capital. The shares were acquired through an off-market transaction pursuant to an open offer, completed on March 12, 2026. Parameter: Details Shares Acquired: 38,70,000 Percentage Stake: 42.715% Transaction Mode: Off-market transaction pursuant to open offer Acquisition Date: March 12, 2026 Share Face Value: INR 10.00 per share Pre and Post Acquisition Holdings Prior to this acquisition, Umesh Narpatchand Sanghvi held minimal shares in SRM Energy Limited. The acquirer had 189 shares representing 0.002% of the total share capital before the transaction. Holding Period: Shares Percentage Diluted Percentage Before Acquisition: 189 0.002% 0.002% After Acquisition: 38,70,189 42.717% 42.717% Company and Regulatory Information SRM Energy Limited's shares are listed on BSE Ltd. The company's total equity share capital remained unchanged at 90,60,000 shares before and after the acquisition. Umesh Narpatchand Sanghvi has been classified as a promoter of the target company post-acquisition, pursuant to Regulation 31A(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Compliance and Documentation The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer confirmed that there are no persons acting in concert with him in this transaction. The acquired shares are fully paid-up equity shares with a face value of INR 10.00 each, with no encumbrances, liens, or non-disposal undertakings attached. The formal documentation was signed on March 13, 2026, in Mumbai, Maharashtra, completing the regulatory disclosure requirements for this substantial acquisition. SRM Energy Limited has completed a significant promoter shareholding restructuring with new promoters Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Umesh Sanghvi acquiring 64.50 lakh equity shares worth Rs. 2.50 crore through off-market transactions. The company filed mandatory SEBI disclosures on March 13, 2026, detailing the acquisitions executed on March 12, 2026. New Promoter Share Acquisitions Company Secretary Pankaj Gupta (ICSI M. No.: A63088) submitted Form C disclosures to BSE Limited pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The transactions involved separate acquisitions by both new promoters through off-market purchases. Promoter Acquisitions: Details Mr. Umesh Sanghvi Shares: 38.70 lakh equity shares Mr. Umesh Sanghvi Value: Rs. 1.50 crore Mrs. Sapna Sanghvi Shares: 25.80 lakh equity shares Mrs. Sapna Sanghvi Value: Rs. 1.00 crore Total Transaction Value: Rs. 2.50 crore Transaction Date: March 12, 2026 Disclosure Date: March 13, 2026 Promoter Details and Contact Information Both new promoters are based in Mumbai with registered address at 1101, Aaditya Enclave, 18th Floor, Flat No. 1801, 12th Khetwadi Back Road, Khetwadi, Mumbai-400004, Maharashtra. Mr. Umesh Sanghvi (PAN: AMMP57940P) can be contacted at +91 9892109882, while Mrs. Sapna Sanghvi (PAN: AFBPJ0933R) is reachable at +91 9867314744. New Promoter Information: Specifications Mr. Umesh Sanghvi PAN: AMMP57940P Mrs. Sapna Sanghvi PAN: AFBPJ0933R Registered Address: 1101, Aaditya Enclave, Mumbai-400004 Transaction Mode: Off Market Prior Holdings: NIL Post Transaction Status: Promoters of the Company Corporate Structure and Compliance SRM Energy Limited, with CIN L17100DL1985PLC303047 and ISIN INE173J01018, maintains its registered office at Room No. 2, Ground Floor, 1A Mall Road, Shanti Kunj, Vasant Kunj, New Delhi - 110070. The company's scrip code 523222 on BSE reflects the completed promoter acquisitions with full SEBI regulatory compliance maintained. Upcoming Board Meeting This promoter restructuring aligns with the previously announced Board of Directors meeting scheduled for March 16, 2026, which will address matters related to open offer completion, promoter reclassification, and management restructuring. The acquisitions represent a significant milestone in the company's ownership transition process. 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