SRM Energy Ltd — Others, 22-07-2025: AGM/EGM

SRM Energy is seeking shareholder approval via postal ballot for two key proposals. The company plans to sell its entire stake of 13.2 lakh equity shares in its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, to its holding company, Spice Energy Private Limited, for a lump sum consideration of 0.01 Cr. The subsidiary has no ongoing business, carries significant liabilities, and is undergoing insolvency proceedings, with its share price valued in negatives. This strategic move aims to provide the company relief from these liabilities and enable it to explore better future opportunities. The transaction is also being presented for approval as a related party transaction. The holding company, being a related party, will not be entitled to vote on this resolution.