SRM Energy Ltd — Board Meeting, 30-07-2025: Board Meeting

SRM Energy has announced a board meeting to approve its financial results for the quarter ended June 30, 2025. The company reported a standalone net loss of Rs 1.40 Cr and a consolidated net loss of Rs 0.09 Cr. Auditors highlighted significant 'going concern' uncertainty due to no business operations, continuous losses, and eroded net worth. The company is disposing of its loss-making subsidiary, SETPL, for Rs 0.01 Cr to its parent, leading to a Rs 1.31 Cr impairment charge. SETPL also faces a major SEBI recovery proceeding for a Rs 43.27 Cr loan. Unpaid employee salaries of Rs 0.14 Cr add to operational challenges.