SRM Energy Ltd — Important, 26-08-2025: Company Update

SRM Energy's board has approved the transfer of its entire wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, to its holding and promoter company, Spice Energy Private Limited. The transaction involves 13,20,000 equity shares for a lump sum consideration of Rs. 0.01 Cr. This move, approved by shareholders, is a related party transaction conducted on an arm's length basis. The subsidiary had contributed nil to SRM Energy's turnover, revenue, or net worth in the last financial year. This disposal streamlines the company's structure.