SRM Energy Ltd: Four Directors Resign Pursuant to SEBI Regulations and Share Purchase Agreement
SRM Energy Ltd has announced the resignation of four directors, Mr. Sharad Rastogi, Mr. Vijay Kumar Sharma, Mrs. Tanu Agarwal, and Mr. Parshant Chohan, with effect from March 25, 2026 and March 16, 2026, respectively. The resignations are in accordance with Clause No. 7.1.4 of the Share Purchase Agreement (SPA) dated September 25, 2025, executed between Spice Energy Pvt. Ltd. and Mr. Umesh Narpatchand Sanghvi along with Mrs. Sapna Sanghvi, in connection with the Takeover of the Company. The disclosures as required under Regulation 30 read with Schedule IIT of the SEBI Listing Regulations and the SEBI Master Circular dated July 11, 2023 are enclosed in Annexure-I. The resignation letters of the aforesaid Directors are collectively annexed as Annexure-II.
Key Highlights
- Four directors of SRM Energy Ltd have resigned in accordance with the Share Purchase Agreement dated September 25, 2025.
- The resignations include Mr. Sharad Rastogi, Mr. Vijay Kumar Sharma, Mrs. Tanu Agarwal, and Mr. Parshant Chohan.
- The resignations are effective from March 25, 2026 and March 16, 2026.
- The resignations are in compliance with Clause No. 7.1.4 of the Share Purchase Agreement.
- The disclosures as required under Regulation 30 read with Schedule IIT of the SEBI Listing Regulations and the SEBI Master Circular dated July 11, 2023 are enclosed in Annexure-I.