STOCKWATCH
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Power Generation
Acquisitions14 Mar 2026, 03:44 pm

Promoter Umesh Narpatchand Sanghvi Acquires 42.715% Stake in SRM Energy Ltd

AI Summary

According to a disclosure made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Umesh Narpatchand Sanghvi has acquired a significant stake in SRM Energy Ltd. The acquisition details are as follows: Before the acquisition, the acquirer along with PACs held 0.002% shares carrying voting rights. Post acquisition, the acquirer's stake has increased to 42.715%. The acquisition was made through an open offer pursuant to the SEBI regulations. The acquirer has been classified as a Promoter post closing of the acquisition on March 12, 2026.

Key Highlights

  • Umesh Narpatchand Sanghvi acquires 42.715% stake in SRM Energy Ltd
  • Acquisition made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
  • Acquirer classified as a Promoter post acquisition
  • Acquisition made through an open offer
  • Acquisition date: March 12, 2026
SRMENERGY
Power Generation
SRM ENERGY LTD.

Price Impact