SRM Energy Limited (formerly known as Hitkari Fibres Limited) is a specialized entity currently transitioning under new leadership in the power and utilities sector. Originally established as a manufacturer of non-woven fabrics and needle-punched technology textiles, the company underwent a major strategic shift in 2009 to focus on power generation. It was reorganized as a Special Purpose Vehicle (SPV) to develop and implement thermal and renewable power projects.;

CEO/MD

Mr. Umesh Narpatchand Sanghvi

Founded in

1985

BSE symbol

523222

Shareholding Pattern

Mar '25

Jun '25

Sep '25

Dec '25

Mar '26

Promoters
71.19%
Retail And Others
28.74%
Mutual Funds
0.06%

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ScoutQuest • 1 month ago

Open offer for 23.6L SRM Energy shares, 26% of equity at Rs. 4/share. Post-offer advertisement published on March 16, 2026.

ScoutQuest • 1 month ago

SRM Energy CFO Raman Kumar Mallick resigns effective March 16, 2026. Resignation follows management changes per Sept 2025 Share Purchase Agreement.

ScoutQuest • 1 month ago

Umesh and Sapna Sanghvi acquire 64.5 mn shares of SRM Energy Ltd. Umesh Sanghvi appointed MD for 5 years; multiple directors resign.

ScoutQuest • 1 month ago

Group company wrote off Rs. 22.3 crore loan to SRM Energy Ltd. Liability removal aligns with accounting standards, benefiting SRM Energy's books.

ScoutQuest • 1 month ago

SRM Energy completed acquisition of 64.5M shares; acquirers now promoters. Selling company exits promoter group; SEBI compliance confirmed.

MarketScreener India • 1 month ago

Sapna Sanghvi acquired 28.48% stake in SRM Energy Ltd from Spice Energy for INR 10M. Transaction finalized March 13, 2026; sale subject to BSE freeze removal on shares.

BSE • 1 month ago

SRM Energy's board to meet on March 16, 2026, post open offer for 26% equity. Agenda includes reclassification of promoters, management changes, and office relocation.

ScoutQuest • 2 months ago

SRM Energy announces open offer to acquire 26% equity via 2.36M shares at Rs.10 each. Corrigendum to the Letter of Offer submitted on Feb 12, 2026, for transparency with BSE.

BSE • 2 months ago

IDC recommends SRM Energy's open offer at Rs. 4/share as fair and reasonable. The offer price exceeds negotiated price and intrinsic value of SRM Energy Ltd.

ScoutQuest • 3 months ago

SRM Energy Ltd open offer to acquire 23.6L shares (26% voting) at ₹4/share. Offer runs from 11-25 Feb 2026; risks include regulatory approvals and tender conditions.

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Home>Stocks>SRM Energy

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