SRM Energy has informed that the acquisition of 64,50,000 equity shares of the Company by the Acquirers under the SPA (the Acquisition) has been completed by way of transfer of said equity shares by the selling Company Spice Energy to the Acquirers.. As disclosed in para 3.3.6 of the Letter of Offer dated February 03, 2026 issued in connection with the Open Offer, the Acquirers had expressed their intent to be classified as the Promoters of the Company and the Selling Company had expressed their intent to cease to be part of the ‘Promoter/Promoter group’ upon the consummation of the SPA. As confirmed by the outgoing Promoters that they are in compliance of the requirements of Regulation 31A(3)(b). Also, the Company is in compliance with 31A(3)(c) of the SEBI Listing Regulations and accordingly, The Acquirers are now classified as the ‘Promoters’ of the Company; and The Selling Company (Spice Energy Private Limited) along with its wholly owned subsidiary, Nyra Holdings, have ceased to be part of the Promoter/Promoter group of the Company with immediate effect, upon completion of the Acquisition. This disclosure is being made pursuant to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.