Description

Schedule of activities for the offer to buy shares of SRM ENERGY LTD through acquisition window from February 11-25, 2026, offering up to 23,55,600 equity shares at Rs. 4.00 per share.

Summary

BSE has announced the schedule for an Offer to Buy through Acquisition Window (Takeover) for shares of SRM ENERGY LTD. The offer will be conducted from Wednesday, February 11, 2026 to Wednesday, February 25, 2026. The acquirer is offering to purchase up to 23,55,600 equity shares at Rs. 4.00 per share through BSE’s Offer to Buy (OTB) platform.

Key Points

  • Security: SRM ENERGY LTD (Symbol: SRMENERGY, ISIN: INE264N01017, Scrip Code: 523222)
  • Offer Size: Up to 23,55,600 equity shares
  • Offer Price: Rs. 4.00 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Opening Date: Wednesday, February 11, 2026
  • Closing Date: Wednesday, February 25, 2026
  • Trading members can only bid for investors holding shares in demat form
  • UCC of investors must be registered/updated with correct PAN and category

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for a specific corporate action under existing takeover regulations.

Compliance Requirements

  • Trading Members and Custodians must note the activity schedule and operational timings
  • Trading Members must ensure investor UCC is registered/updated with correct PAN Number and Category in BSE UCC database
  • Participants must refer to Exchange Notices 20150930-1 (Sept 30, 2015) and 20170203-29 (Feb 3, 2017) for OTB operational instructions
  • Bidding Restriction: Trading members can only bid for investors having shares in demat form
  • Members must use designated iBBS and RTRMS platforms for bid submission

Important Dates

  • Bid Offering Period: February 11-25, 2026 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: February 11-24, 2026 (9:15 AM to 3:30 PM)
  • Give-up (Last Day): February 25, 2026 (9:15 AM to 3:30 PM)
  • Take-up (Last Day): February 25, 2026 (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer affecting only SRM ENERGY LTD shareholders. The offer size of 23,55,600 shares represents a minority stake acquisition.

Operational Impact: Medium for participating members - Trading members and custodians need to ensure system access and investor account compliance for the 15-day offer period.

Investor Categories Eligible: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Non-Institutional Investors (NOH), Companies (CO), and Individuals (IND).

Platform Access:

Support Contacts: Multiple contact points provided for Trading Operations and Listing Sales teams for technical and operational queries.

Impact Justification

Company-specific takeover offer with limited market-wide impact. Important for SRM ENERGY shareholders and interested acquirers but does not affect broader market operations or regulatory framework.