SRM Energy Reports FY26 Results and AGM Schedule

Profit of Rs 32.06 lakh for FY26 versus a loss of Rs 37.58 lakh in FY25.
Zero revenue from operations reported for the fiscal year.

Reader Takeaway: Profit driven by liability write-backs; auditor raises going concern warnings amid lack of core business activity.

What just happened

SRM Energy Limited has officially scheduled its 39th Annual General Meeting for September 22, 2026, to be held via video conferencing. Shareholders will vote on financial adoption and the reappointment of director Sapna Umesh Sanghvi. The company reported a net profit of Rs 32.06 lakh for FY 2025-26, supported by 'Other Income' following the write-back of liabilities, while core revenue remained at zero.

Why this matters

The financial results highlight a period of transition rather than operational recovery. With no active business projects and the divestment of its wholly-owned subsidiary, SRM Energy Tamilnadu Private Limited, the company remains in a state of strategic evaluation under new ownership.

Auditor's Report

Statutory auditors M/s Rajat Associates have issued a qualified opinion. The audit highlights two primary concerns: a negative net worth with current liabilities exceeding assets, and material uncertainty regarding the company's ability to continue as a going concern. The auditor also noted the delayed recognition of impairment losses on the divested subsidiary.

Management and Control

The company underwent a change in control in September 2025 when Spice Energy Private Limited, the former promoter, executed a share purchase agreement. New management is currently tasked with assessing strategic alternatives to revive business operations, as the long-planned 1,980 MW Cuddalore power project remains non-operational.

Context metrics

• Total Income: Rs 227.12 lakh (FY26) vs Rs 0.00 (FY25)
• Net Profit/Loss: Rs 32.06 lakh profit (FY26) vs Rs (37.58) lakh loss (FY25)