SRM Energy Limited SRM Energy Limited (SRMENERGY.BO), a BSE-listed holding company and subsidiary of Spice Energy Private Limited, focuses on power generation and energy projects in India with no significant current operations. Incorporated in 1985 as Hitkari Fibres Limited and renamed SRM Energy Limited in January 2009 following a merger with SRM Energy Private Limited, the company is headquartered in New Delhi and previously manufactured non-woven fabrics including automotive moulded car carpets, blankets, upholstery, and floor coverings supplied to major manufacturers such as Maruti Udyog Limited, General Motors India, Tata Motors Limited Tata Motors Limited, Hyundai Motor India Limited, and Mahindra & Mahindra Limited Mahindra & Mahindra Limited; it planned thermal power projects totaling 4,000 MW including 1,800-2,000 MW coal-based capacity in southern India, a 5.0 million tons per annum refinery in eastern India, and a combined cycle gas-based plant in coastal Maharashtra. The company operates primarily in the power generation and distribution sector targeting industrial and utility customers across India. In recent developments, SRM Energy Limited reported standalone net losses including Rs 0.12 crore for the September 2025 quarter and completed the sale of all land assets in its wholly-owned subsidiary SRM Energy Tamilnadu Private Limited during fiscal 2023-24 to settle inter-company loans, with a board meeting scheduled for November 11, 2025, to consider transferring 1.32 million shares in the subsidiary and other matters; additionally, in September 2025, Umesh Narpatchand Sanghvi and Sapna Sanghvi proposed acquiring a 26% stake for INR 9.4 million alongside management changes such as director resignations and auditor re-appointments in 2025.