SEPC Limited — Board Meeting, 28-11-2024: Outcome of Board Meeting

The Board of Directors has approved the conversion of 70,83,000 Compulsorily Convertible Debentures into 2,64,98,317 equity shares with a face value of ₹10 each. The newly allotted equity shares will rank equally with existing shares and are set to be listed on BSE and NSE, pending regulatory approvals. Additionally, the Board has delegated the authority to oversee this conversion to the Issue and Allotment Committee. This move is likely to enhance capital structure and shareholder value, reflecting a proactive approach to financial management.