SEPC Limited — QIP/Rights/Pref., 14-11-2024: Rights Issue

SEPC Limited has announced a board meeting to discuss several key matters, including raising funds through a rights issue of equity shares valued at up to ₹350 crores, subject to shareholder approval. The face value of the shares is ₹10 each, and the precise number of shares to be issued will be determined later. Additionally, the company reported its unaudited financial results for the quarter and half-year ended September 30, 2024, with a total income of ₹36,014.87 lakhs, resulting in a profit after tax of ₹1,037.20 lakhs for the half-year. Furthermore, the authorized share capital will increase from ₹1,750 crores to ₹2,250 crores, pending shareholder consent.