SEPC Limited — Important, 22-05-2025: Committee Meeting Updates

SEPC Limited has announced a rights issue of up to ₹350 crore* through partly paid-up equity shares on an 11-for-50 basis to raise funds primarily for repaying ₹155 crore of debt, augmenting working capital by ₹160 crore, and for general corporate purposes. The company, which focuses on water and sewer infrastructure EPC projects with a large Indian government client base, has an unexecuted order book of ₹739.1 crore (97% from water & sewer). FY24 consolidated revenue was ₹520 crore with a profit of ₹23 crore, marking a recovery despite audit concerns on deferred tax assets and overdue contract assets. Shares will be listed on BSE and NSE; physical shareholders need to update demat details to participate.

*Subject to final allotment.