SEPC Ltd

SEPC Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report details the company's integrated design, engineering, procurement, construction, and project management services across water infrastructure, process and metallurgy plants, power plants, and mines. The BRSR is aligned with the National Voluntary Guidelines (NVGs) and covers 9 principles, including ethics, employee well-being, environmental impact, and customer value creation. SEPC's primary business activity is construction, accounting for 100% of its turnover, with specific services including sewer systems and road construction. The company operates on a standalone reporting basis and serves government departments, public sector entities, and municipal bodies.

SEPC Ltd has filed its Annual Report for the financial year 2025-26, along with the Notice of the 26th Annual General Meeting (AGM). The AGM is scheduled for Monday, September 28, 2026, at 10:30 a.m. IST, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The report highlights a significant improvement in financial performance, with revenue from operations increasing by approximately 76.44% to ₹1,054.50 crore and Profit After Tax rising to ₹53.84 crore. A key event during the year was the successful completion of a ₹350 crore Rights Issue in June 2025, which strengthened the company's financial platform and supported working capital. The company also noted encouraging momentum in its order pipeline, particularly in the industrial EPC segment.

SEPC Ltd has announced the Notice of its 26th Annual General Meeting (AGM) for the Financial Year 2025-26. The meeting is scheduled to be held on September 28, 2026, at 10:30 A.M. IST, via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company also enclosed its Annual Report for FY 2025-26. The report highlights a significant improvement in consolidated financial performance, with revenue from operations increasing by 76.44% to ₹1,054.50 crore and Profit After Tax rising to ₹53.84 crore. A key event during the year was the successful completion of a ₹350 crore Rights Issue in June 2025, which strengthened the company's financial platform.

SEPC Limited has received in-principle approval from its Board to enter the UAE petroleum trading business through the 100% acquisition of Wintality Petroleum FZE. The acquisition will be executed via a non-cash consideration, involving a share swap with SEPC's wholly-owned UAE subsidiary, SEPC FZE. This strategic move aims to expand SEPC's international footprint without any cash outflow from the parent company. Wintality Petroleum FZE, engaged in import, export, and global trading of refined petroleum products, will become a step-down subsidiary of SEPC Limited upon completion. The transaction involves restructuring SEPC FZE's equity, resulting in SEPC Limited retaining a 95.75% stake.

SEPC Ltd announced the outcome of its Board Meeting held on August 25, 2026. Key decisions included the proposed Annual General Meeting on September 28, 2026, and the appointment of Ms. K B K Vasuki as an Additional Director (Non-Executive, Independent) for a five-year term, subject to shareholder approval. The Board also granted in-principle approval for SEPC FZE, Sharjah, to acquire 100% of Wintality Petroleum FZE via a strategic share swap. This transaction will make Wintality Petroleum FZE a step-down subsidiary of SEPC Limited. The Board also approved the subdivision of SEPC FZE's equity and capitalization of reserves to facilitate this acquisition.

SEPC Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Rights issue of Partly paid-up equity shares. The report, prepared by Infomerics Valuation and Rating Limited, indicates no deviation from the objects for which the funds were raised. The Rights issue aggregated to ₹350.00 crore. The monitoring agency confirms that the report provides an objective view based on provided information and does not perform independent verification beyond that.

SEPC Ltd has announced the resignation of Mr. Rajesh Kumar Bansal, a Non-Executive - Independent Director, effective August 13, 2026. The resignation is attributed to personal reasons and other commitments, as stated in his resignation letter. Mr. Bansal confirmed there are no other material reasons for his departure. He holds no other directorships or committee memberships in listed entities. The company has accepted the resignation and will file necessary regulatory disclosures.

SEPC Limited announced its consolidated financial results for Q1 FY27, reporting a 40% year-on-year revenue growth to ₹282 Cr from ₹202 Cr in Q1 FY26. This growth was achieved despite margin pressures on select overseas contracts, particularly in the Middle East. The company's EBITDA stood at ₹26 Cr with a margin of 9.2%, down from ₹30 Cr and 14.9% in the prior year's quarter. SEPC reported a net loss of ₹11 Cr for the quarter, compared to a profit of ₹17 Cr in Q1 FY26. The order book remains robust at ₹10,670 Cr, with a significant domestic order book of ₹5,270 Cr and an international order book of ₹5,400 Cr. The company secured a large multi-package win from SAIL for its IISCO Burnpur Steel Plant, including a ₹952 Cr Pellet Plant order. SEPC is also progressing with the acquisition of Avenir International and has utilized rights issue proceeds for debt repayment and working capital.

SEPC Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report. The detailed financial results will be available on the company's website and stock exchanges. The company will also publish an extract of the consolidated financial results in English and Tamil newspapers.

SEPC Ltd reported consolidated revenue of ₹273.80 Cr for the quarter ended June 30, 2026, up 35.4% YoY from ₹202.28 Cr but flat QoQ (-0.01%) against ₹273.83 Cr in Q4 FY26 (standalone revenue grew faster YoY, +50.4% to ₹118.85 Cr, reflecting a larger swing in the domestic book versus the overseas/JV-heavy consolidated entity). Operating profitability before tax stayed positive — consolidated PBT was ₹13.17 Cr, down 30.9% YoY from ₹19.05 Cr and 11.4% QoQ from ₹14.87 Cr — but the company swung to a consolidated net LOSS of ₹11.05 Cr (EPS -₹0.06) versus a profit of ₹16.55 Cr a year ago and ₹13.73 Cr last quarter. Standalone PAT was also a loss, ₹18.17 Cr, versus profits of ₹6.86 Cr YoY and ₹7.49 Cr QoQ. The loss is driven entirely by a ₹24.22 Cr deferred tax asset (DTA) write-off (Note 6) — management, as a matter of prudence, charged off DTA recognised on carried-forward business losses that is due to expire within this financial year, out of ₹190.24 Cr of DTA nearing expiry. The company explicitly frames this as a non-cash accounting adjustment with no impact on cash flow, liquidity or debt servicing, and says the underlying business loss remains available for future carry-forward. Even stripping this out, though, underlying profitability softened: NPM compressed to -3.91% from +8.12% YoY and +4.75% QoQ, and the pre-exceptional operating margin (PBT/revenue) fell to 4.81% from 9.42% YoY and 5.58% QoQ — cost of materials/execution expenses grew faster than revenue. This remains a qualified review: auditors flagged unresolved uncertainty on ₹91.63 Cr of the DTA balance and on recoverability of ₹90.38 Cr of overdue non-current contract assets and trade receivables tied to stalled projects — the same qualification carried from prior quarters. On the order side, the company secured a ₹854.57 Cr order from SAIL-ISP (announced August 6, 2026), and shareholders approved (August 5, 2026) the proposed ₹1,530 Cr acquisition of up to 90% of UAE-based Avenir International Engineers and Consultants via share swap, with lender and stock-exchange approvals still pending. Management gives no formal quarterly guidance on record, and no Q1-specific Street consensus for SEPC was found; a broader analyst thesis (Univest) had pencilled in 15-20% PAT growth for FY27, a bar this quarter's loss now sits well below. Going into Q2 FY27, the print sets up two things to track: whether the ₹13.17 Cr PBT run-rate holds given the YoY margin compression, and whether the Avenir approvals and the ₹90.38 Cr stalled-project recoveries progress — both of which management has cited as central to its going-concern basis alongside the completed Rights Issue and investor-backed working capital funding.