SEPC Ltd

SEPC Ltd has secured a significant Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL) for its IISCO Steel Plant (ISP) Burnpur expansion project. The total order value is ₹673.32 Crores, split between two packages: Coke Oven BOP (excluding civil & structural) for ₹296.77 Crores and Sinter Plant BOP (including civil & structural) for ₹376.55 Crores. The contracts are to be executed within 30 and 33 months respectively from the effective date. This award represents a substantial business win for SEPC Ltd.

SEPC Limited announced its unaudited financial results for Q4 and FY26, reporting a year of robust operational progress. Consolidated revenue for FY26 reached ₹1085.84 Cr, a 68.08% increase YoY. Net profit more than doubled, reaching ₹53.54 Cr, a 115.53% increase YoY. The company's Managing Director, Mr. Venkataramani Jaiganesh, highlighted the company's strategic focus on scaling high-value opportunities and diversifying its project portfolio. SEPC has a robust order book of around ₹10,000 Crore.

SEPC Ltd has announced its audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 25, 2026. The results, recommended by the Audit Committee, include an audit report issued by the Statutory Auditors. The company will publish an extract of the consolidated financial results in English and Tamil newspapers. The detailed results are available on the company's website and stock exchange websites. The auditor's report includes a qualified opinion related to Deferred Tax Assets.

SEPC Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, following a board meeting held on May 25, 2026. The results, recommended by the Audit Committee, include an audit report issued by the Statutory Auditors. The company will publish an extract of the consolidated financial results in English and Tamil newspapers and make the detailed results available on its website and stock exchange websites.

SEPC Ltd has released the Monitoring Agency Report for the quarter ended March 31, 2026, pertaining to the utilization of proceeds from the Rights issue of Partly paid-up equity shares. The report, prepared by Infomerics Valuation and Rating Limited, indicates no deviation from the stated objectives of the issue. The report is furnished in compliance with SEBI regulations.

SEPC Ltd. received an Administrative Warning Letter from the Securities and Exchange Board of India (SEBI) dated April 30, 2026, regarding a delay in disclosing arbitration proceedings and a settlement agreement with Hindustan Copper Limited. The company has resubmitted the disclosure under the "Order/Communication from Regulatory Authority" category to align with Schedule III requirements. SEPC states that the warning letter has no financial or operational impact on the company.

SEPC Ltd. announced that MOIL Limited has cancelled a work order worth ₹230 Crores, which was previously disclosed on December 29, 2025. The order was for designing, construction, furnishing, and equipping MOIL's 3rd Vertical Shaft on a turnkey basis. As a result of the cancellation, SEPC will forfeit its Earnest Money Deposit (EMD) of ₹50 Lakhs.

SEPC Ltd has announced that a meeting of its Board of Directors is scheduled for May 25, 2026. The primary agenda includes considering and approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, as per Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEPC Limited announced that its joint operation, SEPC-Furlong JV, has secured an EPC Sub-contract with M/s. Shalimar Corp Limited (SCL) for the "Widening / Upgradation to four lane configuration of Shahjahanpur – Bisalpur section in Uttar Pradesh". The project is awarded on a lump-sum turnkey basis for a contract price of ₹521.46 Cr.

SEPC Ltd's Rights Issue Committee approved the conversion of 24,236,652 partly paid-up equity shares into fully paid-up equity shares following the receipt of final call money. This decision follows a previous intimation dated April 13, 2026, regarding a First and Final Reminder Cum Forfeiture Notice for 49,291,505 partly paid-up shares issued on a rights basis, pursuant to a Letter of Offer dated May 22, 2025. The company received payment for 24,236,652 shares out of the 49,291,505 shares for which the call notice was sent.