SEPC Ltd

SEPC Ltd has announced that its Board of Directors will convene on November 11, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter that concluded on September 30, 2026.

SEPC Ltd has received an interim stay from the Hon'ble High Court of Jharkhand regarding the rescinding notices issued by the Executive Engineers of the Drinking Water and Sanitation Divisions, Government of Jharkhand. These notices had aimed to terminate agreements for seven ongoing Rural Water Supply projects. The High Court has granted an ad-interim protection, staying the operation and effect of the rescinding notices until the next hearing scheduled for November 30, 2026. This legal reprieve allows SEPC to secure its contractual rights while pursuing further legal remedies and dispute resolution mechanisms.

SEPC Ltd has received formal intimations from the Department of Drinking Water and Sanitation, Government of Jharkhand, rescinding seven water supply contracts. These contracts were initially awarded in prior years, with the company having made several announcements regarding them since 2016. SEPC Ltd is currently evaluating its options and taking appropriate steps, including invoking dispute resolution mechanisms and legal arbitration, to safeguard its financial and legal interests. The company will continue to update the stock exchanges on material developments.

SEPC Ltd has submitted a detailed valuation report, including calculations, to enhance transparency for shareholders regarding its preferential issue of shares for non-cash consideration. The company confirmed that the valuation methodology, assumptions, conclusions, and the valuation per share of ₹10 remain unchanged from the original report issued by Ms. Ambika Singh. This detailed report is provided for better understanding and does not alter any previous findings. The report is also available on the company's website.

SEPC Limited has announced the signing of a Contract Agreement with Steel Authority of India Limited (SAIL) for the Pellet Plant BOP including Civil & Structural works at SAIL-IISCO Steel Plant, Burnpur. The contract is valued at ₹854.57 Crore (net value after Input Tax Credit of ₹97.04 Crore from a total Contract Price of ₹951.60 Crore). The project is to be commissioned within 32 months from the effective date of September 3, 2026. This contract brings SEPC's consolidated order book to over ₹10,000 Crore, which is more than nine times its FY26 Total Income of ₹1,085.8 Crore, providing significant multi-year revenue visibility.

SEPC Ltd has received a major relief from the Madras High Court, which has lifted the attachment on ₹154 crore of the company's trade receivables. This follows a dispute settlement where the entire settlement amount of ₹149.5 crore was paid by another party under a 2015 indemnity agreement, resulting in no direct monetary outflow for SEPC. The court has terminated execution proceedings and closed pending applications. Consequently, all restrictions on SEPC's banking operations have been lifted, providing the company with greater financial flexibility. The settlement brings a full and final closure to long-standing disputes and execution liabilities.

SEPC Ltd has announced the settlement of long-standing disputes through a Joint Memo of Compromise presented to the Hon'ble High Court of Madras. The settlement involves a total consideration of ₹149.5 Crores, comprising a Demand Draft of ₹147 Crores and ₹2.5 Crores held by the court. This resolution leads to the termination of all related execution petitions and pending applications, and crucially, the lifting of all attachments on SEPC's receivables, valued at ₹154 Crores. The company states there is no direct monetary outflow from SEPC as the payment is covered under a 2015 indemnity agreement. Banking operations restrictions have also been lifted.

SEPC Ltd announced the appointment of Ms. K B K Vasuki as an Independent Director during its 26th Annual General Meeting held on September 28, 2026. The appointment is effective from August 25, 2026, for a term of five years, concluding on August 24, 2031. Ms. Vasuki brings extensive legal expertise, having served as a District Judge and a Judge of the Madras High Court, and previously as a Nominee Director with Star Health and Allied Insurance Co. Ltd. She is not related to any existing directors of SEPC Ltd.

SEPC Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 01, 2026, and will remain in effect for 48 hours after the declaration of the company's financial results for the quarter ended September 30, 2026. The decision aligns with the company's Code of Conduct and SEBI's Prohibition of Insider Trading Regulations, 2015. The specific date for the board meeting to consider these financial results will be communicated later.

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.