SEPC contests TCIL banning order for Punjab metering project

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SEPC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹6.15

prior close

₹6.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.8% vs market

Civil Construction peers, median of 97sector-0.7%+2.5% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-1.0

15m

-0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.1+1.8-0.7+2.5

Next day

-1.3-0.2-1.1-1.3+0.0

-1.1+0.1-1.3-1.9+0.7

-4.4+0.3-4.7-2.1-2.3

-6.2+0.4-6.6-2.5-3.7

-4.1+0.5-4.6-2.8-1.3

-7.0+0.3-7.3-4.0-3.0

15d

-11.7+1.9-13.6-3.7-8.0

-14.1+2.2-16.3-5.3-8.8

-7.5-1.2-6.3-11.1+3.6

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SEPC received a banning order from Telecommunications Consultants India Limited (TCIL) linked to the earlier-cancelled Smart Prepaid Metering Project in Punjab. The company is strongly contesting the order, rejecting all allegations, and has challenged it before the appropriate authorities. SEPC is pursuing legal remedies, including seeking an immediate stay and quashing of the order. Earlier stock exchange filings in February and March 2026 covered the original Letter of Intent and its cancellation.

Likely market impact

Negative near-term sentiment as SEPC fights a banning order that could limit its access to government contracts. Legal challenge outcome is key.