An update on earlier intimation submitted on Order from Hon'ble Supreme Court of India under Regulation 30. Detailed Letter is enclosed
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SEPC Limited (formerly Shriram EPC) shared an update on a Supreme Court order dated August 1, 2025, in a case where it was named as Respondent No. 2. The court had earlier directed SEPC and co-respondent Twarit Consultancy Services to deposit Rs. 29.50 crore with interest. Twarit Consultancy has since deposited a total of Rs. 39.50 crore via multiple installments and demand drafts, which the Supreme Court accepted and ordered to be disbursed to petitioner GPE (India) Limited. The matter is next listed for hearing on August 19, 2025. SEPC stated that the order was a follow-up to an earlier intimation from May 23, 2025.
No direct financial impact on SEPC shareholders claimed by the company, as SEPC says it is fully indemnified under a September 2015 agreement with Twarit Consultancy and Shri Housing Private Limited. However, the litigation remains ongoing and shareholders should monitor the next hearing for any developments that could affect the indemnification arrangement.