Board approves variation in Rights Issue objects; Rs 124.20 Cr to working capital

Rights issue to repay debtFund Raising View source PDF Explain this filing

SEPC · price

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

+0.9%Reaction day

₹8.02

prior close

₹8.36

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+3.7%-2.8% vs market

Civil Construction peers, median of 94sector+2.0%-1.1% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.1 pts less 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.9+3.7-2.8+2.0-1.1

Next day

+6.0+5.1+0.9+3.2+2.8

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+12.2+3.2+9.0+1.3+10.9

+20.8+5.9+14.9+4.1+16.8

+25.9+6.9+19.0+5.1+20.8

+29.6+5.9+23.7+4.1+25.4

15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

SEPC Limited's board approved varying the objects of its 2025 Rights Issue. Originally, Rs 140 Crores was earmarked for repaying Non-Convertible Debentures but remains unutilized. The board has now approved reallocating the proceeds: Rs 15.80 Crores will continue toward NCD repayment, while Rs 124.20 Crores will go toward working capital needs. The variation is subject to shareholder approval via postal ballot under Section 27 of the Companies Act, 2013.

Likely market impact

Reallocation raises concerns about the company not deploying funds for its stated debt repayment goal, shifting 89 percent to working capital. Subject to shareholder approval.