SEPC Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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SEPC Limited has submitted a statement to NSE reporting deviations or variations in the use of proceeds, as required under Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements (LODR). This regulation applies when the actual use of funds raised through a public issue, rights issue, or preferential allotment differs from what was disclosed in the original offer document. Such statements are typically filed on a quarterly basis. The headline does not specify the amount of deviation, the purpose originally stated, or the revised use of funds, so the materiality of the variation cannot be assessed from this filing alone.
Reg 32 filings are often routine compliance submissions, but investors should check the accompanying note for the size and nature of the deviation — significant variations in fund usage can be a red flag for governance and may affect investor confidence.