We hereby inform that the Rights Issue Committee at its meeting held today, approved the Conversion of 30,07,10,295 partly paid-up equity shares into fully paid-up equity shares upon receipt of Final Call Money. Detailed letter is enclosed.
SEPC · price
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SEPC Limited's Rights Issue Committee has approved converting 30,07,10,295 partly paid-up equity shares into fully paid-up equity shares after receiving the Final Call Money. This is a routine procedural step that finalises the company's earlier rights issue. Once converted, these shares will have the full face value paid up and will trade freely without the partly paid-up designation. Shareholders who had not yet paid the final call will need to have done so to qualify for this conversion.
This is a technical/administrative update completing the rights issue process. It does not change the total number of shares or company value, but removes the partly paid-up tag from these shares, making them fully tradable.