We hereby inform that the Rights Issue Committee at its Meeting held today, approved the conversion of 24236652 Partly Paid- up equity shares in to Fully Paid- up equiy shares upon receipt ....
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEPC Ltd has completed the final call money collection for its Rights Issue. Out of 49,291,505 partly paid-up equity shares (issued via Letter of Offer dated May 22, 2025), only 24,236,652 shares (approximately 49%) received the First and Final Call payment. The Rights Issue Committee has approved converting these paid shares into fully paid-up equity shares. Approximately 25 million shares did not receive payment and may be forfeited.
Only half the shareholders responded to the call money notice, which is a weak response and could indicate shareholder lack of confidence or inability to pay. The remaining unpaid shares may be forfeited, reducing the company's capital base.