We hereby inform the exchange of the meeting of the shareholders to be held through Postal Ballot to approve the variation in the objects of the Rights issue. Detailed Letter is enclosed.
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SEPC Limited has informed the exchange that a shareholder meeting will be held through Postal Ballot to approve a change in the stated objects (purpose) of its ongoing Rights Issue. This means the company is seeking shareholder consent to modify what the funds raised through the Rights Issue will be used for. The detailed letter has been enclosed with the filing. Shareholders will need to vote on this proposed change.
Investors should review the detailed letter to understand how the revised use of Rights Issue proceeds differs from the original plan, as this could affect the company's financial direction and the rationale for raising capital. The stock may see short-term volatility around the postal ballot outcome.