We hereby inform the Exchange on the cancellation of Letter of Intent(LOI). Detailed letter is enclosed.
SEPC · price
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Awaiting price reaction for this filing.
SEPC Limited has informed stock exchanges that Telecommunications Consultants India Limited (TCIL) has cancelled a Letter of Intent (LOI) that was previously communicated to the company on February 7, 2026. The LOI, referenced as TCIL/DT/DCCS/PSPCL/2026/1, appears to be linked to a project for PSPCL (Punjab State Power Corporation Limited). The company has stated it is taking appropriate steps in the matter and will update exchanges on any further material developments. No specific reasons for the cancellation or the financial value of the original LOI have been disclosed in this filing.
This is a negative development for SEPC shareholders as a potential revenue opportunity has been lost before it could materialise into a firm order. The stock may see short-term negative sentiment, though the actual financial impact depends on the undisclosed value of the cancelled LOI.