We hereby inform the Exchange that the Rights Issue Committee at its meeting held on today has considered and approved the terms of the Rights Issue of partly paid up Equity Shares. Detailed letter is enclosed.
SEPC · price
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SEPC Limited's Rights Issue Committee has finalized the terms of its proposed Rights Issue worth up to Rs. 35,000 Lakhs (approximately Rs. 350 crores). The company will issue around 34.98 crore partly paid-up equity shares of Rs. 10 face value at Rs. 10 per share (i.e., at par, no premium). Existing shareholders will be offered 11 Rights Equity Shares for every 50 fully paid-up shares held as on the record date of May 23, 2025. Payment is split into two tranches — Rs. 5 on application and Rs. 5 on a later call. The Rights Issue window opens on June 9, 2025 and closes on June 23, 2025.
Shareholders as on the record date (May 23, 2025) will get a chance to buy additional shares at face value, but will need to commit fresh capital in two stages. Since the issue is at par, there is no immediate discount benefit, and the stock may see dilution pressure and short-term price weakness ahead of the ex-date.