We hereby inform the Exchange the First and Final Reminder Cum Forfeiture Notice in respect of First And Final Call on the Outstanding Partly Paid-Up Equity Shares of the Company issued and allotted on Rights Basis, pursuant to Letter of Offer Dated May 22, 2025. Detailed Letter is enclosed.
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEPC Limited has issued a First and Final Reminder-Cum-Forfeiture Notice to shareholders who have not paid the call money on 4.92 crore partly paid-up equity shares allotted under the rights issue (Letter of Offer dated May 22, 2025). The outstanding call amount is ₹5 per share (entirely towards face value, no premium). Shareholders have between April 15, 2026 and April 29, 2026 to make the payment online. If they fail to pay, their partly paid-up shares, including any amount already paid, will be forfeited by the company. Once paid, the ₹5 partly paid shares will be converted to ₹10 fully paid-up shares under a different ISIN. The original ISIN (IN9964H01012) for the partly paid shares has been suspended from trading since September 30, 2025. This is the first reminder, following earlier intimation dates of October 14, 2025 and November 12, 2025.
Negative signal — a significant portion of rights issue allottees appear to have not paid the call money, raising concerns about shareholder confidence and the success of the rights issue. Risk of share forfeiture may dilute holdings of non-paying shareholders, while successful payment by remaining holders will convert their shares to fully paid status.