We herewith enclose the Published copies of the Newspaper Advertisements dated June 23, 2025 regarding Closure of Rights Issue of the Company. Detailed letter is enclosed.
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SEPC Limited announced the closure of its Rights Issue through newspaper advertisements published on June 23, 2025, in Financial Express (English), Jansatta (Hindi), and Makkal Kural (Tamil). The issue was for up to 35 crore partly paid-up equity shares of ₹10 face value, priced at ₹10 per share with no premium, aggregating to ₹3,500 million (₹350 crore). The ratio offered was 11 Rights Equity Shares for every 50 fully paid-up shares held on the record date of May 23, 2025. Payment was structured with ₹5 payable on application and the remaining ₹5 on a first and final call as determined by the Board. Sumedha Fiscal Services acted as Lead Manager, Cameo Corporate Services as Registrar, and Axis Bank as Banker to the Issue.
The rights issue has formally closed. Eligible shareholders who did not apply and pay by the closing date have forfeited their entitlements. The company will now proceed with allotment of rights shares in dematerialized form to applicants, and any unapplied shares will be handled as per SEBI ICDR Regulations.