Vijay Singh
Chennai (Tamil Nadu) [India], May 19:SEPC Limited (formerly Shriram EPC Ltd), a leading EPC services provider, has announced a Rights Issue to raise up to ₹35 crore through the issuance of partly paid-up equity shares. The company’s Board of Directors approved the issue terms on May 13, 2025.
The Rights Issue comprises 34.98 crore partly paid-up equity shares at a face value of ₹10 each. The issue price is ₹10 per share, to be paid in two installments—₹5 on application and the remaining ₹5 on the first and final call. The Record Date to determine shareholder eligibility has been fixed as Friday, May 23, 2025.
The subscription window for the Rights Issue will open on Monday, June 9, 2025, and close on Monday, June 23, 2025. Eligible shareholders will be entitled to subscribe to 11 Rights Equity Shares for every 50 fully paid-up equity shares held as of the Record Date. The total issue size and share allotment are subject to final subscription and completion of the Basis of Allotment.
In a separate development, SEPC has secured five new Operation & Maintenance contracts from Bajaj Energy Private Limited, aggregating to ₹18 million. The contracts pertain to Bajaj Energy’s five 45 MW power plants located in Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula, and Kundarki in Uttar Pradesh. The services are set to commence from May 14, 2025, with a tenure of 12 months for each site.
SEPC Ltd operates across sectors including water and wastewater treatment, infrastructure, power, metallurgy, and mineral processing. Domestic Institutional Investors hold a 25.16% stake in the company, with major shareholders including Punjab National Bank, Central Bank of India, The South Indian Bank, Axis Bank, Bank of India, IndusInd Bank, Union Bank of India, Bank of Baroda, and The Federal Bank.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
