SEPC updates Annexure-1 for resignation of Dr. Ashutosh Karnatak

SEPC Limited updated the Annexure-1 disclosure regarding the resignation of Dr. Ashutosh Karnatak as a Non-Executive Independent Director effective June 24, 2026. The update provides additional details on his other directorships and confirms the absence of material reasons beyond those previously cited. The company submitted the revised filing to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Dr. Ashutosh Karnatak, holding Director Identification Number (DIN) 03267102, resigned due to personal reasons and other professional commitments. In a communication dated June 25, 2026, he confirmed that there are no other material reasons for his resignation other than those provided in his resignation letter dated June 24, 2026. The resignation was accepted by the company's management, with the filing confirmed by T Sriraman, Company Secretary & Compliance Officer.

Details of Resignation

The following table outlines the key details regarding the director's cessation and associated disclosures:

S. No.	Disclosure Requirements	Details
1.	Reason for Change	Resignation from the office of Additional Director in the capacity of Non-Executive, Independent Director of the Company, due to personal reasons and other professional commitments.
2.	Date of Cessation	June 24, 2026.
3.	Brief Profile	Not applicable
4.	Disclosure of relationship between directors	Not applicable
5.	Letter of Resignation	Attached herewith
6.	Directorships in Listed Entities	Jindal Saw Limited – Independent Director
7.	Membership of Board Committees in Listed Companies	NIL

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.90%	-7.04%	-15.40%	-30.61%	-54.93%	+26.99%

SEPC , the engineering and infrastructure company, has disclosed that its current order book stands at approximately ₹10,000 crore. This substantial order backlog provides a strong foundation for the company's near-term business activity and revenue visibility.

Revenue Growth Outlook

Alongside the order book disclosure, the company's Co-Managing Director has expressed confidence in the business trajectory, anticipating revenue growth in the range of 20% to 30% for the current year. The outlook reflects expectations of a healthy order pipeline and sustained operational momentum.

Order Outlook and Key Client Expectations

The Co-Managing Director has also expressed anticipation of increased orders from SAIL, a major public sector steel producer. This signals the company's continued engagement with large public sector clients and its focus on further strengthening its already robust order book.

Key Highlights

Parameter:	Details
Current Order Book:	Approximately ₹10,000 crore
Anticipated Revenue Growth:	20% to 30% this year
Expected Order Source:	SAIL
Statement By:	Co-Managing Director

SEPC's current order book stands at approximately ₹10,000 crore.
The Co-Managing Director anticipates revenue growth of 20% to 30% for the current year.
The company expects increased orders from SAIL, a major public sector steel producer.

The combination of a sizeable order book of approximately ₹10,000 crore, a targeted revenue growth of 20% to 30%, and anticipated order additions from SAIL collectively reflect the management's positive outlook on business conditions for the year ahead.