SEPC Limited has received an Administrative Warning Letter from the Securities and Exchange Board of India (SEBI) dated April 30, 2026. The communication was addressed to the company regarding its compliance with disclosure norms under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Details of the Violation

The regulatory authority cited a delay in the disclosure of specific proceedings. The violation pertains to the delayed announcement of arbitration proceedings and a settlement agreement involving Hindustan Copper Limited. SEPC disclosed these details in a filing submitted to the National Stock Exchange of India Limited and BSE Limited on May 21, 2026.

Impact Assessment

In its disclosure, the company clarified the consequences of this regulatory action. SEPC stated that there is no financial or operational impact on the entity resulting from the Administrative Warning Letter. The filing was re-submitted under the specific category “Order/Communication from Regulatory Authority” to ensure alignment with Schedule III requirements of the LODR Regulations.

Regulatory Disclosure Parameters

The following table outlines the key parameters disclosed by the company in compliance with the regulations:

SEPC Limited has informed the stock exchanges that its unincorporated joint operation, SEPC-Furlong JV, has entered into an EPC Sub-contract with M/s. Shalimar Corp Limited (SCL). The development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to both the National Stock Exchange of India Ltd. and BSE Limited on 14-05-2026.

Contract Details

The EPC Sub-contract pertains to the widening and upgradation to four-lane configuration of the Shahjahanpur – Bisalpur section in Uttar Pradesh. The JV has also received a Letter of Award (LOA) for this project. The contract has been structured on a lump-sum turnkey basis, with the total Contract Price fixed at Rs.521.46 Cr. (Rupees Five Hundred Twenty One Crore Forty-six Lakh only).

The key parameters of the contract are summarised below:

Regulatory Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by T. Sriraman, Company Secretary of SEPC Limited, and digitally authenticated on 14-05-2026.