SEPC Limited has issued a critical notice to shareholders holding partly paid equity shares, demanding immediate payment of the final call amount or face forfeiture of their holdings. The company dispatched the first and final reminder-cum-forfeiture notice on April 13, 2026, affecting a substantial number of outstanding shares from its rights issue.

Call Payment Details and Timeline

The Rights Issue Committee, authorized by the Board of Directors at its November 12, 2025 meeting, approved the issuance of this final notice for call payment. The notice pertains to 49291505 partly paid equity shares that remain outstanding from the rights issue conducted pursuant to the Letter of Offer dated May 22, 2025.

Payment Process and Requirements

Shareholders must make payments exclusively through the designated online portal at https://rights.cameoindia.com/sepccallmoney1 . The company has established strict payment guidelines to ensure compliance:

• Cash payments will not be accepted under any circumstances
• No partial payments will be processed
• Third-party bank account payments are liable for rejection
• Only net banking and UPI payment methods are available
• The facility is restricted to Resident/NRO eligible shareholders only

Conversion and Corporate Action Details

Upon successful payment of the call money, the Board or its authorized committee may convert the ₹5.00 partly paid equity shares to ₹10.00 fully paid equity shares. This conversion process will occur in tranches at the Board's discretion, potentially during the payment period itself.

Regulatory Compliance and Notification

In continuation of its previous intimation dated April 13, 2026, the company has fulfilled its regulatory obligations by notifying both the National Stock Exchange of India Limited (NSE Symbol - SEPC) and BSE Limited (Scrip Code: 532945) about the dispatch of the forfeiture notice. The notification was formally submitted on April 15, 2026, by Company Secretary and Compliance Officer T. Sriraman.

Newspaper Advertisement Campaign

The company has published newspaper advertisements on February 14, 2026, across multiple publications to ensure maximum reach to shareholders. The advertisements appeared in Financial Express (English), Makkal Kural (Tamil), and Financial Express (Gujarati) newspapers, providing comprehensive coverage across different linguistic regions.

Forfeiture Warning and Consequences

The company has issued a stern warning regarding non-payment consequences. Shareholders who fail to pay the call money by the April 29, 2026 deadline will face forfeiture of their partly paid equity shares, including any amounts previously paid. Additionally, SEPC Limited reserves the right to deduct outstanding call amounts and interest from any future dividend payments to defaulting shareholders.

Support and Contact Information

Cameo Corporate Services Limited serves as the Registrar and Share Transfer Agent for this call payment process. Shareholders requiring assistance can contact the support team at multiple phone numbers including 044-40020700, 044-40020712, 044-40020785, and 044-40020764, or email rights@cameoindia.com . The company has also made detailed instructions and FAQ documents available on both the online payment portal and the company website at www.sepc.in .

SEPC Limited has announced the appointment of Dr. Ashutosh Karnatak as Additional Director in the capacity of Non-Executive, Independent Director, effective April 06, 2026. The appointment was approved by the Board of Directors through a circular resolution based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The key details of Dr. Karnatak's appointment are outlined below:

Professional Background

Dr. Ashutosh Karnatak brings distinguished credentials to SEPC Limited's board. He is an energy sector leader and governance expert with over 44 years of experience in India's core infrastructure industry. He previously served as Chairman & Managing Director of GAIL (India) Ltd., where he played a key role in developing the National Gas Grid and advancing India's gas-based economy.

His extensive board-level experience includes serving on the boards of leading energy companies and chairing key committees on risk, sustainability, and governance. Post-retirement, he served as Technical Member (Petroleum & Natural Gas) at the Appellate Tribunal for Electricity (APTEL), contributing to regulatory and dispute resolution frameworks.

Educational Qualifications

Dr. Karnatak's academic credentials demonstrate his expertise across multiple disciplines:

• Post-Doctorate (DBA) in Organizational Maturity in Project Management
• PhD on the Asian Gas Grid
• MTech (Energy Studies) from IIT Delhi
• MBA (Finance)
• B. Tech (Electrical Engineering)
• Diploma in Arbitration & Law
• IPMA Level A Certification as a Projects Director (Switzerland)
• Executive training at Harvard University (USA)

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Dr. Karnatak is not related to any of the existing Directors of the Company, ensuring independence in his role.

The appointment strengthens SEPC Limited's board composition with the addition of an experienced professional from the energy and infrastructure sector, bringing valuable expertise in project management, governance, and regulatory frameworks.