SEPC Limited has announced the issuance of a First and Final Call Notice for its partly paid-up equity shares. This notice is part of the company's rights issue process, which began with a Letter of Offer dated May 22, 2025.

Key Details of the First and Final Call

Payment Methods

Shareholders can make the First and Final Call payment through the following methods:

1. Online ASBA: Through the website of Self-Certified Syndicate Banks (SCSBs)
2. Physical ASBA: By submitting a physical application to the Designated Branch of SCSBs
3. Online 3-in-1 trading accounts: Offered by some brokers

Consequences of Non-Payment

SEPC Limited has outlined potential consequences for shareholders who fail to pay the First and Final Call Money:

1. The company may deduct outstanding call amounts from future dividends payable to the shareholder.
2. Partly paid-up equity shares, including the amount already paid, may be forfeited.

Additional Information

• Trading of partly paid-up equity shares (ISIN: IN9964H01012) has been suspended on the Stock Exchanges since September 30, 2025, due to the First and Final Call.
• The company allows for partial payments, which will be converted proportionally to fully paid shares.
• Cash payments are not accepted, and all payments must be made from the shareholder's own bank account.

Importance for Investors

This corporate action is significant for SEPC Limited's shareholders as it represents the final step in fully paying up their equity shares acquired through the rights issue. Investors should note the payment deadline and the potential consequences of non-payment to maintain their shareholding in the company.

Shareholders are advised to carefully review the detailed instructions provided in the First and Final Call Notice and ensure timely payment to avoid any risk of forfeiture of their shares.

SEPC Limited , a prominent player in the Indian corporate landscape, has set in motion a significant corporate action through a postal ballot process. The company is seeking shareholder approval for the re-designation of Mr. Venkataramani Jaiganesh from his current position as Whole-Time Director to the role of Managing Director.

Key Details of the Postal Ballot

Process and Compliance

The Board of Directors of SEPC Limited approved this re-designation in their meeting held on September 29, 2025. In compliance with regulatory requirements, the company has initiated a postal ballot to seek shareholder approval for this significant change in leadership.

The postal ballot notice, dated September 29, 2025, was electronically dispatched on October 10, 2025, to shareholders who have registered their email addresses with the company or its associated entities. This move aligns with modern corporate governance practices, emphasizing digital communication for increased efficiency and broader reach.

Voting Mechanism and Scrutiny

SEPC Limited has engaged the services of Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process, ensuring a secure and accessible platform for shareholders to cast their votes. The company has appointed M/s. Alagar & Associates LLP, a firm of Company Secretaries based in Chennai, as the scrutinizer to oversee the postal ballot process and ensure its fairness and transparency.

Only shareholders holding shares as of the cut-off date (October 8, 2025) are eligible to participate in the voting process. The voting rights of shareholders will be proportional to their stake in the company's paid-up equity share capital as of the cut-off date.

Implications and Next Steps

This move to re-designate Mr. Venkataramani Jaiganesh as Managing Director signifies a potential shift in the company's leadership structure. The outcome of this postal ballot could have significant implications for SEPC Limited's future strategic direction and operational management.

Shareholders are encouraged to participate in this crucial decision-making process by casting their votes through the provided e-voting facility. The results of the postal ballot will be declared upon receipt of the Scrutinizer's Report, within the timeline prescribed by regulatory authorities. These results will be made available on the company's website and communicated to the relevant stock exchanges.

As SEPC Limited navigates this important corporate action, stakeholders will be keenly watching the outcome and its potential impact on the company's governance and future prospects.