SEPC Limited , a company listed on the National Stock Exchange of India and BSE, has announced a significant change in its top management. N K Suryanarayanan, who has been serving as the Managing Director and CEO, will be transitioning to a new role within the company.

Management Transition

According to a regulatory filing by SEPC Limited, N K Suryanarayanan's tenure as Managing Director and CEO will conclude on September 23, 2025. However, this change does not mark the end of his association with the company. Starting September 24, 2025, Suryanarayanan will continue to serve SEPC Limited in the capacity of a Non-Executive Director.

Regulatory Compliance

The company has confirmed that Suryanarayanan is not debarred from holding directorship positions by the Securities and Exchange Board of India (SEBI) or any other regulatory authority. This statement ensures compliance with corporate governance norms and transparency in management changes.

Seamless Transition

SEPC Limited emphasized that this transition represents the completion of Suryanarayanan's executive tenure rather than a resignation or removal. This planned succession suggests a smooth handover of executive responsibilities while retaining Suryanarayanan's expertise on the board.

Corporate Governance

The company's prompt disclosure of this management change aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency in reporting significant corporate events demonstrates SEPC Limited's commitment to good corporate governance practices.

Looking Ahead

While the company has not announced a successor for the Managing Director and CEO position in this communication, the retention of Suryanarayanan as a Non-Executive Director indicates a strategy to maintain continuity and leverage his experience in a different capacity.

As SEPC Limited navigates this leadership transition, stakeholders will likely be keen to observe any potential impacts on the company's strategic direction and operational performance in the coming months.

SEPC Limited , a prominent EPC company, has clinched a significant irrigation project contract in Bihar, marking a major milestone in its water infrastructure portfolio. The company, known for its operations across water, roads, industrial infrastructure, and mining sectors, is set to play a crucial role in enhancing agricultural water availability in the region.

Project Details

The contract, valued at ₹442.80 crore, was awarded by the Chief Engineer, Irrigation, Generation, Water Resources Department in Dehri, Bihar. The project, titled 'Jamaniyan to Kakrait Gangajal Lift Irrigation Scheme', is located in the Kaimur district and falls under the Pragati Yatra initiative. SEPC Limited has been given a 24-month timeline to execute this ambitious project.

Scope and Impact

The water supply and irrigation scheme aims to significantly improve agricultural water availability in the region. This project is expected to provide substantial support to farmers, potentially boosting agricultural productivity and contributing to rural development in Bihar.

Management's Perspective

Venkataramani Jaiganesh, Whole Time Director of SEPC Limited, emphasized the project's significance. He stated that this contract not only contributes to rural development but also strengthens SEPC's position in the water infrastructure sector.

Company Performance

While this new contract represents a promising development for SEPC Limited, it's worth noting the company's recent financial performance:

This new ₹443 crore project represents a substantial addition to the company's order book, potentially setting the stage for improved financial performance in the future.

Conclusion

The securing of this major irrigation project in Bihar underscores SEPC Limited's growing presence in the water infrastructure sector. As the company embarks on this significant venture, stakeholders will be keenly watching its execution and the potential impact on both the region's agricultural landscape and SEPC's future financial results.