SEPC Limited: No Deviation in Rights Issue Proceeds Utilization for Q4FY26
SEPC Limited reported no deviations in the utilization of its ₹350 Crore rights issue proceeds for the quarter ended December 31, 2025. Funds were used for NCD payments, debt repayment, working capital, and general corporate purposes. The Audit Committee and Board of Directors reviewed the findings.
This is a standard compliance report and does not introduce new financial information or significant business developments that would impact the company's valuation or operations.
The announcement is a routine regulatory filing confirming no deviations in fund utilization, which is a neutral event for the company.
SEPC Limited has submitted a Statement of Deviation(s)/Variation(s) in the utilization of proceeds from its Rights issue of partly paid-up equity shares, along with the Monitoring Agency Report. The report, issued by Infomerics Valuation and Rating Limited for the quarter ended December 31, 2025, confirms that there have been no deviations or variations in the use of funds raised through the Rights issue.
The Rights issue, which raised ₹350 Crore, had its funds allocated to various purposes including payment of Non-Convertible Debentures, repayment of borrowings, increasing margin for Non-Fund Based Limits, augmenting working capital, general corporate purposes, and issue-related expenses. The total amount raised by December 31, 2025, was ₹323.44 Crore, with ₹172.21 Crore utilized during the quarter and a total of ₹151.23 Crore remaining unutilized and held in a Trust and Retention Account with Punjab National Bank.
The Audit Committee reviewed these statements and reports, and the Board of Directors took them on record at their respective meetings held on February 07, 2026. The company has confirmed that all utilization is in line with the disclosures made in the Offer Document, and there have been no material deviations requiring shareholder approval. The monitoring agency's report also indicated no delays in the implementation of the objects for which the funds were raised.
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SEPC Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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