SEPC Limited: Reminder-cum-Forfeiture Notice Issued for Unpaid Rights Issue Call Money
SEPC Limited issued a reminder-cum-forfeiture notice for ₹5 per share on 49,291,505 partly paid-up equity shares. The payment period is April 15-29, 2026. Failure to pay may result in forfeiture. Payment is via an online portal. The ISIN for these shares was suspended on September 30, 2025.
The forfeiture of shares can impact the capital structure and shareholder base of the company, and it indicates financial distress or lack of commitment from a segment of shareholders.
The announcement details the potential forfeiture of shares due to non-payment of call money, which is a negative development for the affected shareholders.
SEPC Limited has issued a First and Final Reminder-cum-Forfeiture Notice to shareholders who have not paid the First and Final Call amount of ₹5 per partly paid-up equity share. This notice pertains to the rights issue shares allotted pursuant to a Letter of Offer dated May 22, 2025. The company had previously intimated about the First and Final Call on October 14, 2025, and November 12, 2025. The Rights Issue Committee of the Board approved the issuance of this notice on November 12, 2025.
The concerned shareholders have been dispatched the notice on April 13, 2026. The period for payment of the First and Final Call money is from April 15, 2026, to April 29, 2026, inclusive. Failure to pay the call money by the due date will render the partly paid-up equity shares, including amounts already paid, liable for forfeiture.
Payment can be made through an online portal (https://rights.cameoindia.com/sepccallmoney1) via net banking or UPI. Cash payments and part payments are not accepted. The company may, at its discretion, convert the paid-up partly paid-up equity shares to fully paid-up equity shares. The ISIN for these partly paid-up equity shares (IN9964H01012) was suspended by the stock exchanges effective September 30, 2025. The conversion to fully paid-up equity shares (ISIN: INE964H01014) is estimated to be completed within two to three weeks after the payment and Board approval.
What to do with a filing like this
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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SEPC Limited. Read the original for the full detail.