SEPC Limited Receives Funds, Board Approves Conversion of Partly Paid-Up Shares
SEPC Limited announced on May 9, 2026, that the company received the final call money against a portion of its outstanding partly paid-up equity shares. Following this receipt, the Rights Issue Committee of the Board of Directors approved the conversion of these paid shares into fully paid-up equity shares.The update relates to the initial First and Final Reminder Cum Forfeiture Notice issued for the outstanding partly paid-up equity shares, which stemmed from a Letter of Offer dated May 22, 2025.
The company confirmed that out of the total 49,291,505 partly paid-up equity shares covered by the notice, SEPC Limited received payment of call money for 24,236,652 shares.
Following the successful receipt of the final call money for these shares, the Rights Issue Committee of the Board of Directors, during its meeting held on May 9, 2026, approved the conversion of the 24,236,652 partly paid-up equity shares into fully paid-up equity shares of the company.
The key figures regarding the share update are as follows:
| Description | Shares Involved | Status |
|---|---|---|
| Total Shares Covered by Notice | 49,291,505 | Partly Paid-Up |
| Shares for Which Payment Received | 24,236,652 | Call Money Received |
| Approved Conversion | 24,236,652 | To Fully Paid-Up Shares |
SEPC Stock Price Movement
On Friday, SEPC Limited shares slipped by 0.86% to close at ₹8.05. The stock completed the day's trading session on a volume of 6.60 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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