SEPC Ltd

This is in furtherance to the previous intimation letters submitted by the Company in respect of its proposed issue of Equity Shares on a rights basis (Rights Issue). We hereby inform you that in accordance with (i) the Letter of Offer dated March 23 2023 and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE Limited (the Designated Stock Exchange for the Rights issue) the Rights Issue Committee of the Board of Directors of the Company has at in its meeting held today i.e. May 02 2023 approved the allotment of 49900000 fully paid-up Equity Shares of face value of ? 10/- each on a rights basis at an issue price of ? 10 per Equity Share (including premium of ? NIL per Equity Share) to the eligible applicants.The meeting of the Rights Issue Committee commenced at 10.30 A.M and completed at 11.00 A.MKindly take the same on record and acknowledge receipt.