NSEUpdates13 Jul 2026 · 13 Jul 2026, 02:39 pm

Updates

SEPC Limited · SEPC

✦ AI SummaryOrder Cancel

SEPC Limited has informed the exchange about the cancellation of an EPC subcontract received by its unincorporated joint operation, SEPC-Furlong JV, due to a termination notice from the contractor, M/s. Shalimar Corp Limited. The matter has been referred to arbitration.

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Growth Catalyst2/10
Governance Concern1/10
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Liquidity Impact6/10
Market Sentiment5/10

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Full Announcement

We hereby inform the Exchange regarding the cancellation of an EPC Sub-contract received by its unincorporated Joint Operation. Detailed letter is enclosed.

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SHRIRAMEPC_13072026143433_SEPCcancellationorder.pdf

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July 11, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, 14th Floor, PJ Towers, Bandra Kurla Complex, Dalal Street, Mumbai 400051 Mumbai 400001 SYMBOL: SEPC Scrip Code: 532945 Dear Sir/Madam, Sub: General Update – Termination Notice of EPC Subcontract received by SEPC-Furlong JV– Reg. Ref : SCL/SZP/SEPC-Furlong/2026-26/01 dated 02.07.2026 -Copy received by email today. Further to our intimation dated May 14, 2026, regarding the signing of an EPC Sub-Contract by our unincorporated joint operation, SEPC-Furlong JV, with M/s. Shalimar Corp Limited (SCL), for “Widening / Upgradation to four-lane configuration of Shahjahanpur – Bisalpur section in Uttar Pradesh”, and receipt of the LOA for a lump-sum turnkey contract price of Rs. 521.46 crore (Rupees Five Hundred Twenty-One Crore and Forty-Six Lakh only), we wish to inform you that the Company has today received a copy of the Termination Notice by email, (pending receipt of the original) informing cancellation of the said Sub-Contract and LOA. The matter has been referred to arbitration, and the Company will keep the Stock Exchanges informed of any material developments in accordance with the SEBI (LODR) Regulations, 2015. Kindly take the above on record. Thanking you, Yours Faithfully, For SEPC Limited T Sriraman Company Secretary & Compliance Officer