Monitoring Agency Report

August 14, 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 400051 SYMBOL: SEPC Scrip Code: 532945 Dear Sir/Madam, Sub: Monitoring Agency Report for the Quarter ended June 30, 2026 pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Pursuant to Regulation 32 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing the Monitoring Agency Report of the Company for the Quarter ended June 30, 2026 in respect of the utilization of proceeds from the Rights issue of Partly paid-up equity shares. We request you to take the same on record. Thanking you, Yours faithfully, For SEPC Limited T Sriraman Company Secretary & Compliance Officer Encl: a.a Monitoring Agency Report for SEPC Limited for the quarter ended June 30, 2026 Monitoring Agency Report August 13th, 2026 SEPC Limited 3rd Floor, Bascon Futura SV, No. 10/1 Venkatanarayana Road, T. Nagar, Chennai, Tamil Nadu – 600017 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh issue of SEPC Limited (“The Company”). We write in our capacity of Monitoring Agency for the Right issue of equity shares for the amount aggregating to Rs. 350.00 crore of the Company and refer to our duties cast under 82 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 28th March 2025. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Rekha Chokkalingam (Associate Director - Ratings) rekha.chokkalingam@infomerics.com Report of the Monitoring Agency Name of the Issuer: SEPC Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Rekha Chokkalingam Designation of Authorized person/Signing Authority: Associate Director - Ratings Seal of the Monitoring Agency: Date: August 13, 2026 1) Issuer Details: Name of the issuer: SEPC Limited Names of the promoters of the issuer: Mark A B Capital Investment LLC Industry/sector to which it belongs: Engaged in Engineering Procurement and Construction (EPC Contractor) business. 2) Issue Details: Issue Period: June 09th 2025 – June 23rd 2025 Type of issue (public/rights): Rights Issue Type of specified securities: Equity shares Grading: Not Applicable Issue size (Rs in Crores): Rs. 350.00 crores (Note No. 1) Note 1 Issue of up to 35,00,00,000 partly paid-up Equity Shares* of face value of Rs. 10 each of the Company for cash at a price of Rs. 10/- per Rights Equity Share (including a premium of Nil per Rights Equity Share) aggregating up to Rs. 350.00 crore on a rights basis to the Eligible Equity Shareholders of the Company in the ratio of Eleven (11) Rights Equity Shares for every Fifty (50) fully paid-up Equity Shares held by the Eligible Equity Shareholders of the Company on the Record Date, i.e., Friday, May 23, 2025. Particulars Remarks Amount (in Rs. crore) Approved by Board Total shares to be issued 35,00,00,000 350.00* On Application Rs. 5/- per share 175.00 On First and Final Call Rs. 5/- per share 175.00 Details of expenses to be incurred - 5.00 Net Issue Proceeds 345.00 Current Status Total shares issued 35,00,00,000 350.00 Gross Proceeds received Rs. 10/- per share 337.43 Details of expenses incurred (Amount received towards issue expenses) - 4.77** Net Issue Proceeds 332.66 *Assuming full subscription in the Issue, subject to the finalization of the Basis of Allotment and receipt of all Call Monies with respect to Rights Issue. ** On pro-rata basis. Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / certifications Comments of Comments of considered by Monitoring Agency for Monitoring Board of preparation of report Agency Directors Whether all the utilization is as per disclosure in Yes Postal Ballot Notice dated February 02, The variation in Offer 2026;BSE/NSE intimation dated March objects has been Document? 09, 2026; PNB NOC dated March 27, duly approved by 2026; CA Certificate dated July 21, shareholders with 2026, Management Declaration, YES 99.86% assent Bank NOC dated June 01, 2026 through Postal Ballot on March 07, 2026. All utilisations during the quarter are in accordance with the varied objects as certified by B N C A & CO, Chartered Accountants vide CA Certificate dated July 21, 2026. Whether Shareholder approval is obtained in case Yes Postal Ballot Notice dated February 02, Shareholder of material deviations from expenditures 2026;BSE/NSE intimation dated March approval for disclosed in Offer 09, 2026; PNB NOC dated March 27, variation in Document? 2026; CA Certificate dated July 21, objects has been 2026, Management Declaration, YES duly obtained Bank NOC dated June 01, 2026 through Postal Ballot as required under SEBI ICDR Regulations. The Special Resolution was passed on March 07, 2026 with 99.86% votes in favour Whether means of finance for disclosed objects of There is no change in the Not applicable No the Issue has changed? means of finance for disclosed objects Any major deviation observed over the earlier No Postal Ballot Notice dated February 02, No fresh material monitoring agency reports? 2026;BSE/NSE intimation dated March deviation during 09, 20 [Showing first 8,000 characters — download PDF for full document]