SEPC Limited has received a banning order from Telecommunications Consultants India Limited (TCIL) related to the Smart Prepaid Metering Project in Punjab. This communication was received via TCIL's letter reference TCIL/DT/DCCS/PSPCL/2026/8 dated August 05, 2026.
The company strongly contests the basis of the order and expressly disputes all contentions and allegations made by TCIL. SEPC has immediately challenged the banning order before appropriate authorities to safeguard business interests and protect shareholder value.
This development follows previous stock exchange intimations dated February 07, 2026 and March 03, 2026 concerning the Letter of Intent issued by TCIL for the Smart Prepaid Metering Project in Punjab and its subsequent cancellation.
SEPC is pursuing all necessary legal remedies to seek an immediate stay and subsequent quashing of this order. The company will keep stock exchanges informed of any material developments in accordance with SEBI (LODR) Regulations, 2015.
The disclosure was signed by T Sriraman, Company Secretary & Compliance Officer, on August 07, 2026 at 21:11:24 IST.
Financial Impact
Financial impact not quantified in the disclosure.