SEPC Limited has made a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure concerns the rescission of seven ongoing water supply project contracts that were previously awarded to the company. These projects were Rural Water Supply projects from the Department of Drinking Water and Sanitation, Government of Jharkhand, which the company had previously intimated to the exchanges through multiple announcements dated February 18, 2016, January 23, 2018, October 31, 2018, February 7, 2019, and December 4, 2023.
On October 24, 2026, the company received hard copies of formal intimations from the respective Executive Engineers of the Drinking Water and Sanitation Divisions rescinding the agreements for these seven specific ongoing projects.
The company states it is taking appropriate steps including contacting the respective departments, evaluating appropriate remedies, and invoking dispute resolution mechanisms and legal arbitration to protect its financial and legal interests. SEPC Limited commits to keeping the 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 October 25, 2026, at 13:05:57.
Financial Impact
Financial impact not quantified in the disclosure. The company mentions protecting financial interests but provides no specific monetary amounts regarding project values, potential losses, or provisions.