SEPC Limited Response to NSE Query on Financial Results Disclosure

Summary of Company's Response

SEPC Limited provided a detailed clarification to the National Stock Exchange of India Limited regarding observations about the timing of disclosure of financial results and discrepancies in the consolidated XBRL filing.

Date and Nature of Query

This communication was dated July 11, 2026, in response to the NSE's query regarding:

1. The timing of disclosure of financial results

2. Discrepancies noted in the consolidated XBRL filing

Company's Clarification on Disclosure Timing

  • The Board of Directors meeting convened on May 25, 2026 concluded at 3:30 PM (after trading hours)
  • The company applied the 3-hour disclosure timeline permitted under SEBI framework
  • Financial results were submitted at 4:43 PM (within 73 minutes of meeting closure)
  • The submission was made after completing necessary internal processes including obtaining signatures, converting documents to searchable PDF, and resolving minor connectivity issues
  • The company committed to being more conscious about Board Meeting end times in future

Company's Clarification on XBRL Discrepancy

  • The mismatch in EPS figures in the initial XBRL filing was an inadvertent clerical error during data entry
  • The EPS figure disclosed in the PDF version of the audited financial results was correct and reflected the reviewed and approved financial statements for the year ended March 31, 2026
  • The company has resubmitted the XBRL filing with the corrected EPS figure, which now matches the PDF disclosure

Regulatory Compliance Reference

The company referenced compliance with multiple regulatory requirements:

  • Regulation 30(6) read with Part A of Schedule III of SEBI (LODR) Regulations, 2015
  • SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024
  • Stock Exchange filing framework for integrated XBRL filings

The company provided a comprehensive compliance matrix detailing how each requirement was met:

| Regulation / Circular | Requirement | Company's Action | Compliance Status |

| Regulation 30(6) of SEBI (LODR) Regulations, 2015 | Disclosure of events/information within 30 minutes of Board Meeting closure | Meeting concluded at 3:30 PM; Company applied the 3-hour timeline permitted under SEBI framework | Complied – disclosure made at 4:43 PM (within 73 minutes) |

| Part A of Schedule III of SEBI (LODR) Regulations, 2015 | Financial results are material events requiring disclosure | Financial results submitted to Stock Exchanges | Complied |

| SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated Dec 31, 2024 | Disclosure within 30 minutes or, where applicable, within 3 hours of closure | Company, in line with the circular, considered the 3-hour timeline since meeting ended at 3:30 PM (after trading hours) | Complied – submission at 4:43 PM well within 3 hours |

| Accuracy of EPS figures | EPS figures must match audited financial statements | EPS in PDF version correct; XBRL mismatch corrected through resubmission | Complied – authoritative PDF and resubmitted XBRL now aligned |

| Stock Exchange filing framework | Integrated XBRL filings must reflect accurate data | XBRL resubmitted with corrected EPS to match PDF disclosure | Complied – corrective action completed |

Commitment to Compliance

The company reiterated its commitment to timely and accurate disclosures in strict adherence to SEBI (LODR) Regulations, 2015, and stated it has already strengthened internal review processes to prevent recurrence of such clerical errors in future filings.

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, XBRL Filing, SEBI LODR Regulations