Legal Resolution Summary

SEPC Limited has received a favorable Common Order dated September 30, 2026 from the Hon'ble High Court of Madras that brings full and final closure to execution proceedings filed against the Company and other co-parties by Award Holders.

Settlement Terms

  • Total settlement amount: ₹149.5 crore
  • Settlement composition: ₹147 crore via Demand Draft submitted to Court + ₹2.5 crore already lying to Court's credit
  • Payment arrangement: Entire settlement amount paid by another party to the proceedings under a 2015 indemnity agreement
  • Direct monetary outflow for SEPC: Nil

Financial Impact

  • Receivables released: ₹154 crore (all interim attachments raised with immediate effect)
  • Banking operations: All restrictions completely lifted with immediate effect
  • Financial flexibility: Company gains immediate greater financial flexibility

Legal Proceedings Status

  • All listed and un-numbered Execution Petitions have been terminated
  • All connected pending applications have been closed
  • All long-standing disputes and related execution liabilities under these petitions stand fully concluded and settled

Management Commentary

Mr. Venkataramani Jaiganesh, Managing Director, stated: "We welcome the order of the Hon'ble High Court of Madras, which brings these long-standing proceedings to a full and final closure. The matter has been settled with no direct cash outflow for SEPC, and the release of ₹154 crore of receivables, along with the lifting of all banking restrictions, gives the Company greater financial flexibility with immediate effect. With this matter now behind us, our focus remains firmly on project execution and on delivering sustainable growth for all our stakeholders."

Company Background Context

SEPC Limited (formerly Shriram EPC Limited) is an EPC company with expertise in industrial infrastructure, process plants, water and wastewater management, roads, and mining sectors. The company serves Central and State Government agencies.

FY26 Financial Performance (Provided as Context)

  • Total Income: ₹1,085.8 Cr
  • EBITDA: ₹108.9 Cr
  • Net Profit: ₹53.5 Cr
  • Previous Year Total Income (FY25): ₹646.0 Cr
  • Net Profit more than doubled over the previous year