SEPC Limited has filed a regulatory disclosure under SEBI Listing Regulations Regulation 30 regarding obtaining a stay order from the Hon'ble High Court of Jharkhand on the rescission of seven water supply contracts.
The disclosure serves as a continuation of the company's previous intimation dated October 25, 2026, titled "General Update on Combined Intimation regarding Rescission of Seven (7) Water Supply Contracts in Jharkhand".
The company received order copies on October 29, 2026, from the Hon'ble High Court of Jharkhand dated October 27, 2026, granting an interim stay on the operation and effect of the rescinding notices issued by the Executive Engineers of the Drinking Water and Sanitation Divisions, Government of Jharkhand.
The interim stay remains effective until the next hearing, which is scheduled for November 30, 2026. This ad-interim protection secures the company's contractual rights while it continues to pursue further legal remedies and appropriate dispute resolution mechanisms.
The contracts involve seven ongoing Rural Water Supply projects in Jharkhand. The original rescission notices were received from government authorities, leading to the legal proceedings.
Financial impact not quantified in the disclosure. The company has requested the stock exchanges to take this information on record.
The disclosure was signed by T Sriraman, Company Secretary & Compliance Officer of SEPC Limited, on October 29, 2026, at 18:09:36 IST.