Company Disclosure Update
SEPC Limited (Scrip Code: 532945) has received a significant development regarding its previously announced EPC contract.
Contract Details and Termination
The company's unincorporated joint operation, SEPC-Furlong JV, had signed an EPC Sub-Contract with M/s. Shalimar Corp Limited (SCL) for "Widening / Upgradation to four-lane configuration of Shahjahanpur – Bisalpur section in Uttar Pradesh." The Letter of Award (LOA) was for a lump-sum turnkey contract price of ₹521.46 crore (Rupees Five Hundred Twenty-One Crore and Forty-Six Lakh only).
On July 11, 2026, the company received via email (pending receipt of the original) a Termination Notice from Shalimar Corp Limited informing cancellation of both the Sub-Contract and the LOA. The termination notice reference is SCL/SZP/SEPC-Furlong/2026-26/01 dated July 2, 2026.
Current Status and Next Steps
The matter has been referred to arbitration. The company has committed to keeping the Stock Exchanges informed of any material developments in accordance with SEBI (LODR) Regulations, 2015.
Historical Context
This update follows the company's previous intimation dated May 14, 2026, regarding the signing of this EPC Sub-Contract.