Sub: Intimation under Regulation 30 - Allotment of equity shares on preferential basis pursuant to the resolution plan - Reg.
Pursuant to Circulars issued by the Stock Exchanges pertaining to 'Use of digital signature certificate for announcements submitted by listed companies', we re-submitherewith the announcement filed yesterday i.e. 07.09.2022 authenticated in accordance with the circular.
We would like to inform that the Allotment Committee of the Board of Directors of the Company met today, considered and approved the allotment of 1,60,00,000 (One Crore Sixty Lakh) equity shares @ Rs. 10/- each on preferential basis (totalling to Rupees Sixteen Crore only) to M/s. Mark AB Capital Investment LLC., as approved by the Shareholders of the Company and the Resolution Plan approved by the lenders of the Company.
The details of approval and allotment are as follows:
Total Investment and Allotment approved
Rs. 350,00,00,000 (Rupees Three hundred and
Fifty Crore only)
01st Tranche Allotted vide Board Meeting dated
Rs. 220,00,00,000 (Rupees Two Hundred and
24-06-2022
Twenty Crore only)
02nd Tranche Allotted vide Allotment
Rs. 33,00,00,000 (Rupees Thirty Three Crore
Committee dated 30-06-2022
only)
03rd Tranche Allotted vide Allotment
Rs. 16,25,00,000 (Rupees Sixteen Crore Twenty-
Committee dated 11-07-2022
five lakh only)
04th Tranche Allotted vide Allotment
Rs. 15,20,00,000 (Rupees Fifteen Crore and
Committee dated 27-07-2022
Twenty lakh only)
05th Tranche Allotted vide Allotment
Rs. 11,60,00,000 (Rupees Eleven Crore Sixth
Committee dated 22-08-2022
Lakhs only)
06th Tranche Allotted vide Allotment
Rs. 16,00,00,000 (Rupees sixteen Crore only)
Committee dated 07-09-2022
Balance to be allotted
Rs. 37,95,00,000 (Rupees Thirty Seven Crore
Ninety-five lakh only)
…2..
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We would also like to inform that the Company has made payment towards the early partial redemption of 78,830 Unlisted Reset Rate Secured Unrated Redeemable Non-Convertible Debentures Series - 1 Tranche - 1 having face value of Rs. 100/- each on 30th August, 2022.
The same may be taken on record.
Thanking you,
Yours Faithfully,
For SEPC Limited
T.
Digitally signed
by T. Sriraman
Sriraman Date: 2022.09.08 10:38:00 +05'30'
Sriraman Company Secretary
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SEPC Ltd. published this content on 08 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2022 06:19:05 UTC.
SEPC Limited is an India-based service provider of integrated design, engineering, procurement, construction and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing. The Company's businesses include process and metallurgy, water infrastructure, power, mining and mineral processing, overseas projects and transportation. Its Process and Metallurgy business provides turnkey contracting solutions, which include design, engineering and construction for ferrous and non-ferrous industries, cement plants, coke oven and by-product plants, process plants, material handling, and transportation. Its Water Infrastructure business provides turnkey solutions, which include design and implementation of environmental projects, such as water and sewage treatment plants, intake wells and pumphouses, underground drainage system, water distribution, and pipe rehabilitation.
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