SEPC Limited Rights Issue (SEPC Rights Issue June 2024) Detail

Rights Issue Timetable

Established in 2000, Shriram EPC Limited (SEPC) is an end-to-end engineering, procurement, and construction (EPC) solutions provider offering multidisciplinary services and project management solutions.

SEPC Limited stands for "Solution Engineering Procurement Construction" and focuses on providing turnkey solutions in two main business areas:
1. Infrastructure, including water and wastewater utilities, and road construction.
2. Process and metallurgy, including process plants, steel mills, mine development, and power plants.

The company is an ISO 9001-2015 QMS DAkkS, ISO 9001-2015 QMS NABCB, ISO 45001-2018 DAkkS, and ISO 14001- 2015 EMS DAkkS certified engineering, procurement, and construction company.

The company's core competencies lie in the following areas:

• SEPC's expertise in providing world-class design and engineering solutions has helped the company achieve a prominent position in the national and international markets.
• The company is well established in sectors with high growth potential.
• The company's strong management team with its extensive experience has played a crucial role in guiding SEPC through the most challenging times in the EPC industry.

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

1. Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company;
2. To augment the existing and incremental working capital requirement of the Company; and
3. General Corporate Purposes.