SEPC in focus after Madras High Court orders independent PwC auditSEPC in focus after Madras High Court orders independent PwC audit

Introduction

Leading engineering and infrastructure company acknowledged a court order attaching ₹154.63 crore in receivables. PWC will audit assets and liabilities, with financial impact remaining neutral under indemnity agreement.

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Share price movement of SEPC

On March 2, 2026, SEPC Ltd opened at ₹6.74, down 10.01% from its previous close of ₹7.49. The stock reached a high of ₹7.30 (-2.53%) and a low of ₹6.74 (-10.01%). By 12:08 PM, it traded at ₹7.06, a 5.74% decrease, with a market cap of ₹1,124.77 crore.

SEPC Reports Neutral Financial Impact

SEPC Limited acknowledged an interim order from the Hon’ble High Court of Madras dated February 19, 2026, related to ongoing litigation with GPE (India) Ltd and other parties.

The Court ordered interim attachment of trade receivables worth ₹154.63 crore from total reported receivables of ₹449.62 crore. This measure is intended to ensure a time-bound resolution of the dispute.

PriceWaterhouseCoopers (PWC) has been appointed by the Court to conduct a focused audit of SEPC’s financial records. The audit will determine amounts owed to banks and financial institutions and available assets.

The PWC audit report is expected to be submitted by March 23, 2026. SEPC is fully cooperating with the audit team to ensure timely completion and eventual release of attached assets.

SEPC’s financial exposure is mitigated by a 2015 indemnity agreement with co-respondent Twarit Consultancy Services Pvt Ltd, which covers all liabilities and costs arising from the litigation, including the current claim.

The dispute traces back to a 2010 agreement and a subsequent 2015 agreement, leading to default claims in 2017. SEPC remains a going concern and continues full compliance with SEBI listing guidelines.

Stock performance of SEPC for period of 1 week, 6 months, and 1 year

Over the past week, the stock declined 10.4%. In the last six months, it fell 37.9%, while over one year, it recorded a 40.5% decrease.

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Shareholding pattern of SEPC

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	26.50%	27.20%	27.40%
FII	0.60%	0.60%	0.60%
DII	14.60%	14.50%	14.50%
Public	58.30%	57.70%	57.50%

About SEPC

SEPC Ltd (NSE: SEPC), incorporated in 2000, specializes in EPC contracts, offering design, engineering, procurement, construction, and project management services in water, metallurgy, and infrastructure sectors.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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