SEPC LIMITED — Capital/Financing Update 2020

Jul 11, 2020

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The National Stock Exchange of India Ltd., Exchange Plaza, 5[th] Floor Bandra-Kurla Complex MUMBAI-400 051

NSE Symbol SHRIRAMEPC

BSE Limited 14[th] Floor, P.J. Towers Dalal Street MUMBAI-400 001 Scrip Code : 532945

10[TH] July 2020

Dear Sir,

SUB : Outcome of the Board Meeting held today (10-07-2020) for consideration and approval of Fund Raising through Preferential allottment of Equity Shares to a Prospective Investor – Reg.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the following are the outcome of the Board Meeting: -

We wish to inform you that a meeting of the Board of the Company was held today (10/7/2020) to discuss and consider a term sheet from Markab Capital, a strategic investor for the issuance and allotment of equity shares by way of preferential issue for total value of upto Rs.250 crores subject to satisfactory completion of due diligence and definitive agreements.

The board has approved signing the term sheet, subject to due diligence, statutory, regulatory and other approvals and has authorised the management to proceed with the necessary discussions and actions to proceed with this transaction.

Markab capital is a Middle East focused Multi Family Office and Merchant bank. Markab has around US$ 1 Billion in assets under management and has significant experience in investments in EPC and construction companies as well as telecom and real estate.

The meeting commenced at 04.00 P.M. and concluded at 10.20 P.M.

We request you to kindly take the same on record and confirm.

Thanking you,

Yours faithfully For Shriram EPC Limited

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K. SURESH Vice President & Company Secretary.

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