SEPC Limited announced that Telecommunications Consultants India Limited (TCIL) has cancelled the Letter of Intent (LOI) previously issued to the company. SEPC confirmed it is evaluating next steps and will update exchanges on material developments in line with SEBI (LODR) regulations.
SEPC Limited has informed the National Stock Exchange of India (NSE) and BSE Limited that TCIL has withdrawn the Letter of Intent dated February 07, 2026. The cancellation was communicated on March 03, 2026, and SEPC is now assessing the implications while assuring compliance with disclosure norms.
Key Highlights
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Cancellation of LOI issued by TCIL to SEPC
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Original LOI was received on February 07, 2026
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Cancellation communicated on March 03, 2026 via TCIL’s official letter
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SEPC states it is taking appropriate steps in response
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Company will continue to inform stock exchanges of material updates under SEBI (LODR) Regulations, 2015
This development marks a significant change in SEPC’s recent business trajectory, as the LOI was expected to open new opportunities. Investors and stakeholders will be closely watching SEPC’s next moves to mitigate the impact and explore alternative prospects.
Source: SEPC Limited filing to NSE and BSE