SEPC Ltd's promoter group, Mark AB Welfare Trust and Mark AB Capital Investment LLC, has completed an off-market share transfer. This internal restructuring adjusts shareholding percentages without impacting overall control.

SEPC Ltd Promoter Group Reorganizes Shareholding

Mark AB Welfare Trust has acquired 34 crore shares from Mark AB Capital Investment LLC in SEPC Ltd through an off-market transaction.

Reader Takeaway: Promoter group internal shuffle; shareholding percentages adjusted due to CCD conversions and inter-se transfer.

What just happened

Mark AB Welfare Trust (Acquirer) has completed an off-market inter-se transfer of shares with Mark AB Capital Investment LLC (Seller). Both entities are part of the same promoter group of SEPC Ltd. This transaction involved the transfer of 21 crore shares on October 31, 2025, and another 13 crore shares on December 9, 2025. The acquisition is exempt from requiring an open offer under SEBI regulations.

Why this matters

This transaction leads to a significant shift in shareholding percentages within the promoter group. Mark AB Welfare Trust's stake increased from 11.36% to 27.49%, while Mark AB Capital Investment LLC's stake decreased from 22.01% to 0.53%. This is an internal restructuring and does not signal a change in the ultimate control of SEPC Ltd or involve new external investment.

The backstory

The shareholding was impacted by two factors: the off-market transfer and the conversion of Compulsorily Convertible Debentures (CCDs) into equity shares. The company's paid-up equity share capital increased from approximately 159 crore shares as of October 31, 2025, to over 189 crore shares as of December 9, 2025, due to these conversions. This dilution from CCDs affected the post-transaction percentage calculations.

What changes now

Mark AB Welfare Trust has consolidated a larger portion of the promoter holding. Mark AB Capital Investment LLC now holds a minimal stake. The company continues to be under the common management and control of the same promoter group.

Regulatory Compliance

The acquirer confirmed compliance with SEBI (SAST) Regulations, 2011, specifically regulation 10(1)(a)(iii) for exemption from open offer. A fee of ₹0.015 crore has been paid to SEBI.