Engineering and infrastructure company SEPC Limited has informed stock exchanges that Telecommunications Consultants India Limited (TCIL) has cancelled a previously issued Letter of Intent (LOI).
In a regulatory filing dated March 03, 2026, SEPC stated that it received communication from Telecommunications Consultants India Limited confirming the cancellation of the LOI that was originally awarded on February 07, 2026.
The company had earlier intimated the exchanges about receiving the Letter of Intent from TCIL. However, as per the latest communication, the public sector enterprise has now formally withdrawn the proposed engagement.
SEPC said it is taking appropriate steps in the matter and will inform stock exchanges of any material developments in accordance with the disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The filing did not disclose specific reasons for the cancellation of the LOI. Further updates are expected if there are any significant developments related to the matter.