In a recent Board Meeting held on July 6, 2026, SEPC Limited announced several major strategic initiatives requiring shareholder approval. The company plans to increase its authorized share capital from Rs. 2,250 Crores to Rs. 6,000 Crores and expand its borrowing and investment limits to support business growth. A centerpiece of this announcement is the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a preferential issue of 153 Crore equity shares valued at Rs. 1,530 Crores, executed via a share swap arrangement rather than cash.

The acquisition of Avenir International Engineers and Consultants LLC represents a deliberate push by SEPC into the Oil & Gas sector. Established in 2011, Avenir provides engineering and design services for the Oil & Gas and civil sectors in the UAE and holds essential pre-qualifications with ADNOC, which is expected to facilitate future contract wins for SEPC across the Middle East. The transaction is slated for completion by the end of December 2026 and is structured as a non-cash deal involving three non-promoter entities.

SEPC Limited is an engineering company focused on providing turnkey solutions in water, process, and infrastructure sectors. Throughout 2025, the company has focused on strengthening its order book and operational capabilities. The integration of Avenir is a key strategic update, aimed at diversifying SEPC’s service portfolio and expanding its geographical footprint into the Middle Eastern energy market.

Regarding financial performance, the notice provided does not contain quarterly financial results, and therefore, no comparative revenue and profit analysis is applicable for this specific announcement.