SEPC Announces Major Global Expansion: Plans Acquisition of UAE-Based Avenir International

SEPC Announces Major Global Expansion: Plans Acquisition of UAE-Based Avenir International​

SEPC Limited, a leading EPC company specializing in industrial infrastructure and process plants, has approved several strategic proposals aimed at strengthening its capital base and expanding its international footprint. The key among these is the proposed acquisition of a significant stake in the UAE-based entity, Avenir International Engineers and Consultants LLC.

The Company’s Board of Directors approved the proposal to acquire up to 90% equity stake in Avenir through a share swap transaction. This acquisition will be completed via a preferential allotment of 153 crore equity shares of SEPC at an issue price of ₹ 10 per share, aggregating to ₹ 1,530 crore to the shareholders of Avenir. The transaction is structured without any cash outflow and is expected to conclude by December 2026.

Avenir International Engineers and Consultants LLC, established in 2011, operates within the oil and gas and other civil infrastructure sectors in Abu Dhabi. The company holds qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025. This strategic move is intended to significantly enhance SEPC's presence across the Middle East and strengthen its capabilities in the oil and gas sector.

Financial Structure and Growth Capacity Enhancements​

In addition to the international acquisition, the Board has approved several key financial enhancements for SEPC Limited. These include a substantial increase in the Company’s Authorised Share Capital and an augmentation of borrowing limits, all designed to support long-term growth.

The authorized share capital is set to increase from ₹ 2,250 crore (divided into 225 crore equity shares of ₹ 10 each) to ₹ 6,000 crore, which will be divided into 600 crore equity shares of ₹ 10 each. Furthermore, the borrowing limits have been increased up to ₹ 7,500 crore, providing the Company with enhanced financial flexibility for its expanding business operations.

For shareholders seeking approval for these proposals, SEPC Limited plans to conduct a Postal Ballot through remote e-voting. Alagar & Associates LLP has been appointed as the Scrutinizer to oversee the voting process.

Commenting on these developments, Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, stated that the Board’s proposals are critical enablers for the company's next phase of growth. He added that while the proposed acquisition of Avenir International Engineers and Consultants LLC is intended to complement SEPC’s engineering capabilities and provide access to the UAE’s oil and gas ecosystem, the enhancement of capital and borrowing frameworks reinforces the firm's long-term approach to building a stronger, diversified engineering enterprise.

Company Performance Snapshot​

SEPC Limited, which also operates in the Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors, delivered notable results in recent financial years. The Company recorded a Total Income of ₹ 1,085.8 Cr and EBITDA of ₹ 108.9 Cr in FY26. This follows a performance in FY25 where the company generated a Total Income of ₹ 646.0 Cr, with Net Profit increasing over the previous year.

SEPC Stock Price Movement​

As of 3:11 PM, shares of SEPC Limited are shedding value as they slip down 3.29%, currently trading at ₹6.46 per share. The stock has seen a total volume of 19.58 million shares in live trading so far.