SEPC Limited Increases Authorized Capital and Announces Acquisition of Abu Dhabi-based Engineer Firm
SEPC Limited has approved significant corporate restructuring, including a substantial increase in its authorized share capital and limits for borrowing and investment. Furthermore, the company announced plans to acquire up to 90% of the shares in Avenir International Engineers and Consultants LLC, based in Abu Dhabi.The Board of Directors considered and approved several material business actions designed to support the company's expanded operational scope and strategic international ventures on July 6, 2026.
Corporate Capital and Transactional Limits Increase
SEPC Limited’s authorized share capital was increased from Rs. 225,00,00,000/- (Rupees Two Thousand Two Hundred and Fifty Crore) to Rs. 6,000,00,00,000/- (Rupees Six Thousand Crore). This increase corresponds to a rise in the number of equity shares from 225,00,00,000 to 600,00,00,000, with each share maintained at Rs. 10.Additionally, two key transactional thresholds were elevated:
- The limit for loans, guarantees, and investments under section 186 of the Companies Act, 2013 was increased to not exceed Rs. 3,000 Crore (Rupees Three Thousand Crore).
- The borrowing limits under section 180 of the Companies Act, 2013 were raised to not exceed Rs. 7,500 Crore (Rupees Seven Thousand Five Hundred Crore).
Strategic Acquisition of Avenir International Engineers and Consultants LLC, Abu Dhabi
A key component of the company's expansion strategy is the acquisition of up to 90% of the share capital in Avenir International Engineers and Consultants LLC, Abu Dhabi. This acquisition was approved by the Board on March 23, 2026, following the execution of a Share Purchase Agreement (SPA).The purpose of the acquisition is to expand SEPC Limited's business into the Oil & Gas sector in the Middle East. Avenir International Engineers and Consultants LLC, which was established in 2011, has qualifications with ADNOC in the UAE.
Details regarding the acquisition:
| Particulars | Details |
|---|---|
| Target Entity | Avenir International Engineers and Consultants LLC, Abu Dhabi |
| Industry | Engineering and Design for Oil and Gas and other civil-related sectors |
| Transaction Type | Acquisition by issuance of equity shares (Swap of Shares) |
| Consideration Amount | Up to 153 Crore Equity Shares @ Rs. 10/- each, totaling Rs. 1,530 Crore |
| Acquisition Status | The acquisition is not a related party transaction. |
| Target Completion Date | By the end of December, 2026 |
Preferential Issue and Allottees Details
To facilitate the acquisition, SEPC Limited approved the preferential issue of up to 153 Crore Equity Shares of Rs. 10/- each for consideration other than cash, aggregating to Rs. 1,530 Crore (Rupees One Thousand Five Hundred Thirty Crore).The details of the proposed allottees for this issuance are as follows:
| Proposed Allottee | Share Swap Obligation with Avenir LLC | SEPC Limited Shares Allotted | Status |
|---|---|---|---|
| Avenir Oil Field Equipment L.L.C, UAE | 3 | 5,10,00,000 | Non-Promoter |
| Tranvel Holidays Private Limited | 43 | 73,10,00,000 | Non-Promoter |
| Zoomstud Impex Private Limited | 44 | 74,80,00,000 | Non-Promoter |
| Total | 153,00,00,000 |
Other Board Approvals
The board meeting also approved the Postal Ballot Notice to seek member approval via remote e-voting. Additionally, M/s Alagar & Associates LLP was appointed as Scrutinizer for the remote e-voting process during the Postal Ballot.SEPC Stock Price Movement
Shares of SEPC Limited today slipped by 1.05% to settle at ₹6.61, closing down following post-market trading activity. The stock recorded a volume of 10.9 million shares on the day, trading within an intraday range defined by a high of ₹6.77 and a low of ₹6.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: