SEPC Limited to Acquire Up to 90% Stake in UAE-Based Avenir Through Preferential Allotment
Chennai: SEPC Limited, an established EPC company specializing in industrial infrastructure and water management, has announced strategic proposals aimed at expanding its international presence and strengthening its financial foundation. These initiatives include the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, a UAE-based entity.The acquisition is set to be completed through a share swap transaction via preferential allotment of SEPC shares. The company plans to allot 153 crore equity shares at an issue price of ₹10 per share to the shareholders of Avenir. This transaction aggregates to ₹1,530 crore and is expected to conclude by December 2026 without any cash outflow from SEPC.
Avenir International Engineers and Consultants LLC is an engineering and design company based in Abu Dhabi, serving the oil & gas and other civil infrastructure sectors in the UAE. The company possesses established qualifications with ADNOC and reported a turnover of approximately AED 75.01 million during 2025. This acquisition is intended to bolster SEPC’s capabilities within the oil & gas sector and enhance its presence across the Middle East.
In conjunction with the international expansion, the Board of Directors approved several domestic capital strengthening measures. The Company's Authorised Share Capital is proposed to be increased from ₹225 crore to ₹600 crore through the creation of additional equity shares, pending shareholders' approval. Furthermore, the Board enhanced the limits for loans, guarantees, securities, and investments to ₹3,000 crore, while borrowing limits were approved at ₹7,500 crore, supporting the Company’s future growth plans.
Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, commented on the developments, stating that these proposals are crucial enablers for the next phase of the company's growth. He added that the acquisition of Avenir International Engineers and Consultants LLC is designed to complement SEPC’s engineering capabilities and provide access to the UAE's oil & gas ecosystem.
Company Financial Performance Snapshot
SEPC Limited, which also serves clients such as Central and State Government agencies, demonstrated strong financial performance in recent fiscal years:| Metric | FY25 | FY26 |
|---|---|---|
| Total Income | ₹ 646.0 Cr | ₹ 1,085.8 Cr |
| EBITDA | Not specified | ₹ 108.9 Cr |
| Net Profit | Not specified | ₹ 53.5 Cr |
The company's net profit in FY26 saw significant growth compared to the previous year. SEPC Limited is a well-established EPC company, specializing in turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors.
SEPC Stock Price Movement
On Tuesday, shares of SEPC Limited rallied after closing at ₹6.68, driven by a 0.91% gain on the day. The equity traded within a moderate range during the session, staying between a low of ₹6.54 and a high of ₹6.93.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.
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