Chennai: SEPC Limited, a leading EPC company with proven expertise in industrial infrastructure, process plants, water and wastewater management, has announced a series of strategic proposals approved by its Board of Directors, subject to the requisite shareholders’ and regulatory approvals. The approved proposals are aimed at strengthening the Company’s capital base, enhancing financial flexibility, and expanding its international engineering presence.
A key highlight of the Board’s approval is the proposed acquisition of up to 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, through a share swap transaction. The acquisition will be undertaken by way of 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 will be completed without any cash outflow and is expected to conclude by December 2026.
Established in 2011, Avenir International Engineers and Consultants LLC is an engineering and design company 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. The proposed acquisition is expected to strengthen SEPC’s capabilities in the oil & gas sector and significantly enhance its presence across the Middle East.
In addition, the Board has approved an increase in the Company’s Authorised Share Capital from ₹225 crore to ₹600 crore, through the creation of additional equity shares, subject to shareholders’ approval.
The Board has also approved enhancing the limits under for loans, guarantees, securities and investments to ₹3,000 crore, providing the Company with greater financial flexibility to pursue future growth opportunities.
Further, the Board has approved increasing the borrowing limits to ₹7,500 crore, enabling the Company to support its expanding business operations and long-term growth plans.
Building on its strong execution track record and sustained business momentum, SEPC continues to strengthen its growth platform through strategic initiatives aimed at expanding capabilities, enhancing financial flexibility, and broadening its international presence.
To obtain shareholders’ approval for these proposals, the Company will conduct a Postal Ballot through remote e-voting, and has appointed Alagar & Associates LLP, Company Secretaries, as the Scrutinizer to oversee the voting process.
Venkataramani Jaiganesh, Managing Director, SEPC Limited, said: “The proposals approved by the Board represent important enablers for SEPC’s next phase of growth. As we continue to strengthen our execution capabilities and expand our market presence, it is equally important to build the financial and organisational capacity required to pursue larger and more complex opportunities. The proposed acquisition of Avenir International Engineers and Consultants LLC is intended to complement our engineering capabilities and provide access to the UAE’s oil & gas
ecosystem, while the proposed enhancement of our capital and borrowing framework is designed to support the Company’s evolving business requirements. Together, these initiatives reinforce our long term approach of building a stronger and more diversified engineering enterprise.”
