SEPC Board Approves Capital Hike, Acquisition, and Borrowing Limit Increase
SEPC Limited's board approved a capital increase to ₹6,000 crore, a ₹3,000 crore limit for loans/guarantees, and a ₹7,500 crore borrowing limit. It also approved acquiring 90% of Avenir International Engineers and Consultants LLC via a ₹1,530 crore preferential share issuance. Acquisition completion is expected by December 2026.
The approval of a large capital increase, increased borrowing limits, and a strategic acquisition of an international entity will have a significant impact on the company's financial structure, operational capacity, and market presence.
The company is undertaking significant corporate actions including a substantial increase in authorized capital, higher borrowing and investment limits, and a strategic acquisition, all of which are generally viewed positively for future growth.
SEPC Limited's Board of Directors, in a meeting held on July 6, 2026, has approved a significant increase in the company's authorized share capital from ₹2,250 crore to ₹6,000 crore. This move is subject to shareholder approval.
Additionally, the Board has approved increasing the threshold for loans, guarantees, and investments under Section 186 of the Companies Act, 2013, to ₹3,000 crore. They also approved an increase in borrowing limits under Section 180 of the Companies Act, 2013, up to ₹7,500 crore.
A key strategic decision was the approval of acquiring up to 90% of the share capital of Avenir International Engineers and Consultants LLC, Abu Dhabi. This acquisition will be executed through a preferential issue of up to 153 crore equity shares of ₹10 each, on a preferential basis, for a consideration other than cash (share swap). The acquisition is expected to be completed by the end of December 2026 and aims to expand SEPC's business in the Oil & Gas sector. Avenir International Engineers and Consultants LLC, based in the UAE, has a turnover of AED 75.01 million for the year 2025 and specializes in Engineering and Design for Oil and Gas and civil-related sectors.
The Board also approved the notice for a postal ballot for seeking shareholder approval through remote e-voting and appointed M/s. Alagar & Associates LLP as the scrutinizer for the process. The board meeting commenced at 4:00 PM and concluded at 5:00 PM.
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SEPC Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SEPC Limited. Read the original for the full detail.