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, subject to shareholders’ approval, an increase in the Company’s Authorised Share Capital from ₹2,250 crore, divided into 225 crore equity shares of ₹10 each, to ₹6,000 crore, divided into 600 crore equity shares of ₹10 each, providing the Company with enhanced capital-raising capacity to support its future growth plans.
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.
Commenting on the development, Mr. 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.”
About SEPC Limited
SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company specializes in the design, procurement, construction, and commissioning of large and complex infrastructure projects across India.
SEPC serves a wide range of clients, including Central and State Government agencies, and continues to play a key role in India’s infrastructure development.
In FY26, the Company delivered Total Income of ₹1,085.8 Cr, EBITDA of ₹108.9 Cr, and Net Profit of ₹53.5 Cr, against Total Income of ₹646.0 Cr in FY25, with Net Profit more than doubling over the previous year.
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