SEPC Ltd Board Approves Director Appointment & Subsidiary Acquisition

SEPC Ltd announced the outcome of its Board Meeting held on August 25, 2026. Key decisions included the proposed Annual General Meeting on September 28, 2026, and the appointment of Ms. K B K Vasuki as an Additional Director (Non-Executive, Independent) for a five-year term, subject to shareholder approval. The Board also granted in-principle approval for SEPC FZE, Sharjah, to acquire 100% of Wintality Petroleum FZE via a strategic share swap. This transaction will make Wintality Petroleum FZE a step-down subsidiary of SEPC Limited. The Board also approved the subdivision of SEPC FZE's equity and capitalization of reserves to facilitate this acquisition.