SEPC Ltd Board Approves Share Capital Increase & Acquisition

SEPC Ltd's Board of Directors, in a meeting held on July 6, 2026, approved several key proposals subject to shareholder approval. These include a significant increase in authorized share capital from ₹2250 crore to ₹6000 crore, an increase in the threshold for loans and investments under Section 186 of the Companies Act to ₹3,000 crore, and an increase in borrowing limits under Section 180 to ₹7,500 crore. The board also approved the acquisition of up to 90% of Avenir International Engineers and Consultants LLC, Abu Dhabi, through a preferential issue of equity shares for consideration other than cash. The acquisition aims to expand SEPC's presence in the Oil & Gas sector in the UAE and the Middle East. A postal ballot notice will be issued to seek member approval, and M/s. Alagar & Associates LLP has been appointed as the scrutinizer.