News

SEPC Limited informed the National Stock Exchange of India Limited and BSE Limited that Rajesh Kumar Bansal, Non-Executive Independent Director, resigned from his directorship effective August 13, 2026, due to personal reasons and other commitments. Bansal, whose Director Identification Number is 09634747, confirmed there are no other material reasons for his resignation.

SEPC will hold a meeting of the Board of Directors of the Company on 11 August 2026.

SEPC has received a Letter of Acceptance (LoA) from Steel Authority of India (SAIL) - IISCO Steel Plant (ISP), Burnpur. The LoA pertains to the execution of �Pellet Plant BOP including Civil & Structural (Pellet Package-2) for 4.08 MTPA Crude Steel Expansion Project of SAIL-ISP Burnpur dated 04 August 2026. The order is valued at Rs 854.56 crore.

SEPC 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 Rs 10 per share, aggregating to Rs 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 Rs 225 crore to Rs 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 Rs 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 Rs 7,500 crore, enabling the Company to support its expanding business operations and long-term growth plans.

SEPC will hold a meeting of the Board of Directors of the Company on 6 July 2026.