SEPC Ltd

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. SEPC stated that the proposed acquisition is expected to strengthen the company'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. Venkataramani Jaiganesh, managing director, SEPC, said: The proposals approved by the board represent important enablers for SEPC's next phase of growth. Together, these initiatives reinforce our long-term approach of building a stronger and more diversified engineering enterprise. SEPC is engaged in providing end-to-end solutions to engineering challenges, offering multidisciplinary design, engineering, procurement, construction, and project management services. The company's consolidated net profit jumped 37.03% to Rs 13.73 crore on 132.45% surge in revenue from operations to Rs 273.83 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

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.

The contract comprises two key packages under the expansion project. The Coke Oven Balance of Plant (BOP) Package ' COB-3, excluding civil and structural works, is valued at Rs 296.77 crore, while the Sinter Plant BOP Package ' SP-2, including civil and structural works, is valued at Rs 376.56 crore. The aggregate contract value stands at Rs 673.32 crore (excluding taxes). The projects are scheduled to be executed over a period of 30 to 33 months. The company said, This prestigious order from one of India's largest integrated steel producers reflects SEPC's strong engineering capabilities, execution track record, and growing credibility in delivering complex industrial projects. The win also strengthens the company's order book and underscores its ability to capitalize on the significant investments being made toward capacity expansion and modernization within India's steel sector. Venkataramani Jaiganesh, Managing Director, SEPC, said: 'This order from SAIL's IISCO Steel Plant represents a significant milestone for SEPC and highlights the confidence that leading public sector enterprises place in our engineering expertise and project execution capabilities. The project aligns well with our strategy of expanding our footprint in large industrial and process infrastructure projects. India's steel industry is entering a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth, and the nation's long-term economic ambitions. We believe this order positions SEPC favourably to participate in this transformation while strengthening our order book and enhancing future revenue visibility.' SEPC is engaged in providing end-to-end solutions to engineering challenges, offering multidisciplinary design, engineering, procurement, construction, and project management services. The company's consolidated net profit jumped 37.03% to Rs 13.73 crore on 132.45% surge in revenue from operations to Rs 273.83 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

SEPC has secured a major order worth Rs 673.32 crore from Steel Authority of India (SAIL) 'V IISCO Steel Plant (ISP), Burnpur for its 4.08 MTPA Crude Steel Expansion Project. The order reinforces SEPC''s growing presence in the industrial EPC segment and marks another significant milestone in the Company's strategy to strengthen its position in large-scale steel and heavy industrial infrastructure projects. The scope of work comprises two key packages under the expansion project: 'h Coke Oven BOP (Balance of Plant) Package 'V COB-3 (excluding Civil & Structural Works) valued at Rs296.77 crore 'h Sinter Plant BOP Package 'V SP-2 (including Civil & Structural Works) valued at Rs 376.56 crore

Profit before exceptional items and tax stood at Rs 15.27 crore in Q4 FY26, compared with Rs 10.02 crore in Q4 FY25. The company reported an exceptional item of Rs 0.40 crore during the quarter. Total expenses jumped 135.75% to Rs 273.68 crore in Q4 FY26 from Rs 116.09 crore in Q4 FY25. The cost of material consumed stood at Rs 239.12 crore (up 187.68% YoY), employee benefit expenses were at Rs 6.80 crore (up 17.8% YoY), and finance costs were at Rs 9.13 crore (down 26.13% YoY) during the period under review. SEPC is engaged in providing end-to-end solutions to engineering challenges, offering multidisciplinary design, engineering, procurement, construction, and project management services. Shares of SEPC rose 0.64% to close at Rs 7.87 on the BSE.Powered by Capital Market - Live

Net profit of SEPC rose 37.03% to Rs 13.73 crore in the quarter ended March 2026 as against Rs 10.02 crore during the previous quarter ended March 2025. Sales rose 132.45% to Rs 273.83 crore in the quarter ended March 2026 as against Rs 117.80 crore during the previous quarter ended March 2025. For the full year,net profit rose 115.54% to Rs 53.54 crore in the year ended March 2026 as against Rs 24.84 crore during the previous year ended March 2025. Sales rose 76.44% to Rs 1054.50 crore in the year ended March 2026 as against Rs 597.65 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales273.83117.80 132 1054.50597.65 76 OPM %3.7212.98 -7.368.46 - PBDT16.2011.30 43 68.1454.16 26 PBT15.2710.02 52 63.2649.07 29 NP13.7310.02 37 53.5424.84 116 Powered by Capital Market - Live

SEPC will hold a meeting of the Board of Directors of the Company on 25 May 2026.

SEPC announced that its board of directors has approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi in a share swap deal worth Rs 1530 crore.  This acquisition marks a significant strategic milestone in SEPC's journey to expand its global footprint and strengthen its presence in the high-growth Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region. Avenir International Engineers and Consultants LLC is a well-established engineering services company specializing in Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC). With a strong presence in the MENA region and a robust order book of approximately AED 500 million, Avenir brings deep domain expertise and established client relationships with leading entities such as ADNOC and DEWA.Powered by Capital Market - Live

The key equity indices traded with significant gains in morning trade supported by positive global sentiment after Donald Trump announced a temporary pause on potential strikes on Iran's energy infrastructure, indicating possible de-escalation in Middle East tensions. However, investor sentiment remained guarded due to uncertainty over the Strait of Hormuz reopening. Nifty traded above the 22,700 level ahead of the expiry of NSE derivative contract. IT shares witnessed buying demand after declining in the past trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex surged 739.04 points or 1.03% to 73,447.18. The Nifty 50 index soared 220.85 points or 0.97% to 22.727.55. In the broader market, the BSE 150 MidCap Index rose 0.69% and the BSE 250 SmallCap Index rose 0.42%. The market breadth was strong. On the BSE, 2,554 shares rose and 1,382 shares fell. A total of 214 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term declined 4.10% to 25.63. US-Iran Warfare The ongoing conflict in the Middle East continues to intensify, keeping global investors cautious as the war enters its fourth week, raising concerns about energy security and global economic stability. Donald Trump has said that based on the 'tenor and tone' of the ongoing discussions, he has instructed the US department of war to postpone any planned military strikes on Iranian power plants and energy infrastructure for five days. According to the chief of the International Energy Agency (IEA), nearly 40 energy assets 'severely damaged' in conflict; warns of 'worst' crisis. IPO Update: The initial public offer (IPO) of Central Mine Planning & Design Institute received bids for 2,21,44,560 shares as against 7,97,89,500 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.28 times. The issue opened for bidding on 20 March 2026 and it will close on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share. The initial public offer (IPO) of Sai Parenteral's received bids for 86,792 shares as against 75,22,486 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (24 March 2026). The issue was subscribed 0.01 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 372 and 392 per share. The initial public offer (IPO) of Amir Chand Jagdish Kumar (Exports) received bids for 38,71,770 shares as against 1,89,05,270 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.20 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share. The initial public offer (IPO) of Powerica received bids for 88,726 shares as against 2,05,55,171 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.00 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 375 and 395 per share. Buzzing Index: The Nifty IT index jumped 1.12% to 29,474.20. The index declined 0.18% in the past trading session. Tech Mahindra (up 1.4%), Infosys (up 1.23%), HCL Technologies (up 1.14%), Oracle Financial Services Software (up 0.46%), Mphasis (up 0.43%), LTIMindtree (up 0.35%), Wipro (up 0.33%), Persistent Systems (up 0.22%) and Tata Consultancy Services (up 0.16%) advanced. Stock in Spotlight: SEPC rose 2.80% after the company announced the acquisition of a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC. The deal, valued at around AED 708 million (approximately Rs 1,530 crore), is part of SEPC's strategy to expand its global footprint in the oil and gas engineering sector. Global Markets: Asia markets jumped on Tuesday as signs of de-escalation in the Middle East conflict moderated oil prices. The gains came after U.S. President Donald Trump said Monday he had instructed the U.S. military to delay planned strikes on Iran's power plants and energy facilities for five days, after discussions with Iranian officials. The development gave investors hope that the Middle East conflict that spiked oil prices and raised fears of a global recession was nearing an end. However, Iranian state media, citing an unnamed senior security official in a Telegram post, disputed Trump's account, denying that any talks had taken place between Washington and Tehran. Meanwhile, Japan's Nikkei 225 and the Topix indices clocked strong gains after the country's headline inflation rate eased for a fourth straight month in February as the economy cooled on stabilizing food prices and fuel subsidies. The consumer price index fell to 1.3% last month, according to data released by Japan's Statistics Bureau Tuesday, marking the lowest since March 2022 and below the central bank's 2% target, down from 1.5% in January. Overnight in the U.S., stocks rallied after President Donald Trump said the U.S. and Iran have held talks. The Dow Jones Industrial Average jumped 631 points, or 1.38%, to close at 46,208.47. The S&P 500 rose 1.15% and ended at 6,581.00, while the Nasdaq Composite gained 1.38% and settled at 21,946.76.Powered by Capital Market - Live