SEPC Limited , an Indian engineering services company, has announced a significant international contract win, marking a notable expansion in its global operations. The company has been awarded a work order worth AED 13,500,000 (approximately ₹32.63 crore) from Avenir International Engineers and Consultants LLC, based in Abu Dhabi.

Contract Details

The contract, as disclosed in a filing to the National Stock Exchange of India and BSE Limited, involves SEPC Limited providing engineering services for various ADNOC (Abu Dhabi National Oil Company) projects. This engagement will be executed through a sub-contract arrangement with Avenir International Engineers and Consultants LLC.

Scope and Execution

While specific details about the projects remain undisclosed, the company has confirmed that the contract is international in nature. The schedule and timelines for the execution of the work will be provided by the counterparty, Avenir International Engineers and Consultants LLC.

Financial Implications

The total consideration for this contract is AED 13,500,000, which translates to approximately ₹32.63 crore at current exchange rates. This represents a significant addition to SEPC Limited's order book and potentially signals the company's growing presence in the Middle Eastern market.

Corporate Governance Disclosure

In line with regulatory requirements and transparency measures, SEPC Limited has clarified several key points regarding this contract:

1. The contract does not fall under related party transactions.
2. Neither the promoters nor any group companies of SEPC Limited have any interest in Avenir International Engineers and Consultants LLC, the entity awarding the contract.

Market Impact

This international contract win could be viewed positively by investors and market analysts, as it demonstrates SEPC Limited's capability to secure projects in competitive international markets, particularly in the strategically important oil and gas sector of the Middle East.

The company's ability to provide engineering services for ADNOC projects, one of the world's leading oil companies, may open doors for further opportunities in the region and enhance SEPC Limited's global reputation in the engineering services sector.

As SEPC Limited embarks on this new international venture, stakeholders will likely keep a close watch on the execution and potential future developments arising from this significant contract win.

SEPC Limited , a company listed on the National Stock Exchange of India and BSE, has announced a significant change in its top management. N K Suryanarayanan, who has been serving as the Managing Director and CEO, will be transitioning to a new role within the company.

Management Transition

According to a regulatory filing by SEPC Limited, N K Suryanarayanan's tenure as Managing Director and CEO will conclude on September 23, 2025. However, this change does not mark the end of his association with the company. Starting September 24, 2025, Suryanarayanan will continue to serve SEPC Limited in the capacity of a Non-Executive Director.

Regulatory Compliance

The company has confirmed that Suryanarayanan is not debarred from holding directorship positions by the Securities and Exchange Board of India (SEBI) or any other regulatory authority. This statement ensures compliance with corporate governance norms and transparency in management changes.

Seamless Transition

SEPC Limited emphasized that this transition represents the completion of Suryanarayanan's executive tenure rather than a resignation or removal. This planned succession suggests a smooth handover of executive responsibilities while retaining Suryanarayanan's expertise on the board.

Corporate Governance

The company's prompt disclosure of this management change aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency in reporting significant corporate events demonstrates SEPC Limited's commitment to good corporate governance practices.

Looking Ahead

While the company has not announced a successor for the Managing Director and CEO position in this communication, the retention of Suryanarayanan as a Non-Executive Director indicates a strategy to maintain continuity and leverage his experience in a different capacity.

As SEPC Limited navigates this leadership transition, stakeholders will likely be keen to observe any potential impacts on the company's strategic direction and operational performance in the coming months.