SEPC Limited , a prominent player in the engineering and construction sector, has announced significant changes to its leadership and compliance structure following its 25th Annual General Meeting (AGM) held on September 29, 2025. The company's shareholders approved key appointments that are expected to strengthen its governance and operational capabilities.

New Whole-Time Director Appointment

Mr. Venkataramani Jaiganesh has been appointed as a Director and Whole-Time Director of SEPC Limited for a five-year term, effective from July 14, 2025, to July 13, 2030. This appointment marks a significant addition to the company's executive leadership.

Jaiganesh brings a wealth of experience to his new role:

• Qualified Chartered Accountant with a Postgraduate Diploma in International Business
• Over 20 years of expertise in finance, accounts, and operational management
• Extensive experience across various sectors including trading, manufacturing, services, investments, EPC, and Oil & Gas
• Proven track record in driving business growth and expanding into international markets, including the USA, Qatar, Oman, and Saudi Arabia

Secretarial Auditor Appointment

In a move to enhance its compliance framework, SEPC Limited has appointed SJN & Associates as its Secretarial Auditor for five consecutive years, from FY 2025-26 to 2029-30. This appointment underscores the company's commitment to maintaining high standards of corporate governance.

SJN & Associates brings specialized expertise in:

• Secretarial audits
• SEBI regulations
• Capital market services
• Complex regulatory matters

Board Changes

The AGM also saw the re-appointment of Mr. Abdulla Mohammad Ibrahim Hassan Abdulla as a director, who was retiring by rotation.

In a separate announcement, SEPC Limited informed that Mr. N K Suryanarayanan, a Non-Executive Director, has resigned from the company's board, effective from the closing business hours of September 30, 2025.

Shareholder Approval and Voting Results

The company reported strong shareholder support for these appointments:

These appointments and the high levels of shareholder approval reflect SEPC Limited's focus on strengthening its leadership team and governance structures. As the company moves forward with these changes, stakeholders will be watching closely to see how these new appointments contribute to SEPC's growth and operational excellence in the coming years.

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.